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Marie for hosting Gateway Casinos – Sault Ste. Marie. Acting together on the advice of public health authorities, OLG and its service providers.


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The market says Ontario got fleeced on gaming assets | Financial Post
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Ontario gets taken to the cleaners in casino deal - The Globe and Mail
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The OLG still gets revenue from the sold-off operations β€” though exactly what that cut is, isn't clear. After a certain threshold, what the OLG.


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olg casinos sold

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Under the deal, Great Canadian Gaming Corp. and Brookfield Business Partners LP would also have the exclusive right to operate the casinos.


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olg casinos sold

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The OLG still gets revenue from the sold-off operations β€” though exactly what that cut is, isn't clear. After a certain threshold, what the OLG.


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olg casinos sold

BN55TO644
Bonus:
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The OLG still gets revenue from the sold-off operations β€” though exactly what that cut is, isn't clear. After a certain threshold, what the OLG.


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olg casinos sold

BN55TO644
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$ 1000

Under the deal, Great Canadian Gaming Corp. and Brookfield Business Partners LP would also have the exclusive right to operate the casinos.


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olg casinos sold

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sale involved the disposition of gaming assets including OLG Slots at the Great Blue Heron Casino β€” the so-called β€œGTA Gaming Bundle.”.


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olg casinos sold

BN55TO644
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Marie for hosting Gateway Casinos – Sault Ste. Marie. Acting together on the advice of public health authorities, OLG and its service providers.


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olg casinos sold

BN55TO644
Bonus:
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All
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$ 1000

Under the deal, Great Canadian Gaming Corp. and Brookfield Business Partners LP would also have the exclusive right to operate the casinos.


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olg casinos sold

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While OLG saw higher revenues from scratch card sales, lower revenues from the sale of tickets for such games as Lotto Max dragged down the.


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olg casinos sold

Reminiscent of the privatization of Highway , the sale involves a massive transfer of wealth from the Government of Ontario, and ultimately all Ontarians, to the private sector. Read most recent letters to the editor. Report an error. Read our community guidelines here. If you want to write a letter to the editor, please forward to letters globeandmail. In effect, the government has denied the public considerable revenue had they paid for the low-risk investment themselves. If you are looking to give feedback on our new site, please send it along to feedback globeandmail. Log in. Readers can also interact with The Globe on Facebook and Twitter. Contact us. That means: Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed. But it is not clear how this justifies the final sale price. The public would have been better served by OLG either holding on to the casinos, given how well they were performing, or by selling them to a bidder whose offer reflected their real value. Follow us on Twitter globedebate Opens in a new window. Thank you for your patience. Some information in it may no longer be current. Log in Subscribe to comment Why do I need to subscribe? Published May 17, Updated May 17, Published May 17, This article was published more than 2 years ago. I'm a print subscriber, link to my account Subscribe to comment Why do I need to subscribe? Read our privacy policy to learn more.{/INSERTKEYS}{/PARAGRAPH} Customer help. Log out. Click here to subscribe. But this is short-term thinking. This is a space where subscribers can engage with each other and Globe staff. {PARAGRAPH}{INSERTKEYS}The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. Lastly, the government might suggest that the low sale price saves public money by having the OGGTA pay for the modernization of the casinos rather than the taxpayer. David Zarnett. Show comments. We aim to create a safe and valuable space for discussion and debate. The repeated failure of our government to extract maximum value for its assets undermines public trust in our governing institutions and political leaders, something which is crucial for a healthy and functioning democracy. Non-subscribers can read and sort comments but will not be able to engage with them in any way. But just because the bids were received through such a process does not mean that the bids had to be accepted. As former Ontario premier Mike Harris did with the sale of the , Kathleen Wynne may use the deal to suggest that the government is taking concrete measures to rein in the provincial debt. Due to technical reasons, we have temporarily removed commenting from our articles. Page ancestor: Back to Cannabis Professional. Furthermore, the sale price does not adequately reflect the fact that the deal grants the OGGTA at least two decades of exclusive rights to operate these casinos in the GTA, one of the fastest-growing cities in North America. But if true, the money received will be little more than a drop in a multibillion-dollar debt bucket, raising further questions about the reasons for the sale. The government might argue that the value of the casino bundle was determined through a competitive process. As evidenced by stock market reactions, the accepted bid was clearly below market value. This article was published more than 2 years ago. Story continues below advertisement. If you would like to write a letter to the editor, please forward it to letters globeandmail. Continued poor-decision making by the Ontario Liberals, especially when it comes to protecting taxpayer dollars, only serves to fuel anti-government, anti-establishment views in the province. The government might also argue that the fire sale price reflects a desperate financial need to sell off its assets. Contributed to The Globe and Mail. Article text size A. We hope to have this fixed soon.