Gateway Casinos is well-known as one of the leading casino developers and operators across Canada and this notion has been confirmed over the span of the past twelve months. Ontario Lottery and Gaming Corporation chose Gateway Casinos for the new management of casino venues part of the so-called Central Gaming Bundle.
It could be recalled that the leading lottery force for the province of Ontario decided it would be best for the industry if it introduced a breath of fresh air to it. This diversifying is possible through the entering of a new player in a given field, and this is exactly what happened this summer. Continuing previously designated plan for action, including Gateway Casinos’ awarding of North and Southwest Gaming Bundles, the casino developer received management of a new batch of casino venues. The deal amounted to some CA$89.3 million.
Casino Developer Adds Three Gamign Venues to Portfolio
The aforementioned Central Gaming Bundle comprises of the venue previously known as OLG Slots located at Georgian Downs, Casino Rama Resort, as well as the permit for future gambling operation in Wasaga Beach. The latter one awaits the official decision of regional regulators. The first location situated at Georgian Downs in Innisfil is a preferred location thanks to its 950 slot machines available on site, in addition to electronic table games.
Over the span of the past several months, the location saw significant improvements and renovations going on. The first phase of it was the introduction of as many as 26 new table games, providing more people with the chance to give their luck a try. This, in turn, will provide as many as 100 new work positions on site. In addition to that, the casino venue also saw the installation of a brand-new sign right above the main entrance, which reflected the rebranding to Gateway Casinos Innisfil.
Casino Rama Resort is the second location part of the recently-acquired bundle. The gaming hotspot situated on Chippewas of Rama First Nation’s Lands near Orillia implements a rather complicated subleasing arrangement. Ontario Lottery and Gaming Corporation sub-subleases the gambling property to Gateway Casinos, which could result in a sluggish process of decision making when the need for changes arises.
Casino Operation Set to See Renovations
Recently it became known that casino workers at the location are preparing for a potential strike towards the end of January if currently ongoing negotiations fail to reach their expectations. Some 1,500 individuals members of the Unifor Local 1090 seek better work conditions, wages, and benefit packages, in addition to their future pension perspectives. A total of three meetings striving to negotiate the best working conditions for everyone involved are about to take place over this week.
The third and last gaming aspect of this bundle is the future casino venue in Wasaga Beach which is going to provide the area with some 400 permanent work positions. The casino venue which received a green light in October is going to feature some 300 slot devices, as well as 120 gaming seats, providing individuals from near and far with its premium offerings. Brian Smith, mayor of Wasaga Beach, was the first to confirm the project will move ahead in the area.
I am very happy to announce that Gateway Casinos & Entertainment Ltd. has chosen our great town for the location of the newest Casino. This is great news for Wasaga Beach. It will bring hundreds of well paying jobs & millions of dollars in revenue. Onward and upward Wasaga.
— Mayor Brian Smith (@mayorbriansmith) October 11, 2018
According to previous information, there are five possible locations for the gambling venue in Wasaga Beach that are being considered. Next year is set to bring lots of development for the casino venues of the Central Gaming Bundle and the field is more than ready for it.
