Ten racetracks, including Western Fair, Woodstock, Clinton and Dresden, will be keeping their slot machines.
The Ontario Lottery and Gaming Corporation has reached lease agreements with these tracks.
There is also some transitional money set aside as the industry will struggle to make due without its share of the slots-at-racetracks program that has provided funds for racing for the past 15 years.
It has been reported that Woodbine Entertainment Group, which runs the largest track in the country, has a two-year agreement.
How much money is involved, neither side is saying.
“It would be like showing your hand in poker,” said Ted McMeekin, Ontario’s Minister of Agriculture, Food and Rural Affairs, who is in charge of the file, told The Globe and Mail.
I think we need to know these numbers. It is only right that taxpayers find out what is involved.
And is WEG, which operates two tracks, the only one getting transitional funds?
This story is pretty murky so far and I have a feeling the OLC wants it that way.
A news release from OLG says that it continues to negotiate.
“OLG continues to engage in lease agreement discussions with its other site holders across the province and remains hopeful that a positive outcome to those discussions is near for all facilities.”
More information must be forthcoming.
This is not good news for people who make their livelihood from the industry.