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Author Topic: Woodbine Entertainment Group Signs Deal With Govt. For Racing To Continue  (Read 403 times)
Sea Biscuit
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« on: January 23, 2013, 11:15:53 PM »


The Ontario Government and Woodbine Entertainment Group (WEG), owners of Woodbine Racetrack in Toronto and Mohawk Racecourse in Campbellville, announced a deal that will allow WEG to continue to host thoroughbred and standardbred racing in 2013 and 2014.

WEG, which is known for its world class racing and facilities, have negotiated a short term deal with the Ontario Government. This deal will ensure that there is racing at WEG in 2013 and 2014 while a more sustainable and long term racing model is negotiated between WEG and the Province.

While the Ontario Horse Racing Industry Association (OHRIA) applauds the efforts of those involved in this short term agreement, OHRIA will remain vigilant in pursuing an agreement with the new Premier of Ontario and OMAFRA to ensure a sustainable horse racing and breeding industry for the long term.

“OHRIA thanks Minister McMeekin and the OMAFRA panel; Elmer Buchanan, John Snobelen and John Wilkinson, and from WEG Jim Lawson and Nick Eaves, for their efforts,” commented OHRIA President, Sue Leslie. “While this announcement ensures racing for the next two years at WEG, it does not deal with the five year breeding cycle and the investments made by breeders, horse owners, and race track operators all across this Province. Horse racing must be integrated into the OLG’s overall gaming strategy in order for the industry to remain sustainable.”

In 2012, the OLG implemented a Modernization Plan which includes the building of 29 new casinos in the Province while terminating the highly successful Slots at Racetracks Program and excluding horseracing from the Province’s overall gaming strategy.

Initiated in 1998, the Slots at Racetracks (SAR) Program was a partnership between the horse racing industry, the OLG and the racetrack’s host municipalities. For more than a decade, this Program has been a remarkable source of revenue for the Province with more than $9 billion (since 2001) in revenue being generated for the Province and used to build hospitals, community centers, as well as infrastructure and donations to community organizations, mainly in rural areas. Under the SAR Program the Province received 75% of slots revenue, the horse racing industry received a 20% share of the slots revenue, a figure which was negotiated to offset the cannibalization of the industry’s wagering dollar to the slots, and the municipality where the racetracks are located received a 5% share of the slots revenue.

Since 1998, the $2 billion horse racing industry, which employs more than 55,000 Ontarians has faced increased competition for its wagering dollar from OLG’s expansion of its casinos, lotteries and slots facilities. With the SAR Program ending on March 31, 2013, the horse racing industry is facing an uncertain future while OLG continues to expand its operations in direct competition with the horse racing industry and excluding it from its overall gaming strategy.

http://www.standardbredcanada.ca/news/1-23-13/ohria-omafra-weg-deal.html
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Sea Biscuit
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« Reply #1 on: January 23, 2013, 11:36:44 PM »

I always said there would be racing at WEG

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Can't say about other tracks in Ontario but there will always be harness racing at Woodbine. No need to throw them a bone or a (biscuit). Haha good one Jerome.

Its in our blood. trophy trophy
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Jerome B --Yonkers1-- Fuzzypants-- Delrae  nyah
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Sea Biscuit
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« Reply #2 on: January 24, 2013, 12:04:40 AM »

More good news

OLG Reaches Agreements In Principle For Leases At Eight Ontario Gaming Sites

The Ontario Lottery and Gaming Corporation (OLG) is pleased to announce that it has reached lease agreements in principle for its slots operations with eight of its site holders. This includes:

    Woodbine Racetrack;
    Mohawk Racetrack;
    Rideau Carleton Raceway;
    Hanover Raceway;
    Woodstock Raceway;
    Dresden Raceway;
    Sudbury Downs; and
    Clinton Raceway.
    Western Fair
     Kawartha Downs

OLG has provided the siteholders with a Letter of Intent, which sets out the general intentions and business arrangements, subject to approvals, between the site and OLG. On December 21, 2012, OLG announced agreements in principle with Western Fair District Raceway and Kawartha Downs Racetrack.

"We are pleased to announce that we have reached lease agreements in principle with 10 gaming sites," said Rod Phillips, President and CEO of OLG, "We have longstanding and positive relationships with our siteholders and look forward to working with them in the future."

OLG hopes to finalize agreements with site holders by February 28, 2013.

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.


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jdizigg
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« Reply #3 on: January 24, 2013, 12:29:09 AM »

More good news

OLG Reaches Agreements In Principle For Leases At Eight Ontario Gaming Sites

The Ontario Lottery and Gaming Corporation (OLG) is pleased to announce that it has reached lease agreements in principle for its slots operations with eight of its site holders. This includes:

    Woodbine Racetrack;
    Mohawk Racetrack;
    Rideau Carleton Raceway;
    Hanover Raceway;
    Woodstock Raceway;
    Dresden Raceway;
    Sudbury Downs; and
    Clinton Raceway.
    Western Fair
     Kawartha Downs

OLG has provided the siteholders with a Letter of Intent, which sets out the general intentions and business arrangements, subject to approvals, between the site and OLG. On December 21, 2012, OLG announced agreements in principle with Western Fair District Raceway and Kawartha Downs Racetrack.

"We are pleased to announce that we have reached lease agreements in principle with 10 gaming sites," said Rod Phillips, President and CEO of OLG, "We have longstanding and positive relationships with our siteholders and look forward to working with them in the future."

OLG hopes to finalize agreements with site holders by February 28, 2013.

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.




 beer beer beer thumbs up
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Sea Biscuit
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« Reply #4 on: January 24, 2013, 12:39:52 AM »

More good news

OLG Reaches Agreements In Principle For Leases At Eight Ontario Gaming Sites

The Ontario Lottery and Gaming Corporation (OLG) is pleased to announce that it has reached lease agreements in principle for its slots operations with eight of its site holders. This includes:

    Woodbine Racetrack;
    Mohawk Racetrack;
    Rideau Carleton Raceway;
    Hanover Raceway;
    Woodstock Raceway;
    Dresden Raceway;
    Sudbury Downs; and
    Clinton Raceway.
    Western Fair
     Kawartha Downs


I wished Grand River and  Georgian Downs were in the above list.
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burton
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« Reply #5 on: January 24, 2013, 07:57:04 PM »

I'm very happy for the horsemen north of the border and for the fans like you Sea Biscuit.
You were right all along.
Congrats!
Hit them big this weekend!
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