Woodbine Set to Become Canadian Most Desired Casino Location
A sense of gripping anticipation is spreading in Woodbine as the gambling community awaits the decision from the Liberal government led by Premier Kathleen Wynne, which is expected to give the final nod to a casino in Toronto.
World Class Casino Arriving to Woodbine?
Such a decision could soon see Toronto gamblers and casino goers enjoy a world-class casino at Woodbine Racetrack.
Thursday, 10 August remains the scheduled date for a privatization decision on which company would emerge victorious from the bid to take over Ontario Lottery and Gaming (OLG) slots property at Woodbine.
And with the entire community anxiously awaiting the decision, the suspension of trading on the Toronto Stock Exchange of Great Canadian Gaming Corp. has added fuel to fire that the Woodbine announcement could come earlier than expected.
A source close to the ongoing negotiations has revealed that a plan is created for the Great Canadian Gaming to take over the Woodbine property and team up with Brookfield Developments to build a world-class casino facility which would come with usual gaming tables and slot machines but would also feature a hotel and a strong entertainment sector.
Who Wins the Bid?
Another rumour has it that Hard Rock Casino group could be the brand to support this ambitious project.
The province is yet to make a definite choice on who will be managing the new casino facility, whereas it is suggested that Woodbine has been confirmed as the desired location for this project.
The word is that Malaysia’s Genting outbid other contenders – believed to be Great Canadian Gaming and America’s Ceasars casino development. However, Premier Wynne and the Liberal government are said to be pushing toward a Canada-based transaction and are prone to choosing the Great Canadian Gaming with whom they already worked on the privatization deals for a casino in the Thousand Islands and a slot machine entertainment centre in Kawarthas.