Canada

American Firms Show Interest in Toronto Casino

American Firms Show Interest in Toronto Casino

A number of Las Vegas casino operators are hoping that Toronto will be the place to build a new giant entertainment complex.

A number of Las Vegas casino operators are hoping that Toronto will be the place to build a new giant entertainment complex.

The owner of Las Vegas Sands, Sheldon Adelson, had a meeting with Mayor Rob Ford last summer and last month the chairman of Wynn Resorts, Steve Wynn, was also seen in town touring potential sites.

At present councillors are still considering whether to allow a casino or not. There plans for a public consultation and no decision is expected until next year at the earliest.

However, companies are still interested, as Kahlil Philander, a researcher with the International Gaming Institute at the University of Nevada said, “These particular companies are much more than gaming firms.

They build integrated resorts — hotels, convention facilities, other forms of entertainment”.

MGM has also expressed interest and discussed the possibility of a facility that included the Cirque du Soleil. Another option is Oxford Properties who have proposed a $3 billion overhaul of the Metro Toronto Convention Centre to include a hotel, office towers and a casino.

However, despite all the American interest, there is no reason why a Canadian firm should not be successful and there will certainly be a lot of local involvement in the project. However, until it is approved, this is nothing but speculation.

Canada

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