The debate around the possibility of a Toronto based casino continues and MGM Resorts is making good progress in its bid to operate the potential casino.
Earlier this week the Chairman and Chief Executive Officer of MGM Resorts, Jim Murren, said that the project currently has a 50-50 chance of being approved by the City of Toronto. However, Murren believes that, “If it doesn’t happen here there will be one somewhere in Ontario. Our preference and the OLG’s preference is to be in Toronto.”
At present the City of Toronto and the Ontario Lottery and Gaming Corp. are considering their options.
However, recent reports say that it could be another year before a decision is made. There are also reports of large amounts of behind the scenes lobbying.
Murren says that if MGM Resorts does build the casino it would hire and promote Canadian talent such as Cirque du Soleil and Chef Mark McEwan.
Murren believes that the casino will attract up to a million players each year from outside of Ontario and generate $1 billion a year from non-gaming activity.