There may only be a slim chance of a casino in Toronto since Ontario Premier Kathleen Wynne said that the city won’t get a better deal than in other parts of the province.
Three councillors discussed the issue recently and all said that Wynne’s ruling makes it very unlikely that a Las Vegas style casino will be built in Toronto. A number of council members were hoping to see the city receive a greater share of annual revenue of around $100 million; however, this is unlikely under the current funding formula.
Councillor Josh Colle said, “It makes me wonder at this point, what’s the province’s plan now? It feels like [the province] is baiting us to say no, I’m almost wondering if this is their passive-aggressive way of trying to getting us to not support it.”
Colle said he believes that in order for him to support a casino the city would have to receive at least $20 million in revenue.
Councillor Ana Bailao said that Toronto needs a higher share of casino revenue in order to cover the extra infrastructure the project would require.
The city itself has now delayed a staff report of the economic impact of casinos in the city.