Two of Canada’s major cities, Toronto and Ottawa are reacting in a very different way to proposals of opening new casinos in these urban centres.
Toronto city authorities are deliberating the pros and cons of a new casino development
Toronto’s city manager, Joe Pennachetti, believes that any casino development, which he is fairly adverse to, should be part of a new convention centre, rather than be an independent venture.
Pennachetti also proposed that 50% of all casino profits should land in the city’s pocket: “This would reflect the magnitude of the potential development and operation and the joint risk and contribution of each partnering government given the size and scope of the Ontario and Toronto economies”.
However, not all Toronto decision makers are reluctant when it comes to new casino developments. The city’s mayor Rob Ford believes that such a project would mean an annual $150 million for the city coffers while the Ontario Lottery and Gaming Corporation (OLGC) estimated this figure at $50 – $100 million.
Meanwhile local authorities in Ottawa were happy to sign up for the idea of a new casino allowing the OLGC to call all the shots on where the new casino should be built and how big it should be.
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