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Canadian Gambling Company Signs Agreement with Five Racetracks

Canadian Gambling Company Signs Agreement with Five Racetracks

The Great Canadian Gaming Corporation which owns and operates a number of racetrack and casino venues in Canada has signed agreements with five Ontario racetrack operations and the Ontario Racing Commission in support of the Horse Racing Partnership Plan.

The company has said that the agreements are designed to establish a “Standardbred Alliance” among a number of racetracks. The Alliance will be focused on the horse supply in Central and South Western Ontario.

The Alliance has defined a three-tier racing hierarchy of Gross Roots, Signature and Premier. In the Gross Roots category are Clinton Raceway and Hanover Raceway. Flamboro Downs, Georgian Downs, Grand River Raceway and The Raceway at Western Fair are Signature while Mohawk Racetrack and Woodbine Racetrack have been deemed Premier.

The Alliance has worked to create a plan to develop a year-round racing calendar which is designed to attract both foreign and domestic customers. It will also provide consistent purse levels at each track.

Rod Baker, president and CEO of the Great Canadian Gaming Corporation, said, “The finalization of these agreements is good news for the future of horse racing in Ontario. We are committed to working with the provincial government and the Standardbred Alliance on implementing a long-term, sustainable model for racing in the province.”

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A proud native of Montreal, James discovered his passion for the business world while studying journalism. He has written for a number of Canadian financial newspapers. Though still in his 30’s, James has seen a number of economic bubbles come and go. He followed the social bubble and thinks mobile is a revolution and not a bubble.

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