More Slot Machines for Great Canadian

Several months ago we talked about the fact that The Great Canadian Gaming Corp. had been trying to get the Ontario Lottery and Gaming Corp. to approve an expansion of gambling for the park, and give them more slot machines. Up until now, Ontario Lottery has been dragging its feet and not approving that addition of the slot machines.

However, that was that, and Georgia Downs is getting more slot machines, in fact they are getting a whole lot of slot machines. The track will be increasing the number of slot machines from 451 to 1,000.

Great Canadian will be investing $30.3 million to increase their slot machine capacity. The slot machines are owned by the government, and they are investing $45.7 million on new equipment. The OLG says that what it comes down to is more slot machines mean more revenue for both the track, the municipality and the horse breeders. It also means more jobs, as the new slot machines will end up bringing in 90 more jobs to the area.

Innisfil is happy because this means that they will be getting more money as well, as they have already received more than $23 million off of the first 450 slot machines. Now that they are more than doubling the number of slot machines, you can assume that their take will get larger as well.

Innisfil's share of the take will also increase, although Cronin says it's too early to determine the town's bottom line. It receives five per cent of the slot revenues on the first 450 machines, two per cent on the remaining machines.

Back to Monthly Archive // Main Slot Machine News Index