Gateway Casino & Entertainment, one of Canada's largest and most diverse gambling companies, announced that the company has signed a takeover deal with the Hanover, Bentink and Brandt Agricultural Association (owner of the unfinished banquet hall at Hanover Raceway). The company announced plans to invest in empty banquet halls to make it a gambling facility to generate stable monthly income for the local economy.
Owned and operated by the Hanover, Bentink & Brandt Agricultural Society, Hanover Raceway offers over 175 slot machines and live horse racing. In 2011, a change in local horse racing financing took a toll on Ontario's thriving horse racing industry, which halted the continuing construction process of the banquet hall. Since then, the building has been unfinished and empty.
Gateway has revealed its ambitious plan to turn it into a small gambling house. The company will invest in the construction of a small game room with a choice of game options. In addition, the company will take advantage of the opportunity to attract people who are not interested in gambling. The company will include new food and beverage facilities. Gateway Casino spokesman Rob Mitchell announced that the company plans to invest millions of dollars in finishing and revitalizing the half-built banquet hall.
Project Contents and Impact on the Regional Economy
Construction is expected to begin sometime this spring. If everything goes according to schedule, the banquet hall will be ready to welcome its first visitor in the first half of next year. Meanwhile, the existing site in Hanover will remain in operation as usual. Hanover Mayor Sue Patterson said Gateway's plan was to bring widespread economic benefits to the region and lower unemployment. 카지노사이트먹튀
Gateway Casino and Entertainment Limited acquired OLG Hanover Casino as part of OLG Southwest Gaming Corporation (OLG), and in May last year, Gateway announced that it had signed a 20-year casino operation and service agreement (COSA) with OLG and purchased assets in the Southwest Gaming Bundle.
Gateway has yet to disclose further details regarding its business in Hanover, announcing the gateway brand the banquet hall will offer to its customers. Speaking of Gateway's plans, Gateway Casino general manager Linda McCall pointed out that gambling areas will complement raceways perfectly and maximize profits. Industry experts are confident that Ontario will take a step forward by privatizing the gambling market. This will allow private companies to rebuild depleted gambling houses and modernize the gambling market in gambling areas.