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Ontario Lottery and Gaming Corp. to find new revenue streams.
a full race calendar at Fort Erie track, based on its business plan and quantity and calibre of racing. But it endorses the current 30 day calendar at Ajax Downs.
are still many aspects of the report which need further dialogue and clarification especially in relation to grassroots racing, the survival of racing at Fort Erie Race Track and securing the necessary investment to ensure the breeding industry survives its severe decline, Leslie said in a release.
Because the slots would compete with the horse racing, they negotiated an agreement to give the racing industry a cut of the revenues.
The Ontario Horse Racing and Breeding Association has said having slot machines at 17 Ontario racetracks used to generate $1.1 billion in profits for the province each year.
believe that this industry has the capacity to be and is dynamic and exciting, and it one that can deliver the products that today customers want and that provide economic benefits to the communities that house Ontario racetracks, Wynne said.
When the slots at racetracks program was cancelled last year under former premier Dalton McGuinty, the Liberals said the government could not afford a to the horse racing industry.
It the straw for people who relied solely on horseracing for their livelihoods, he said.
is probably the death knell for the Fort Erie Race Track, a town I grew up in, he said in Toronto.
Conservative critic Jim Wilson, who represents Simcoe Grey, said the damage has already been done in rural Ontario.
today, have your hours cut and your days of work cut and your wages cut, and see if it remains viable for you to maintain that job, Natyshak said. would say no. said horse racing will be integrated into a provincial gambling strategy with Nike Sports Jacket Womens
400 million for horse racing industry
It an in the future, she said after making the announcement at the Grand River Raceway in Elora.
The slots at racetracks program wasn transparent or accountable, and the new measures will ensure that everyone knows where the money is going, the premier said.
TORONTO Ontario governing Liberals will spend up to $400 million over five years to help shore up the province struggling horse racing industry, Premier Kathleen Wynne said Friday.
It released a report Friday that recommended the government inject up to $80 million a year in the sector starting next April, mainly to help cover purses and the costs of live racing.
The minority Liberals, propped up by the New Democrats, are probably going to shutter the doors on a 125 year old institution toss all the people out of work, Hudak said.
wasn a requirement for the kind of transparent business plan that I think we need from all of the tracks, she said.
The panel had earlier concluded the slot machine revenue had accounted for 64 per cent of the annual income for the horse racing sector, and more than 60 per cent of purse money.
Sue Leslie, president of the Ontario Horse Racing Industry Association, said while there are many positives to come out of the report, work remains to be done on standardbred grassroots racing and thoroughbred racing at Fort Erie Race Track.
It also called for a standard bred racing alliance to operate a class racing circuit with eight tracks Hanover, Clinton, Grand River, Western Fair, Flamboro, Georgian, Mohawk and Woodbine.
Former cabinet minister and panel member Elmer Buchanan will become chairman of the ORC, pending approval by cabinet and a legislative committee, the government said.
It will reduce industry costs and enhance revenues by concentrating all resident based thoroughbred live racing at Woodbine, the report said.
Progressive Conservative Leader Tim Hudak said he was saddened by the panel position on his hometown racetrack.
What it means is horse people will have to travel further to compete for less money and have fewer chances at winning, said New Democrat Taras Natyshak.
thousands of people have been thrown out, and the fact of the matter is, it criminal what they did. amount of money available for the purses next year about $130 million will be a little more than half of what it used to be.
the highways and back roads, you see horse equipment, horse trailers, buggies everything up for sale in the ditches. A lot of the farms have gone bankrupt, he said.
how it works. That why we needed to recalibrate. government also plans to restructure the Ontario Racing Commission into two divisions: one that will continue to regulate the industry and Nike Hoodie With Zipper Pocket a separate one to distribute funding and work with the OLG on industry development.
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Racetracks will need to provide business cases to get the provincial money.
believe that this plan will make that happen. five year plan was devised by a three member panel appointed by the Liberals after they cancelled the slots at racetracks program, which brought in about $345 million a year for racetracks.
The program dates back to the late 1990s, when the previous Tory government approached the racing industry about installing slot machines at racetracks.
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