Gateway signs deal for Simcoe County casinos
A 23-year agreement has been signed by Gateway Casinos and Entertainment Ltd. for ownership of Innisfil’s Georgian Downs, Rama’s Casino Rama Resort and a new casino in the Wasaga Beach/Collingwood area.
“I am very proud to invite our colleagues at Casino Rama Resort and OLG Slots at Georgian Downs to officially join the Gateway team today,” CEO Tony Santo said.
Back in March 2018, the British Columbia-based Gateway as the winning operator to run the casinos.
With 27 Ontario properties now, Gateway has already started investing in other projects it was awarded by the OLG, including $36 million on building the new Cascades Casino in Chatham. That project will create up to 200 jobs and will feature the Buffet and Match Eatery & Public House as well.
“Gateway is reinvesting in local communities and creating thousands of new jobs by introducing our signature gaming and restaurant brands throughout Western Canada and Ontario,” Gateway chair Gabriel de Alba said. “The acquisition of the Central Gaming Bundle is the next milestone in Gateway’s growth strategy and significantly enhances our customer offerings in Ontario with the addition of a casino resort property that can be leveraged throughout our Ontario portfolio.”