Ontario government pledges up to $50 million over 3 years to tracks losing slots
The Ontario government announced its plan for transitional funding on Thursday by saying it would provide up to $50 million over the course of three years to help racetracks in the province cope with the loss of slot machine revenue, reports the Daily Racing Form. The exact nature of the funding will not be known until later this summer after consultations with industry leaders and three former provincial cabinet members. Employment Ontario will help workers displaced by the loss of slots and closure of racetracks find training and new jobs.
“We take this as an indication that the government is recognizing the value that our industry brings to Ontario’s agricultural economy and to the public in general,” Sue Leslie, president of Ontario Horse Racing Industry Association, said in a press release.
The OHRIA has created a task force to help develop a proposal to create a sustainable industry.