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Games News

OLG awards Greater Toronto Area Bundle to Great Canadian and Brookfield

Brookfield Business Partners L.P. (NYSE:BBU)(TSX:BBU.UN) and Great Canadian Gaming Corp. (TSX:GC) have been chosen by the Ontario Lottery and Gaming Corp. (OLG) to operate its casinos in the Greater Toronto Area (the “GTA Bundle”), according to the press release.

The deal will see Brookfield and Great Canadian acquire the whole of gaming assets in the GTA Bundle including OLG’s three facilities; OLG Slots at Woodbine, Great Blue Heron Casino located in the Mississaugas of Scugog Island First Nation and OLG Slots at Ajax Downs. Together, the three generated over $1 billion in gross gaming revenue in 2016. All combined they have more than 60 table games, 4,000 slot machines and employ upwards of 2,200.

The two companies will also have exclusive rights to operate the thre…