The Ontario Lottery and Gaming Corporation (OLG) has reached a lease agreement in principle with Grand River Agricultural Society for OLG’s slots operations at Grand River Raceway.
OLG has provided the site holder with a letter of intent, which sets out the general intentions and business arrangements, subject to approvals, between OLG and the site.
OLG previously announced it has reached agreements in principle for its slots operations with 10 other site holders.
The Feb. 5 announcement brings the total to 11 of 14 sites.
“We are pleased to announce that we have reached a lease agreement in principle for our slots at Grand River Raceway,” said Rod Phillips, president and CEO of OLG, “We have longstanding and positive relationships with our site holders and look forward to working with them in the future.”
OLG hopes to finalize the agreement with the site holder by February 28, 2013.
