Three More Race Tracks Sign Funding Agreements
Ontario Government Committed to Sustainable Horse Racing Industry
The new Ontario government has reached tentative transition funding agreements with Georgian Downs, Flamboro Downs and Fort Erie Race Track -- the latest step in ensuring race dates for the 2013 season.
They join six other race tracks that have also reached agreements-in-principle for transition funding. Western Fair, Clinton, Hanover and Elora also signed agreements-in-principle with the province earlier this month, while Woodbine and Mohawk race tracks signed on Jan. 23, 2013.
The new Ontario government will continue to negotiate agreements with other interested race tracks to provide transition funding for the next three years in order to ensure a strong future for horse racing in the province.
- Georgian Downs and Flamboro Downs are operated by Great Canadian Gaming Corporation.
- The Horse Racing Industry Transition Panel, made up of former cabinet ministers Elmer Buchanan, John Snobelen and John Wilkinson, released its final report on Oct. 23, 2012.
- Up to $30 million will be available for the Horse Improvement Program in 2013. The Horse Racing Industry Transition Panel, the Ontario Racing Commission and members of the province’s world class breeding industry are discussing the allocation of these funds.
- The Ontario Lottery and Gaming Corporation has reached commercial lease agreements-in-principle with all 14 race tracks in the province that host slots facilities.
“Ontario's horse racing and breeding industries are an important part of a healthy economy in Ontario. We will continue to work in consultation with the industry partners for the long-term good of the industry and the province.”
“Today’s announcement is good news for the future of horse racing in Ontario. We are pleased to be able to welcome live horseracing fans to our properties this season.”