The problem in Ontario stems from the fact that when the program started, people from the lower 48 would flock across the border to play casino games. As Casino gaming parlors started popping up in the states, people went there instead and revenues began to plummet.
You'll notice WEG has had little to say about this, probably because the OLG has plans to build a Mega-Casino in Toronto, right next to Woodbine.
Holmes: Woodbine Could Close If GTA Casino Goes Elsewhere
Published: May 14, 2012 1:57 pm ET
"If the slots were removed from Woodbine you would see the end of Woodbine Racetrack in Toronto."
On Monday, Woodbine Entertainment Group's Vice-President of Corporate Affairs Jane Holmes warned Toronto's Executive Council that Woodbine Racetrack "could close" if a casino was to be built in the GTA at a location other than the Rexdale, Ont. facility. The above quote appeared in the Globe And Mail on Monday afternoon.
As reported on 680 News, Holmes noted that "for all intents and purposes, Woodbine is viewed by many as a casino" and thus the track would make expanded gaming under the new OLG strategy a natural fit. Holmes went on to warn that Toronto would risk its annual $15 million share of gaming revenue from WEG if the track was forced to close.
(Standardbred Canada)