Speaking today to a committee of Vaughan’s City Council, OLG President and CEO, Rod Phillips said that one GTA community stands to benefit significantly if it becomes the location of a new integrated gaming entertainment centre.
If that facility were to be located in Vaughan, it could mean:
- Hosting fees;
- Property tax revenue; and
- Development fees.
A new facility would also become a good source of local jobs. It is expected that about 9,700 direct jobs would be created at the facility and 3,000 construction jobs over a three-year period. Another 4,000 jobs are expected to be created as local businesses benefit from the economic development a new facility would generate.
Phillips noted a number of attributes that could make Vaughan an ideal location for a new gaming facility.
“Vaughan has a dynamic vision for the future development of a vibrant downtown core,” said Phillips. “In this area, Vaughan could be a natural fit for a new gaming entertainment centre.”
Vaughan’s proximity to highways, a future subway connection to downtown Toronto, and its closeness to Pearson International Airport are also qualities that could make the city a good choice.
“Vaughan is making a tremendous effort to establish itself as a Gateway to the GTA,” said Phillips. “The city is growing fast and attracting new business. A new gaming entertainment centre could be a catalyst for further growth and could help position the city as an ideal destination for business and tourism.”
Vaughan is currently considering if a new integrated gaming centre will be part of its future development. The City Manager has prepared a report as part of that process.
Read the City of Vaughan’s Entertainment and Casino Complex Economic Impact Review.