Comment 82767

By Borrelli (registered) | Posted November 12, 2012 at 14:55:40

An uptick that could potentially be offset by the dilution of finite gaming revenues as there is a marked increase in gaming facilities province-wide, am I wrong?

I think the numbers are pure speculation. According to The Spec OLG was saying that putting a slots+casino downtown is worth 5-10% more to the city, but at the same time they're warning that in the case of a casino at Flamboro "revenues would fall by 10 to 15 per cent thanks to increased competition from other nearby casinos (including Brantford, Woodbine, and a new casino in the GTA)."

This isn't economic analysis as much as it is arm-twisting that is meant to build support for an OLG casino downtown.

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