Comment 83963

By jason (registered) | Posted December 15, 2012 at 09:05:47

can someone please clarify for me, but here is my understanding of how these casinos work: OLG owns the licence rights, but apart from that, the entire venture is a private development with private funds. OLG, the owner/operators and the city all get a share of the earnings. The development pays taxes and goes through the usual development process in each city with no government ownership or financial involvement.

Is this correct?

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