MGM eyes Toronto for sprawling integrated resort and casino

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The company behind some of Las Vegas’s best-known gambling destinations – including Bellagio, Luxor, Mandalay Bay and The Mirage – has begun lobbying to build its first Canadian casino in Toronto.

MGM Resorts International’s development staff visited Toronto recently and the entertainment behemoth has hired a local firm, Sussex Strategy Group, to make its case at city hall.

MGM is exploring a $2 billion-to-$6 billion investment in the city, one that could go well beyond slot machines and roulette wheels to include hotels, restaurants, spas and convention facilities.
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“It’s an amazing market, it’s an amazing city,” Alan Feldman, MGM’s senior vice-president of public affairs, said in an interview from Japan Monday. “We’d be prepared to invest an awful lot in the development of the concept.”

MGM’s inquiries are in the very early stages, Mr. Feldman said. The company isn’t much interested in a small project, such as adding tables to the slots at the Woodbine racetrack.

But if the province and city are interested in a sprawling “integrated resort” where gambling facilities make up as little as 10 per cent of the space, then MGM is very interested in Toronto.

Source: http://www.theglobeandmail.com/news...-integrated-resort-and-casino/article2404653/

Editorial Note: Toronto is a stuffy, conservative, Victorian city. I highly doubt this sort of project would get enough local support for it to be built.
 

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The Ontario Liberal government has stated any new casinos would have to have support through a referendum. In the past, the people of Toronto have been against such things.
The only reason that slots at racetracks began, was that there was no tax burden put on the people. The racetracks paid the bill, in exchange for a piece of the action.

What's changed? The Liberal government has chosen to end their agreements with racetracks throughout the province. Sadly, this will have a huge negative impact on horse racing. Some closures have been announced, and the Liberal government has taken steps that put people out of work.
 

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