Woodbine Entertainment Group reached an agreement in principle Wednesday with the Province of Ontario that will ensure the continuation of live horse racing for the next two years at Woodbine and Mohawk Racetracks.
"This long-awaited agreement offers stability while WEG and our partners in horse racing work with government towards a long-term sustainability solution," said Jim Lawson, Chairman of the Board of Directors of Woodbine Entertainment Group. "It's clear to us that this is only a short-term fix, and sustainability can only be achieved by the integration of horse racing into the province's gaming strategy. As the largest operator of horse racing in Canada, WEG is committed to working with the government to achieve this critical outcome.
"Our challenge is to now build a new, sustainable model for horse racing in Ontario that continues to set the standard internationally. I'm confident that working with our partners in industry and government, we can achieve that goal. Our industry deserves nothing less."
Lawson will hold a press conference today at 10 a.m. at the Canadian Horse Racing Hall of Fame.
To get the full writeup and all of the details, click here to download today's edition.