Woodbine Official: 'Survival' of Track Hinges on Having Casino - Horse Racing News | Paulick Report
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Woodbine Official: ‘Survival’ of Track Hinges on Having Casino

Woodbine Racetrack

Officials in Toronto are currently studying proposals for several new casinos in the area, either within the city limits or in the surrounding areas.

Woodbine Entertainment executives are concerned that if a gambling resort opens in one of the surrounding areas, it could “endanger both the racetrack and Ontario's horse racing industry,” according to an article in the Toronto Star.

Nick Eaves, chief executive of Woodbine Entertainment, said in an interview with the Star on Monday that the racetrack's survival “hinges on having a casino.” Woodbine employs 7,500 people, which includes some 5,000 at the racetrack itself.

Eaves indicated that Woodbine, which currently operates slot machines at the facility, will not be able to compete unless it can expand into a full casino with table games.

“Our greatest fear and our greatest threat, and frankly the city's greatest threat, is that a casino will get built in Vaughan or Markham or Mississauga or Brampton or one of those municipalities,” Eaves said.

“If that were to happen and Woodbine wasn't able to expand (to a full casino), we're . . . very fearful for what that would mean to our business.”

Read more in the Toronto Star

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