LISTEN: Vaughan Possible Casino Contender
A new player has come to the table in the casino game - Vaughan.
The GTA municipality is taking a gamble, adding itself to the list of Toronto, Mississauga and Richmond Hill/Markham as areas that could host a new facility.
The zone on the OLG expansion map is in lower Vaughan, north of Steeles Ave and centred around the 400, placed right by the York-Toronto subway extension.
Finance Minister Charles Sousa says the new addition doesn't mean the Toronto casino dream is dead. He underlines the map is always changing, depending on if a municipality expresses interest or not.
OLG Spokesperson Tony Bitonti says a smaller portion of Vaughan had always been a consideration but they expanded the potential location officially a few weeks ago. He says a part of that decision was based on expanding infrastructure like the subway extension and the proximity to highways.
Sousa points out a Vaughan facility would likely be different than what's proposed in Toronto, which is about not just gaming but also a convention centre and entertainment venue. Bitonti says while it would be smaller than a Toronto venue, it would probably still be a $1 billion investment.
The finance Minister says when it comes to a casino alone, Vaughan would likely be able to rake in just as much money for the province as anywhere else in the GTA.