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Gateway to invest $200 million in Casino, London Ontario

Gateway to invest 200 million in Casino London Ontario

After concluding a deal with the Ontario Lottery and Gaming Corporation (OLG) Gateway Casinos & Entertainment Limited plans to invest $200 million in a full-fledged casino in London, Ontario. Gateway, Canada’s largest gaming and entertainment company recently stated that the company is in the process of working through the plans.

It has signed a 20-year casino operation and services agreement (COSA) with the OLG, as well as buying the business and assets of the Southwest Gaming Bundle worth $200 million.  He bundle incorporates slots in, London, Woodstock, Clinton, Dresden, and Hanover and a casino in Point Edward.

The company has recently said: “While we will have more to say in the coming weeks and next month, we’re planning a major gaming and entertainment property in London that will be a significant investment and in fact our largest development in Ontario.”