As per the reports suggest Genting Group failed to win its bid to secure a casino venue in Canada. The Great Canadian Gaming Corp and Brookfield Business Partners are selected to run Toronto’s gaming sites by the Ontario Lottery and Gaming Corp.
According to the research group, UOB Kay Hian Malaysia, Keeping the latest developments in mind, it looks like the Genting Group may have lost the opportunity to invest in the Canadian market.
The deal will see the two business partners of the Great Canadian Gaming Corp and Brookfield Business Partners and will obtain OLG slots Woodbine, Ajax Downs and the Great Blue Heron Casino which is there in the Mississaugas of Scugog Island First Nation.
Both the companies will operate the three land-based casinos together which has more than 4000 slot games and 60 table games, like poker. The partnership duo defeated Canada’s Brookfield Asset Management and American company Caesars Entertainment in final bidding round, along with Genting Group.
Genting recently revealed that it might not have won the bid, but it recently won the rights to open a brand new $4 billion venue in Las Vegas, which will open in 2020.