Catalyst’s Gateway Casinos expands Ontario gaming portfolio
Vancouver-based gaming company Gateway Casinos & Entertainment Ltd has struck a deal with Ontario Lottery and Gaming Corp (OLG) to acquire the assets of OLG's Central Gaming Bundle. Terms weren't disclosed. As a result, Gateway entered into leases for Casino Rama Resort on Chippewas of Rama First Nation lands and OLG Slots at Georgian Downs in Innisfil. Gateway, which was awarded bundles in Northern Ontario and Southwestern Ontario last year, now operates 11 gaming properties in the province. The deal increases its properties in Canada to 27. Gateway has been owned since 2010 by Canadian private equity firm Catalyst Capital Group.
18 July 2018•5 mins read
