Gateway Casinos and Entertainment Limited revealed that it has plans to open a casino in North Bay, Ontario. The precise location has not been named, but it is known that it should start working in Q1 of 2020. The info was delivered in the US Securities and Exchange Commission documentation that the Gateway Casinos provided. The Cascades Casino in North Bay will include a 37,000-square-foot facility. It will house a gaming floor of 14,100 square feet and include 10 table games and 300 slot machines.
Additional amenities would include two different types of restaurants. The price for the entire project is set at $31 million. As for the location, there are some ideas where it could be placed. Rob Mitchell, a spokesman for the Gateway Casinos earlier addressed rumors that the spot is Pinewood Park Drive. He said that the spot has not been finally decided but that the reveal will come once the company completes its paperwork.
The city did re-zone the property near the Pinewood Park Drive precisely for a casino, but the company does not see it as its first choice. Gateway Casinos previously signed a 20-year agreement for the North Gaming Bundle that includes OLG Casinos located in Thunder Bay. At the same time, the casino operator stated that its plans for a Sudbury casino might become stalled because of legal challenges the $55 million project facts.
The Sudbury Setup
Earlier this year, the Sudbury council provided the re-zoning that was needed for the Kingsway Entertainment District. This location should include a hotel, casino, and an arena venue. The last facility will cost $100 million and will be financed using the city taxpayer funds. Not surprisingly, the initiative has its numerous critics. Some of these field challenges with the Sudbury Planning Appeal Tribunal. After them, the process of hearings related to the same challenges started.
However, there is no known date when the tribunal will come to its decision and whether the initial re-zoning will be kept. In theory, the Gateway Casino project could be scrapped at this location, making the company taking a defensive posture. In all likelihood, the project will be scrapped if the casino operator determines that the legal gauntlet is just not worth the effort. In that case, the company would concentrate on its other developments in the same region.
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