Great Canadian Entertainment are poised to launch their eagerly anticipated billion-dollar casino resort in west Toronto. Although an official date has not be set for the behemoth project, the company have released a statement specifying key details about the impending entertainment space.
The monumental enterprise is set to be Canada’s largest casino resort. Packed full of activities and attractions, including the focal point of “modern Vegas-style” gambling in the form of over 4,800 slot machines and more than 145 table games. An integrated 400-room hotel and a 5,000-seat live entertainment venue along with a plethora of on-site dining options.
Due to be situated adjacent to Woodbine Racetrack, the several years leading up to this gargantuan resort have seen great anticipation grow even larger. This includes interest from the racetrack itself. The operators of Woodbine, WEG, stated that they “envision a new community in the area” with both parties planning to work hand-in-hand with each other.
Gambling in Canada
It is little wonder just why a partnership on this scale is welcomed, with Canada’s revenue from gambling ranging in the tens of billions, an overwhelming majority of that is generated in Ontario. Having both these attractions within such close proximity creates an even larger attraction representing activities holding 25% of the gambling market share in Canada. Only lottery and online gaming possess a larger market share individually when compared to sports betting and casino resort activities which include table games and slot machines.
However, this does raise the question of how lucrative land-based gaming will continue to be, especially with the recent uptick in online gambling being a significant factor in Canada. Perhaps a shift back to exponential growth for land-based gambling enterprise will be driven or at the very least benefit this massive new resort. This is not to say the land-based gambling industry is suffering, rather than reaching a plateau which could be seen as a worry for a project of such a sheer ground-breaking scale.
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