From a CNW Group press release:
The future for Casino Niagara was unveiled today, with the finalization of a long-term lease between the Ontario Lottery and Gaming Corporation (OLG) and Canadian Niagara Hotels Inc. (CNHI).
“The McGuinty government has delivered on its commitment to ensure that Ontario not only maintain two casinos in Niagara Falls but also enhance the exciting variety of gaming and entertainment options for Ontarians and visitors alike,” said Kim Craitor, MPP for Niagara Falls, who made the announcement on behalf of the Honourable Dwight Duncan, Ontario’s Minister of Finance and the Minister responsible for the Ontario Lottery and Gaming Corporation.
OLG and property owner Canadian Niagara Hotels Inc (CNHI) announced agreement on a 15-year lease extension for the current location, effective March 1, 2010. The extension provides long-term economic stability for local businesses, employees and communities in the region.
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Tags: Canadian Niagara Hotels, casino niagara, cnh, cnw group, dwight duncan, kim craitor, lease, minster of finance, mpp, olg, olgc, ontario lottery and gaming, ontario lottery and gaming corporation, press release
The other BIG part of this, that wasn’t mentioned in this article, is that Canadian Niagara announced that they will build a 30 storey, 300 room Marriott Residence Inn near Planet Hollywood. The fact that it is already branded seems to indicate that it might actually happen. I wonder if this is a replacement for the Rainbow Tower or in addition to.
much needed GREAT news