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The public would have been better served by OLG either holding on to the casinos, given how well they were performing, or by selling them to a bidder whose offer reflected their real value.
Lastly, the government might suggest that the low sale price saves public money by having the OGGTA pay for the modernization of the casinos rather than the taxpayer.
But this is short-term thinking. In effect, the government has denied the public considerable revenue had they paid for the low-risk investment themselves.
As former Ontario premier Mike Harris did with the sale of the , Kathleen Wynne may use the deal to suggest that the government is taking concrete measures to rein in the provincial debt.
But if true, the money received will be little more than a drop in a multibillion-dollar debt bucket, raising further questions about the reasons for the sale.
This is significant given current discussions surrounding the privatization of the LCBO, Ontario Power Generation and eHealth Ontario.
Continued poor-decision making by the Ontario Liberals, especially when it comes to protecting taxpayer dollars, only serves to fuel anti-government, anti-establishment views in the province.
The repeated failure of our government to extract maximum value for its assets undermines public trust in our governing institutions and political leaders, something which is crucial for a healthy and functioning democracy.
David Zarnett has a PhD in Political Science from the University of Toronto. This is a space where subscribers can engage with each other and Globe staff.
Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe. If you would like to write a letter to the editor, please forward it to letters globeandmail.
As guests arrive at the main entrance, a grand lobby with intuitive wayfinding will act as a central hub, directing guests to the casino, racing, hotels and performance venue.
The newly integrated facilities will provide dynamic views with the addition of viewing platforms and amenities including restaurants, lounges, VIP suites and hotel rooms.
The promenade along the racetrack apron will be animated with restaurant terraces and landscaped open spaces. Niagara Falls Platinum Tour from Toronto with Hockey Hall of Fame Admission Ticket.
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Share another experience before you go. Full view. Best nearby. Spotlight Caribbean Kitchen. Fantasy Fair at Woodbine Centre. Get to know the area.
More info. Write a review. Traveller rating. Selected filters. All reviews lots of fun horses. SlotReality wrote a review Aug. Covid 19 warehouse , bums asking for money inside and outside.
Covid 19 warehouse with bums waiting for you to win and beg for money. Bums are also waiting for you outside casino. Always overcrowded and poor food selection.
Table games always full to the point you cant find a table or even walk. SCREENING UPON ENTRY. MANDATORY FACE COVERINGS.
HAND SANITIZER STATIONS. LIMITED CAPACITY. CONTACT TRACING IN EFFECT. BOOK YOUR PLAY SESSION. DOWNLOAD PDF. Further to the City of Toronto announcement on Tuesday, November 10, that certain businesses, including casinos, will be required to remain closed, Casino Woodbine will remain temporarily closed until further notice.
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