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By Le Chiffre (anonymous) | Posted January 23, 2013 at 21:58:19
News Release
Horse Racing in Ontario to Continue
January 23, 2013
McGuinty Government Signs Transition Funding Agreement with Woodbine Entertainment Group
Ontario is another step closer to a sustainable horse racing industry after reaching an agreement in principle to provide transition funding to the province's largest provider of horse racing.
The agreement with Woodbine Entertainment Group will ensure races continue at the Woodbine and Mohawk tracks as the industry adapts to a more sustainable model. Agreements with additional race tracks are anticipated to be reached in the coming weeks.
In order to receive transition funding, racetracks will have to meet accountability and transparency requirements. Providing a number of racetracks with transition funding is part of the government's horse racing industry transition plan, which includes:
• Continuing the Horse Improvement Program http://www.ontarioracingcommission.ca/industry_programs.aspx?id=149
• Providing animal welfare supports.
• Transferring responsibility for the Ontario Racing Commission (ORC) to the Ontario Ministry of Agriculture, Food and Rural Affairs
• Helping the horse racing industry transition to a more sustainable model is part of the McGuinty government's plan to ensure increased accountability for the use of public funds.
QUICK FACTS
Ten race tracks have reached lease agreements in principle with OLG for its slots facilities. Additional agreements with tracks are to be announced in the coming weeks.
The Ontario Racing Commission will work with race tracks to provide a revised 2013 racing calendar as agreements are finalized.
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