OLG began review of racetracks’ spending of slot revenues in 2010

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Ontario’s gambling agency launched a review of Woodbine Entertainment Group and other racetrack operators in 2010, demanding that they provide proof of how billions of dollars from government-owned slot machines had improved the horse-racing industry, reveals a letter obtained by The Globe and Mail.

Paul Godfrey, then six months into his post as chairman of the Ontario Lottery and Gaming Corp., wanted to introduce more stringent governance practices throughout the agency, according to sources.

He sent a letter dated July 29, 2010, to track operators, asking them to submit reports outlining how they had spent slot revenues. He also advised new reporting standards were in the works to address accountability gaps.

Read the full article here.

Renata D’aliesio & Karen Howlett – Globe and Mail – September 30, 2013.

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