OLG modernization falters, report finds

Date:

As many as 3,500 lottery and gambling sector jobs were set to vanish in Ontario under the former McGuinty government’s plans to overhaul the industry – a grim statistic that was not revealed to the public, the province’s auditor says.

Ontario also stands to reap just a fraction of the profits initially promised from what the auditor has called “overly optimistic” financial projections, casting fresh doubt on the government’s goal to erase the provincial deficit by fiscal 2018. The deficit will be revealed in this Thursday’s budget.

Read full article here.

Karen Howlett – Globe and Mail – April 28, 2014.

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE VAPING

Industry Plot? | FDA Commissioner Denigrates Tobacco Harm Reduction | RegWatch

Does the regulator responsible for overseeing tobacco products in the U.S. believe in the practice of tobacco harm reduction? According to FDA Commissioner Robert...