Wynne to announce new funds for horse racing as regulator steps down

Date:

The horse-racing industry in Ontario will receive new funding of $400-million over five years, as part of a restructuring plan to support tracks and breeders.

Premier Kathleen Wynne laid out the new blueprint Friday at the Grand River Raceway north of Guelph. All told, about $1-billion in financial support will be funneled to the industry over the five years, enough for 900 racing days annually.

The total funding includes rent paid by the Ontario Lottery and Gaming Corp. to racetracks that operate slot machines.

Read full article here.

Renata D’aliesio, Karen Howlett & Adrian Morrow – Globe and Mail – October, 10 2013.

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