Western Fair District CEO Hugh Mitchell told CBC News he supported Gateway's expansion of the fairground casino. Mr. Mitchell compared this situation to a triple bet in which the wager had to predict whether to end in the order of three horses. In other words, the chances of winning are really small, but if the betting man makes an accurate prediction, the price is really big.
West London's Fair Trade Commissioner explained that the deal could be a win-win for both sides as it breathes new life into horse racing and brings financial support to the region. Canadian gamblers are not interested in horse racing, but annual leases for gambling are what energizes traditional equestrian sports.
"It's possible within a certain limit," Mitchell said of Gateway's demand for negotiating affordable rents, explaining that "Gateway may find it meaningless to pay such high rents, and the West Fair District is ready to discuss this." Mr Mitchell reminded gambling operators not to forget that the new rent rates should also be in the interests of the Western Fair District.
Complicating matters further is the fact that the fairgrounds are jointly owned by the West Fair District and the City of London. This means that all three parties must find a reasonable agreement. Mr Mitchell told CBC News that the casino expansion project aims to benefit cities and people.
Details of Gateway's Casino Project
Gateway announced earlier this year that it was interested in expanding its footprint in London, whether in the Western Fair district or not.Gateway announced plans to establish a full-fledged casino in London's Western Fair district. Gateway announced plans to expand its casino shortly after it acquired its gambling business in Southwest Ontario. The Gateway is expected to be three times larger than the existing one. However, this complex entertainment facility is more likely to have casino slots in existing gambling houses.
