Auditor General Criticizes OLG’s Choice for Niagara Casinos Operator
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Mohegan Gaming & Entertainment won the keys to Niagara Fallsview Casino Resort and Casino Niagara despite better bids from other applicants. Hard Rock and Caesars Entertainment came up with better terms and would have provided significantly higher direct capital investment.
The Auditor General's report criticizes the OLG's choice for Niagara Casinos Operator. The city of Niagara Falls was not involved in the selection process. MGE has invested CA$32 million to upgrade the properties. The Auditor's team organized a sting operation to probe anti-money laundering protocols at four Ontario casinos. She also looked at slot-machine payouts. Neither the OGC nor Alcohol and Gaming Commission monitor the payout. They are entrusted to casino operators to report any problems.
Auditor General criticizes OLG’s choice for Niagara Casinos Operator. Ms. Lysyk also reviewed Ontario”s brand-new iGaming market for third-party operators. In its first three years of operations, the new regime will bring in CA$75 million in revenue for the province“s reserves.
