A Vegas-style casino resort for $1B will be opened this summer in west Toronto.
Change continues in Ontario's gambling industry. On April 4th, 2022, the province became the first Canadian territory to legalize and regulate online gambling. The number of Ontario online casinos is growing, and now the new Great Canadian Entertainment casino is about to open its doors. What will it be? What will it include? When will it be opened?
The New Casino Resort
The new casino resort will be located at the intersection of highways 401 and 427 in Toronto. This was stated by the leading Canadian gaming and hospitality company Great Canadian Entertainment. The opening is planned for this summer, but there is no official date yet. It is estimated that this Vegas-style resort cost $1B to build and open.
The Great Canadian Casino Resort Toronto, as it will be officially named, is spread over 33 acres. It will include a hotel with 400 rooms and a 5,000-seat entertainment venue, as well as dining options to resemble a true resort complex.
According to the Canadian Casino Resort Toronto's official website, it will feature more than 4,800 slot machines, and the selection will include both penny slots and higher limit games; and over 145 table games, including traditional ones such as baccarat, blackjack, roulette, and the less common Mississippi Stud and Casino War.
Influence on Ontario District
The opening of the new Great Canadian Casino Resort will impact the entire province of Toronto. The area will be established as one of the destinations offering a lot of gaming content concentrated in one place. However, this will not affect the operation of the already existing Casino Woodbine.
"This project has been several years in the making, and we are thrilled that we are close to bringing it to life."
“We see this as an unprecedented opportunity to introduce an entirely new, world-class experience in Canada that will bring together the best in casino gaming, exceptional live entertainment, dining, and accommodation in one very special place.”, said Matthew Anfinson, CEO at Great Canadian Entertainment.
And added: “We are very excited to reveal more about what this landmark destination will feature and what our guests can expect in the coming weeks, including the announcement of an opening date.”
Great Canadian Entertainment
Great Canadian Entertainment was founded in 1982. It is currently Canada's leading hospitality and gaming company. It operates 25 gaming and entertainment facilities located in the territories of Ontario, New Brunswick, British Columbia, and Nova Scotia.
In addition to the company's commitment to investing and offering various opportunities in the territories where it operates, it is working hard on its program called "PROUD". The program is responsible for Great Canadian Entertainment's support of 1,400 charities and not-for-profit organizations. The motto of the program is: "PROUD of our people, our business, our community".
What happens to Great Canadian Entertainment's revenue? A significant portion of the company's gross income coming from games of chance that are part of the gaming facilities are retained by Corona's partners. Why is this done? Corona withholds the funds on behalf of the provincial governments where the gaming facilities are located. The goal is to use the funds to support programs that are related to health, education, and social services in Canada.
Great Canadian Rewards Program
In August 2022, the Great Canadian Rewards program was launched, which is considered one of the company's biggest successes. It serves as a good tool for learning news and upcoming special offers that will be offered not only at the Great Canadian Casino Resort Toronto but also at the other sites owned by the company.
At company-owned resorts, members receive preferential rates when staying at the hotel, as well as other types of discounts and bonuses in the form of comp dollars that can be used at restaurants or credited to play games. This is possible by presenting your Great Canadian Rewards card and joining the group of loyal customers who have such a card is free. This loyalty program connects all 12 destinations located in Ontario and owned by Great Canadian Entertainment.
Great Canadian Entertainment has many partners, but one of the most important is Ontario Lottery and Gaming (OLG). The corporation dates back to 1975 when The Ontario Lottery Corporation (OLC) was established. In 2000, it was merged with the Ontario Casino Corporation (OCC), founded in 1994, and briefly went by the abbreviation OLGC, but since 2006 it has been known by its short name - OLG. It is owned by the Ontario provincial government and is responsible for lotteries, casinos, slot machines, and horse racing tracks.
OLG in collaboration with Great Canadian Entertainment will look after the development of responsible gambling in Ontario at all locations under the company's umbrella. Canadian Casino Resort Toronto is no exception. A PlaySmart Center will be set up in the building to help players gain knowledge about gambling. In addition, the center will provide them with tools through which they can monitor their gambling habits and can build healthy ones so that their experiences are pleasant.
The opening of the Great Canadian Casino Resort Toronto will change the face of gambling in the largest city of the Canadian province. This will be the twelfth destination to appear under the umbrella of Great Canadian Entertainment in Ontario. Company representatives announced that this will happen in the summer of 2023, but the exact date has not yet been announced. This is expected to happen in the coming weeks to allow enough time for the event to gain a good degree of awareness.