The proposed model includes a plan to allocate funding over an initial 7-year term, followed by extensions of two 5-year terms at the option of Ontario Lottery and Gaming. The decision to extend funding by the two additional 5-year terms will be based on an assessment of financial and operational performance of the Racetrack Alliance. Horse racing requires long-term decisions and business planning, for all aspects including the breeding and purchase of horses, and investment into racetrack and customer improvements. It is vital that the criteria used to assess funding term extensions be as transparent and achievable as possible.
Ontario Racing Releases Long-Term Funding Recommendations
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