Gateway added that cutting rents was also in the City of London's interest.
And when the industry is booming, the tax revenue is soaring. Rep. Phil Squire said he was willing to review the proposal, assuming the operator provided more detailed information and accurate numbers.
Gateway spokesman Rob Mitchell said yesterday that expanding gambling houses in the Western Fair district was a top priority for operators, with high rents potentially forcing Gateway to abandon its plans. Slot-only casino expansion has a $140 million price tag. The operator expressed interest in building a full-scale casino three times larger than the existing casino.
Mr Mitchell hinted that the operator does not rule out other options in the city, but gave no further details. He said the expansion of casinos is also aimed at reducing unemployment. Currently, the West Fair District employs 300 people, but the number is expected to rise to 1,000. Finally, the expansion of gambling houses is to take advantage of the opportunity to attract people with diverse interests to boost multiple industries and the overall economy.
City officials met behind closed doors today to discuss a lease agreement between the city and Western Fair. Currently, OLG has agreed with London City Hall and Western Fair District to pay about $6 million a year. The contract expires in 2020, and Gateway seeks to renegotiate the terms of the contract, highlighting ground rent rates. It's an interesting fact that this land is jointly owned by the city and Western Fair.
a city official who wants to hear the operator's suggestion
Councillor Squire asked the operator to provide more details and specific numbers, and he announced that his position on the issue was neutral and that he wanted to support only options in the city's best interest. He will therefore estimate whether the rent cut is intended to bring more economic benefits and more returns to the city. Senator Squire added that rent rates can be viewed reasonably with the specific nature of casinos in mind.
I also asked the casino operator if it was to contribute to gambling treatment for downtown problems. 온라인카지노