Fort Erie, Dresden Tracks Sign Deal For ‘Additional Financial Support,’ But Not Slots

The Ontario Minister of Finance’s office issued a press release on Friday announcing that both “Fort Erie and Dresden race tracks elected to receive additional financial support for horse racing operations but declined to accept slots at those facilities.”

According to niagrathisweek.com, the Ontario Lottery and Gaming Corporation and the Fort Erie Live Racing Consortium signed a deal regarding the financial support of the province’s horse racing industry, but all parties signed non-disclosure agreements so the exact details are unknown at this time.

“Being bound by the non-disclosure confidentiality agreement, the FELRC cannot disclose details of the offer until granted permission, it can be said however, that the Board deliberated at length and the only clear path to meeting [our goals], namely bolster horse racing and ensure horse racing is more sustainable, was to accept the offer that they believe had the greatest benefit,” reads the prepared statement. “Equal deliberation was had by the Board as to the community expectations and significant disappointment that would result from their choice of options. The FELRC Board is confident that, given the offer and conditions they were presented with, that any reasonable person under those circumstances would have chosen the same path.”

Read more at niagrathisweek.com.

The post Fort Erie, Dresden Tracks Sign Deal For ‘Additional Financial Support,’ But Not Slots appeared first on Horse Racing News | Paulick Report.

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