The company signed a 20-year long-term contract with OLG. OLG Co-Invest $320M In Expansion And Modernization Of Rideau Carleton Raceway, Hard Rock Acquires 51% Of Rideau Carleton Raceway. Hard Rock has expanded its game table to 21, increasing the number to 250 this week.
The city council announced that it would approve the casino expansion if the casino was built on a racetrack and the number of table games was limited to a maximum of 21. In mid-May this year, casino operator Hardrock International officially announced that it would bet on the Canadian gambling market. The company entered a bidding war for Lido Carlton Raceway in Ottawa, the capital of Canada. The company planned to make the most of the Canadian gambling market and to make the most of gambling venues with hidden potential.
After winning the long-awaited Lido Carlton Raceway, the casino operator signed an agreement with OLG for the day-to-day operation of the raceway, which led to the acquisition of Lido Carlton Raceway by the casino operator. The multimillion-dollar expansion project was announced as a joint venture between the two companies that agreed to invest a total of $320 million.
Hard Rock to evade Ontario's law
However, it turns out that things are moving in an unexpected direction, and Hard Rock is quietly trying to get approval to install 35 gambling tables instead of 21 by bypassing the Land Use Act as originally promised. According to reliable sources, the new owners of Lido Carlton Raceway have asked the city's mediation committee to approve 67% of the gambling allowance. The City Coordinating Commission allows rockers to make decisions that are not subject to public scrutiny, which is considered a difficult means to achieve.
The news came out of the blue to councillors unwilling to approve Hard Rock's request. OLG, which is known to be in charge of the provincial gambling industry, also gave a thumbs down to the added game table, and the agency said in an email that Hard Rock was obliged to present a detailed model of the project to OLG. The agency added that prior to the installation of the gambling table, Hardrock must receive a green from the public commission and will submit an operator's request for coordination .
