Hard Rock International partners with Rideau Carleton Raceway
May 17, 2017 11:55 AM
by Robert Mann
The Ontario Lottery and Gaming Corporation (OLG) announced Monday that Hard Rock International will partner with the Rideau Carleton Raceway as that facility undergoes a multimillion-dollar expansion.
The enhancement of the facility is expected to bring a hotel, a music venue and hundreds of new jobs to the financially stressed Ottawa horse racing and gambling facility.
The two companies are expected to invest more than $320 million to create an “integrated entertainment destination” in the city’s rural south end says OLG.
Hard Rock Casino Ottawa will be 51-percent owned by Hard Rock International, with the rest controlled by the owners the raceway. The deal which is begins later this year is part of a 20-year agreement, OLG said in a release.
The city of Ottawa receives a payment from the OLG slots, which in the last five years has been in the $5-million range. Rideau Carleton Raceway has been in operation since 1962.