New lease agreement means more investment and jobs for Hanover
HANOVER ON – Gateway Casinos and Entertainment Ltd. has announced a new lease agreement with Hanover, Bentinck and Brant Agricultural Society (HBBAS) that will result in an expansion of the existing site with new food and beverage amenities and an expanded gaming floor.
The new agreement signals a long-term arrangement with the HBBAS that will see Gateway occupy space previously known as the Banquet Hall. Gateway will be making a significant investment in the new facility that will create new gaming and dining experiences for customers in Hanover and the surrounding area.
“The town of Hanover really rolled out the red carpet for us,” said Gateway Casinos Senior Vice-President & Managing Director for Ontario, Keith Andrews. “Gateway has developed an excellent partnership with Hanover Raceway and the Hanover, Bentinck and Brant Agricultural Society. We share a common vision of what the raceway and casino can be as a dynamic entertainment destination and we are working in lockstep to make that happen.”
“We are thrilled with Gateway Casinos’ announcement to expand their operations by developing the vacant portion of their current site,” said Hanover’s Mayor Sue Paterson. “The tremendous partnership that exists between Gateway Casinos, Ontario Lottery and Gaming (OLG) and the Hanover, Bentinck and Brant Agricultural Society will generate a positive impact for Hanover and the region through additional investment, jobs, and support of the horse racing industry. We congratulate Gateway Casinos and look forward to assisting with this eagerly anticipated development.”
“The Hanover, Bentinck and Brant Agricultural Society is very pleased to have inked a long-term agreement with Gateway Casinos,” said Randy Rier, President of the HBBAS. “The Banquet Hall will be an excellent location for the new facility and we know Gateway will create a wonderful venue for both gaming and racetrack customers. We look forward to a very successful partnership with Gateway.”
Now that the proposed expansion and new lease arrangement with the HBBAS has been approved by OLG, Gateway is hoping to start construction in the Spring/Summer of this year with completion in the first half of 2019. While construction is underway the existing facility will continue to operate business as usual.
Gateway intends to unveil detailed plans of the new site, including the signature Gateway brands it will establish in Hanover in the near future. The expansion will also mean new employment opportunities for the community.
“The Grey Bruce Peninsula is a developing market for us and we think what we are proposing will create a fantastic entertainment destination for this part of the province and certainly complement standardbred racing at the track,” said Linda McColl, General Manager of Gateway Casinos Hanover.
For more information on Gateway Hanover please go to www.hanover.gatewaycasinos.com