Just to add another perspective to the concept of a Toronto casino, from Niagara's POV:
http://www.niagarathisweek.com/article/1315624--toronto-s-gain-niagara-s-loss
Toronto’s gain Niagara’s loss
News that Ontario Lottery and Gaming plans to build a new casino in Toronto and close “under-performing” casinos in the province is bad news indeed for Niagara.
This region has seen thousands of decent paying jobs go up in a whiff of smoke in recent years, as long-time, major employers pulled the plug for good. Many of those people who lost their jobs are no doubt among the thousands of people working at Niagara’s two casinos, Casino Niagara and the larger, fancier Fallsview Casino.
But those casinos have faced serious challenges in recent years, with border security issues, competition from new casinos across the river and a Canadian dollar now at par with the U.S. greenback eating into business.
As part of its plans to overhaul gambling in the province, OLG may well be planning to close one of Niagara Falls’ casinos.
Finance Minister Dwight Duncan, who made the announcement on Monday, said the changes — including expanding the sale of lottery tickets — will increase OLG revenues by more than $1 billion a year. He said they will create more than 2,300 net new jobs in the gaming industry, and nearly 4,000 additional jobs in the hospitality and retail sectors within a few years.
But it’s a sure bet Niagara won’t be celebrating any time soon. A new Toronto casino will most certainly mean the end for at least one of our casinos, which — for better or worse — have become the place of last resort for employment for many Niagara residents. It would also mean removing the reason for Toronto residents to come here to gamble, eat in our restaurants, shop in our shops and visit our attractions.
It would also become direct competition for our remaining casino, and could be a major blow to Niagara’s all-important tourism and hospitality sector.
If there’s any region in Ontario that doesn’t need yet another major blow, it’s Niagara. This region has struggled with one of the highest unemployment rates in Canada and the number of people on welfare has soared 41 per cent since the 2008 recession hit, new statistics from the Region show.
The OLG can talk all it wants about how the planned changes will boost revenue and create jobs, but the exact opposite will likely be seen in Niagara. The OLG will be cutting off its nose to spite its face.