The gaming and entertainment company tapped to run and build casinos in the northeast announced moments ago that it has signed a deal with True North Strong to put a casino on The Kingsway as part of the proposed event centre.
Gateway Casinos & Entertainment (Gateway) announced it has signed a letter of intent with Dario Zulich’s True North Strong to become part of the proposed development.
Gateway said it plans to build a premier casino and entertainment property at this location.
In a press release, Gateway said the proposed casino and entertainment property will feature “a spectacular gaming floor and multiple dining and culinary options to suit any taste.”
The company said it plans to spend $60 million on the project in a deal it says will create up to 250 new jobs, growing Gateway’s work force in the Nickel City to more than 400 workers.
The project will result in approximately 700 person-years of construction employment, Gateway said.
“Gateway is very excited to take this important step forward in bringing a major investment and up to 250 new jobs to Greater Sudbury,” said Keith Andrews, senior vice president and managing director of Ontario for Gateway. “The True North Strong proposal envisions creating a vibrant regional entertainment district. A Gateway property in the district is a perfect complement to this dynamic development.”
Gateway took over operations of the Slots at Sudbury Downs on May 30. If the True North project goes ahead, gaming operations would be transferred to The Kingsway from Chelmsford.
The company said municipal consent is needed for the project to go ahead.
In a news release, Gateway anticipates the property will open in the spring of 2020. In the interim, it will continue to work with the track owner at Sudbury Downs as Gateway takes over the day-to-day operations.
Gateway has previously said it plans to invest more than $300 million to develop its operations in in northern and southwestern Ontario. Expect more details on Gateway’s plans for its operations in the city in the coming weeks.