Published:
December 18, 2009 11:08 am EST
Reports indicate that Ontario's provincial Liberal government is "shopping around" the Ontario Lottery and Gaming Corporation and will sign deals with two financial institutions to perform preliminary research on privatizing the Crown corporation
.
According to an article in today's Toronto Star, Premier Dalton McGuinty is "displeased" by the OLG's performance and some insiders point to the recent appointment of Paul Godfrey as OLG's Chair that there could be a sell-off.
Sources close to The Star "confirmed that a small contract would soon be signed with CIBC World Markets and Goldman Sachs to research the value of Crown assets."
The OLG operates the slots-at-racetracks program in Ontario.
To read the full article, click here.
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is it not bad enough that
is it not bad enough that godfrey ran the blue jays to hell now he is going to try to run the olg and maybe take racing right out of the slots.everyone knows racetracks dont want to race, only take in the slot money. privatization of the olg will only make this easier.
what happens when they spend
what happens when they spend all this money? It is like burning the furniture to keep warm.