Great Canadian Gaming Corp. (GC.TO) said Friday that it has signed definitive agreements with the Government of Ontario for horse racing transition funding.
The funding will provide support to continue horse racing at the company's Georgian Downs and Flamboro Downs racetracks for up to two years beyond March 31, 2013 as Ontario's horse racing industry adapts to a more sustainable model.
Under the terms of the agreements, the company will receive transition funding from the provincial government for track operations at its Georgian Downs and Flamboro Downs racetracks.
In the twelve months ended March 31, 2014 , the company expects that Georgian Downs will run about 25 race days over a three-month period and Flamboro Downs will run about 100 race days over a six-month period.
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