The Ontario government says it wants to bring as many as three new resort-casinos to Niagara Falls.
The Ministry of Tourism, Culture and Gaming put out a call Wednesday to experienced casino operators to submit proposals within the next 36 days. Those selected would be allowed to develop a resort-casino in the Falls for an initial term of 30 years.
The province says casino operators will have to make a minimum investment of $1.5 billion [US$1.1 billion] and would have to pay $100 million [US$71.5 million] as an entrance fee.
The Ford government says this initiative will bring more than $3 billion [US$2.1 billion] in gaming investment and another $600 million [US$429 million] in other private sector investment to Niagara over the next 20 years.
