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ARTICLE · 27 MAY 2014

Auditor General Calls OLG’s Modernization Plan "Overly Ambitious" And "Overly Optimistic"

Dickinson Wright PLLC
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The Auditor General of Ontario released a special report criticizing the Ontario Lottery and Gaming Corporation’s Modernization Plan as "overly ambitious".

CanadaMedia, Telecoms, IT, Entertainment
Michael Lipton, KC
Michael Lipton, KC
Kevin Weber
Kevin Weber
Jack Tadman
Jack Tadman
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On April 28, 2014, the office of the Auditor General of Ontario released a special report criticizing the Ontario Lottery and Gaming Corporation's Modernization Plan as "overly ambitious" and "overly optimistic."

The Modernization Plan was released to the public in March 2012 and projected significant additional financial gains ($4.6 billion in net profit to Ontario), capital investment ($3 billion in private-sector capital investment), and employment gains (2,300 gaming jobs and 4,000 new jobs in the hospitality, entertainment, and retail sectors) to the Ontario gaming industry. According to the Modernization Plan, these gains would be achieved by March 31, 2018.

OLG's planned changes included:

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