This article was last updated on April 16, 2022
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The horse-racing industry in Ontario is anticipated to receive a new batch of funding that will accumulatively sum up to a total of $400-million and will be awarded over a period five years, as part of a restructuring plan to support tracks and breeders. The funding is anticipated to be announced by Ontario Premier, Kathleen Wynne, on Friday at the Grand River Raceway north of Guelph. It has been informed that an estimated $1-billion in financial support will be funneled to the industry over the five years, which is deemed as enough for 900 racing days annually.
The funding is also anticipated to include the rent paid by the Ontario Lottery and Gaming Corp. to racetracks that operate slots machines. Even though the new funding is aimed at restructuring the horse-racing industry in Ontario, it will also see a leadership change at the Ontario Racing Commission (ORC), i.e. a government agency that manages and regulates the industry. Current head of the ORC, who was appointed as the chairman in 2006, Rod Seiling, is anticipated to step down this week, while leaving a year before his term expires in November, 2014.
Industry sources have unveiled that Ontario Premier is under the impression that it’s time for a change of leadership at the ORC, which will see its role diminished. Both spokesperson of ORC, Ray Kahnert, and Primer Wynne’s office declined to comment on the issue. The anticipated announcement of Ms. Wynne on Friday will give horse breeding associations a greater control over their share of the money.
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