Gateway Casinos and Entertainment have signed a letter of intent to become a part of the True North Strong development on the Kingsway and plan to build a 60 million dollar facility on the property.
Gateway took over the northern bundle of casinos on May 30th and now plan to build a premier casino and entertainment property at the location.
Sudbury developer Dario Zulich took a leap forward in his plan to build a sports and entertainment district on the Kingsway on Tuesday, as Gateway Casinos & Entertainment announced it had signed a letter of intent with the True North Strong group to become part of the proposed development.
The new operator for casinos across Northern Ontario wants to build a ‘premier casino and entertainment property’ on the proposed True North Strong development.
In a media release issued on Tuesday, Gateway Casinos and Entertainment said it has signed a letter of intent with True North Strong to build a casino.
“Gateway Casinos and Entertainment Limited is the leading gaming and entertainment operator in Canada,” said Zulich, True North Strong president.
“We believe that when combined with a new event centre and hotel/convention space, this new, full-service, upscale casino will be a valuable and exciting addition that will complete a multi-faceted regional entertainment district.”
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In addition to the long-term investment, the project will result in approximately 700 person-years of construction employment.
“Gateway is very excited to take this important step forward in bringing a major investment and up to 250 new jobs to Greater Sudbury,” said Keith Andrews, Gateway vice president and managing director of Ontario operations.
“The True North Strong proposal envisions creating a vibrant regional entertainment district. A Gateway property in the district is a perfect complement to this dynamic development.”
“It’s been a lot of hard work to see things come together, but they are coming together and it’s exciting to see the potential for a regional entertainment district for northeastern Ontario,” said Andrew Dale, Sudbury Wolves Sports and Entertainment.
Construction will begin once all necessary approvals are complete, including municipal consent.
“I think this is a game changer for the City of Greater Sudbury and really, it’s a sign to the rest of the province and the rest of the country that Sudbury is booming,” said Robert Kirwin, a Sudbury city councillor.