All bets are on in Wasaga Beach.
On Oct. 11, Mayor Brian Smith announced Gateway Casinos and Entertainment Ltd. will be building a casino and entertainment complex at Wasaga Beach. The town has yet to determine exactly where the new complex will be located.
“This is absolutely delightful news for our community,” Smith said, in a news release. “Our team at town hall has worked diligently with Gateway the last four to five months to ensure Wasaga Beach was the chosen location for a casino.”
Smith says he’s grateful Gateway has chosen to invest in the “greatest waterfront small town in the world” and is thrilled with the jobs the casino will create for local residents.
The new complex will also bring additional property tax revenue for the municipality, as well thousands of new visitors to the community every year.
“We anticipate around 400 well-paying jobs due to the casino and that is fantastic news for people who live in Wasaga Beach,” the mayor said. “I am also excited by the fact our town can expect a dependable revenue stream from the casino, anywhere from $1.5 million to $2 million annually. For a town that is already in superb financial shape, the additional revenue from the casino is icing on the cake.”