Canadian Sin City?
MGM Resorts International is eyeing up Toronto in setting up base for a luxurious entertainment complex, including a casino and hotel. In a move forward in making this a reality, the MGM resort group has already started lobbying city hall for the opportunity.
MGM Resorts International’s development staff recently visited Toronto and has hired a local firm, Sussex Strategy Group, to make its case at city hall, according to a report in Tuesday’s Globe and Mail.
At a meeting last week, MGM associates had information discussions about a casino with Mayor Rob Ford’s staff, a dozen councillors and political aides, with the company exploring a $2 billion to $6 billion investment in the city, the newspaper reported.
“It’s an amazing market, it’s an amazing city,” Alan Feldman, MGM’s senior vice-president of public affairs, told the Globe and Mail. “We’d be prepared to invest an awful lot in the development of the concept.”
The gambling part could be just ten percent of a multi-billion-dollar investment by MGM resorts international.
