Toronto casino could boast multi-million-dollar payoff: consultant report

TORONTO, Ont. – A consultant’s report on whether Toronto should roll the dice on a casino has been released ahead of next week’s executive committee meeting where it will be discussed.

It looks at four locations: the Metro Toronto Convention Centre, Exhibition Place, the Port Lands and Woodbine Racetrack.

It said a casino on city-owned land could bring in between $35-million and $250-million, plus the hosting fee could be anywhere from $32-million and $168-million a year, and could lead to up to 7,300 jobs.

But, the report also included a warning from the city’s medical officer of health who said it will lead to more problem gamblers.

However, police don’t anticipate an increase in crime.

Mayor Rob Ford supports a casino, but many members of council, including some of his allies are against it.

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