Ontario Lottery and Gaming Corporation's modernization plan : special report.

"A 2012 plan to modernize the Ontario Lottery and Gaming Corporation (OLG) and generate higher profits for the province was 'overly ambitious' and 'overly optimistic,' Auditor General Bonnie Lysyk said in a Special Report released today ... The Legislative Assembly's Standing Committee on Public Accounts passed a seven-part motion asking the Auditor General to look at various aspects of the Modernization Plan, including the cancelling of the Slots At Racetracks Program. The Modernization Plan was approved by Cabinet and made public in 2012. The Modernization Plan, Lysyk found, presented an 'ambitious best-case scenario', including a significant number of changes designed to raise OLG profits by a total of 4.6 billion dollars between 2013 and 2018. Delays, policy changes and the lack of several municipal approvals resulted in OLG having to dramatically reduce its profit projections."--news release, April 28, 2014.

Includes bibliographical references.

"A 2012 plan to modernize the Ontario Lottery and Gaming Corporation (OLG) and generate higher profits for the province was 'overly ambitious' and 'overly optimistic,' Auditor General Bonnie Lysyk said in a Special Report released today ... The Legislative Assembly's Standing Committee on Public Accounts passed a seven-part motion asking the Auditor General to look at various aspects of the Modernization Plan, including the cancelling of the Slots At Racetracks Program. The Modernization Plan was approved by Cabinet and made public in 2012. The Modernization Plan, Lysyk found, presented an 'ambitious best-case scenario', including a significant number of changes designed to raise OLG profits by a total of 4.6 billion dollars between 2013 and 2018. Delays, policy changes and the lack of several municipal approvals resulted in OLG having to dramatically reduce its profit projections."--news release, April 28, 2014.

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Available from the Office of the Auditor General of Ontario, 20 Dundas St. W., Ste. 1530, Toronto M5G 2C2, phone (416) 327-2381.

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2014

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