The Woodbine Entertainment Group has announced a significant
restructuring of its operating model in order to reduce costs and
While WEG recently announced new transitional agreements with the
Ontario government and the Ontario Lottery and Gaming Corporation, the
revenue from those agreements will be significantly less than WEG earned
through the slots-at-racetracks partnership which will expire March 31.
WEG's operating model, both on-track and off-track, will be realigned
to better reflect the new agreements with government and the OLG and
its recently announced reduced race schedules of 133 days (down from 156
last year) for the Thoroughred meeting and 183 days for Standardbreds
(down from 211).
Internal operations are being downsized or amalgamated to align with these new financial realities.