Canada hotels record first occupancy decline in three months
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
Great Canadian Entertainment has announced the inauguration of the $1 billion Great Canadian Casino Resort Toronto, Canada’s newest and largest destination casino resort.
The new modern casino and multiple restaurants open at 5:00 p.m. ET on June 20, 2023. This landmark development aims to revolutionize Toronto's entertainment landscape, creating an exhilarating experience for gaming enthusiasts and entertainment lovers alike.
The Great Canadian Toronto encompasses 328,000 square feet of gaming space, including over 4,800 slot machines and 145 table games, solidifying its position as the largest casino in Canada and one of the largest in North America. With an unparalleled variety of gaming experiences, exclusive VIP rooms, and state-of-the-art sports betting kiosks.
Situated adjacent to Woodbine Racetrack, this resort will seamlessly integrate a modern, Vegas-style casino, a 400-room hotel, a 5,000-person live entertainment venue, and an array of on-site dining options. Great Canadian Toronto will deliver superior gaming, entertainment, and hospitality experiences, all within its 33-acre domain, located near the interchange of Highways 401 and 427.
With an investment of approximately $1 billion, Great Canadian Toronto is one of the largest private sector projects currently in Ontario and will generate over $500 million in economic impact. "We are thrilled to announce that our highly anticipated new casino will open on June 20. With meticulous attention to detail, state-of-the-art amenities, and a commitment to exceptional guest experiences, our landmark entertainment resort is a game-changer in Toronto," says Matthew Anfinson, CEO, Great Canadian Entertainment.
Consistent with Great Canadian Entertainment's commitment to responsible gaming, the company, along with its partner, Ontario Lottery and Gaming Corporation, remain focused on promoting safe play to keep the fun in the game. As part of that commitment, the destination will feature a PlaySmart Centre on the gaming floor, filled with engaging interactive tools and valuable responsible gambling resources available for all players.
Casino Woodbine will continue to operate without any interruption until the grand debut of the new Great Canadian Casino Resort Toronto. This seamless transition ensures that guests will continue to enjoy gaming experiences until the new facility opens.
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
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