Ontario Lottery and Gaming Corporation ("OLGC") has purchased from Falls Management Company ("FMC") the newly constructed Niagara Fallsview Casino Resort. The Casino Resort includes a full-service hotel, a multi-purpose events centre and retail facilities, in addition to the casino complex.  Commencing in the fall of 2001, construction of the $1 billion Casino Resort was completed on schedule and within budget. Construction financing in the amount of $700,000,000 was arranged by way of the private placement of secured floating rate notes issued by FMC and credit facilities established with The Toronto-Dominion Bank.
The purchase was finalized on June 30, 2004.

OLGC was represented by Vice-President and General Counsel, Ingrid Peters and by a team from Davies Ward Phillips & Vineberg LLP that included Gerold Goldlist, Gabriella Lombardi, Donald Stanbury and Brian Clark.