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  MGM Resorts Finds a New Partner for Toronto Project


 


It was 1974 that the Cadillac Development Corporation Ltd and Fairview Corporation merged to create the Cadillac Fairview Corporation Limited, a powerful North American player in the property management business. It’s headquarters are found in Toronto, Ontario, Canada and it fancies developing a casino and betting mecca right in the town it calls home.


 


The real estate giant has recently announced an exciting partnership with MGM Resorts International. The duo is planning to design, and create, an MGM-branded casino and hotel resort somewhere in their hometown.

Although no firm plans have been officially released, there have been preliminary ramblings of a huge project that includes a permanent Cirque Du Soleil show and a partnership with Fine Living host, and celebrity super chef, Mark McEwan.

The gates were opened last year after the Finance Minister Dwight Duncan and Ontario Lottery and Gaming Corporation chief Paul Godfrey declared plans to create an additional $1.3 billion in annual revenue through the creation of a privately built casino.

But as usual, the plans to introduce anything related to gambling come up against opposition, this time in the form of Premier-Designate Kathleen Wynne.

"I'm not a fan of casinos. I'm not a fan of gambling. And they are here and municipalities have to weigh the pros and cons and they have to make a decision for themselves about whether they want a casino or not," she said.

The tag-team of Cadillac Fairview Corporation Limited and MGM Resorts International are not alone in their pursuit of a location to build a casino and hotel in Toronto, firms like Oxford Properties Group are also interested in such a venture.