2 March 2006

Ajax Downs (formerly Picov Downs) looking good

New gambling facility to target locals in Ajax

CTV.ca News Staff

A new racino in Ajax held a pre-opening VIP reception on Tuesday to showcase the venue that is expected to generate about $2 million a year in revenue for the city and $1 billion for the province.

Ajax Downs, a 75,000-square foot gambling operation features 200-slot machines, a bar and a lounge -- in addition to the existing racetrack.

The facility, a short drive east of Toronto, is also slated to create 200 jobs and lure local gamblers.

Since Sept. 11, border slowdowns, new American casinos, Internet poker and a stronger dollar have crippled the Canadian gaming industry that heavily relies on American patrons.

"Many of these border areas are very concerned about layoffs in the gaming sector," MPP Tim Hudak said Tuesday. "People are just not coming across the border like they used to."

The racino will open this weekend.

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