A report from the Ontario Strategic Horse Racing Review Panel that could dramatically change the economics of the horse industry in Ontario is about to be submitted soon and it is expected that it would have a profound effect in the way racing is being regulated at the present day.
The Review Panel will submit its report to Ted McMeekin, minister of government and consumer services. On it, they will propose the government the need to renew the racing industry and also the measures aimed to bring back the profitable development that the horse racing industry needs.
This whole issue started when the government approved the installation of slots machines in race tracks in an attempt to concentrate gambling in confined placed instead of allowing the construction of new Casinos. Ten years later these measures have converted the business of slots in a much more important one than the business of racing and betting and attendance to races has dropped.
The measures proposed in this report are supposed to affect thousands of families and change the way in which horse racing is funded, marketed and regulated in the Ontario area in order to recuperate all the work that has been lost in the last few years.