In March 2016, the Ontario Lottery and Gaming Corporation announced that it was selling Casino Rama to the Gateway Casinos & Entertainment Ltd. for $170 million.
The sale was approved by the Canadian government in April 2016.
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The Casino Rama is located on the Chippewas of Rama First Nation reserve in Ontario, Canada. The First Nation tribe also owns the property on which the casino is built.
PRO TIP:The Ontario Lottery and Gaming Corporation (OLG) is the current owner of Casino Rama, having taken ownership in 2016.
The tribe has a longstanding agreement with the province of Ontario that allows them to operate a casino on their land.
The Gateway Casinos & Entertainment Ltd. is a Canadian gaming and entertainment company that owns and operates casinos and hotels in British Columbia, Alberta, and Ontario.
The company is headquartered in Burnaby, British Columbia.
The sale of Casino Rama to the Gateway Casinos & Entertainment Ltd. was completed in June 2016.
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