OLGC Purchases Niagara Fallsview Casino Resort

On June 30, 2004, the Ontario Lottery and Gaming Corporation (OLGC) purchased from Falls Management Company (FMC) the newly constructed Niagara Fallsview Casino Resort. Construction of the $1 billion Casino Resort commenced in the fall of 2001. Construction financing in the amount of $700 million 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 OLGC was represented by Ingrid Peters, vice-president and general counsel, and by a team from Davies Ward Phillips & Vineberg that included Gerold Goldlist, Gabriella Lombardi, Donald Stanbury and Brian Clark.

FMC was represented by S. Paul Mantini and Juliana Abdo of Bennett Jones. TD Securities Inc., the Canada Trust Company and TD Bank were represented by Gordon Sato, David Woollcombe and Jonathan Gitlin of McCarthy Tétrault.

Lawyer(s)

A. Gerold Goldlist Trudy M. Curran S. Paul Mantini Juliana J. Abdo David E. Woollcombe Rhonda G. Wishart Gabriella Lombardi Leslie F. Matchim Donald C. Stanbury Brian Clark

Firm(s)

Davies Ward Phillips & Vineberg LLP McCarthy Tétrault LLP Bennett Jones LLP