By David Helwig
Tuesday, February 24, 2004
Stanley Sadinsky (shown) is out as chair, replaced by Tim Reid, a past president of the Canadian Chamber of Commerce.
Acting Chief Executive Officer Brian Wood, who partook deeply of the festive spirit of Bon Soo's opening night last month and made the acquaintance of many of our local teenagers during his visit, will be replaced by Duncan Brown effective March 13.
Brown previously served as chief executive officer of the Alcohol and Gaming Commission of Ontario.
Wood retains his position as chief operating officer, and in that capacity broke the news to OLGC staff today.
The following news release was issued today by the Ministry of Economic Development and Trade:
McGuinty government announces new leadership at OLGC
TORONTO, Feb. 24 - The McGuinty government is taking positive action to ensure the continued sustainability and responsibility of Ontario's gaming industry by appointing new management and undertaking a full business assessment of the Ontario Lottery and Gaming Corporation, Economic Development and Trade Minster Joseph Cordiano announced today.
"This is an industry that has grown exponentially and we need to appreciate the implications of that growth," said Cordiano.
"We need a full business assessment to evaluate the future of the industry."
Tim Reid has been appointed Chair of the OLGC.
Mr. Reid is a past president of the Canadian Chamber of Commerce and offers four decades of management and advisory experience in government, academic and business environments.
Duncan Brown will assume the CEO position of the OLGC effective March 13.
Most recently, Mr. Brown was CEO of the Alcohol and Gaming Commission of Ontario (AGCO), the regulatory agency that oversees the sale and service of alcohol and gaming activities in the province.
"I have every confidence that Mr. Reid and Mr. Brown have the knowledge and experience to develop an effective, long-term business plan. This is a $6 billion industry - it's important we get it right," said Cordiano.
Stanley Sadinsky has resigned from his role as Chair of the OLGC and has agreed to provide consulting services jointly to the Ministry of Economic Development and Trade and the Ministry of Health and Long-Term Care in the area of problem gaming.
"Ensuring that gaming in Ontario is delivered in a responsible manner is important to this government," said Cordiano.
"We want to assess our problem gaming programming in relation to other jurisdictions and identify best practices to ensure we continue to provide the most responsible gaming to the people of Ontario."
Revenue from gaming activities supports healthcare, municipalities and charitable organizations.
More than 30,000 jobs in Ontario are directly related to gaming, with thousands of spin-off jobs in the tourism and hospitality sectors.