A Racetrack Association is required to declare all ownership interests in the racetrack and provide any changes to this information to the Alcohol and Gaming Commission of Ontario (AGCO). All ownership entities must be declared and any person or entity owning 5 percent (5%) or more are subject to a due diligence investigation to determine suitability for licensing. Any potential change in ownership must be submitted to the ORC in advance of the change occurring. Notification is to be provided in writing, accompanied by completed Personal History Reports (for individuals) and/or Corporate Disclosure Forms (for Corporations or other types of registered businesses).
Licensing Changes in Ownership
Racetrack owners must let the AGCO know of any ownership changes. Learn more about what you need to do.