Gateway Casino Woodstock Jobs
TORONTO, Sept. 25, 2020 /CNW/ – Since the beginning of the COVID-19 pandemic, the Government of Canada has taken action to protect jobs and promote economic growth.
Today, the Canada Enterprise Emergency Funding Corp. (CEEFC) announced its first loan under the Large Employer Emergency Financing Facility (LEEFF). The agreement provides Gateway Casinos & Entertainment Limited with access to $200 million of liquidity.
Position at Gateway Casinos Job Type: Casual/ Relief/ Part-Time/ Full-Time The Gateway to Your Future In this key role, you will be an integral part of the security team, ensuring Gateway's staff, property, company assets and valued guests are secure and protected at all times.
In May 2017 Gateway Casinos took over 9 properties in Southwest and North Ontario. In March 2018, Gateway then announced it had also been selected by the Ontario Lottery and Gaming Corporation (OLG) as the service provider for the Central Gaming Bundle. This includes OLG Slots at Georgian Downs, Casino Rama Resort and a planned new build in Wasaga. Woodstock, ON $18 - $25 an hour Solid COVID19 protocol and Surgically Clean Air filters throughout the office to insure staff and patient safety. Job Types: Full-time, Permanent. Reviews from Gateway Casinos & Entertainment Ltd. Employees about Gateway Casinos & Entertainment Ltd. Culture, salaries, benefits, work-life balance, management, job security, and more. Search 28 Casino Jobs jobs now available in Ontario on Indeed.com, the world's largest job site.
Other applications for LEEFF financing are currently under consideration. To protect the financial interests of taxpayers, rigorous due diligence is required.
LEEFF is intended to provide bridge financing to Canada’s largest employers, whose needs during the pandemic are not being met through conventional financing. It provides large Canadian employers with access to credit in order to preserve jobs and continue operations during this challenging period.
CEEFC will maintain an updated list of approved LEEFF loans, which can be found here https://www.ceefc-cfuec.ca/approved-loans/. Key terms of the LEEFF loan facility can be found at https://www.ceefc-cfuec.ca/leeff-factsheet/.
Quotes
“LEEFF was created to provide bridge financing to Canada’s largest employers whose needs during the pandemic are not being met through conventional financing, and to help protect Canadian jobs during a period of unprecedented challenges and uncertainty. With this first loan, we are supporting thousands of Gateway employees and their families by providing the company with the liquidity it needs to begin to resume operations and return to profitability.” – David Mansell, CEO, Canada Enterprise Emergency Funding Corp.
“COVID-19 closed businesses across Canada, with the hospitality and entertainment sectors severely affected. It hit our employees and their families and communities hard. The LEEFF financing will support restarting our operations and returning people to work when it is safe and viable to do so. We are appreciative of the LEEFF program and, through a successful and sustainable restart of operations, we will bring jobs back and begin the work of repaying the LEEFF facility.” – Anthony Santo, CEO, Gateway Casinos & Entertainment Limited.
Quick facts
- Gateway Casinos & Entertainment – which has properties in British Columbia, Ontario, and Alberta – has 8,000 employees. Most have been inactive due to the pandemic and its effect on operations. The LEEFF loan will allow Gateway to start bringing employees back on board as properties reopen in accordance with local and provincial guidelines. Gateway operates 26 properties in British Columbia, Ontario and Alberta.
- LEEFF is open to all large, for-profit Canadian employers–who have a significant impact on Canada’s economy and provide millions of jobs to Canadians–with the exception of companies in the financial sector. Generally speaking, that means a company must have more than $300 million a year in revenues and require a loan of at least $60 million.
- Certain not-for-profit enterprises, such as airports, may also be eligible. Any company that has been found guilty of tax evasion is not eligible.
- Companies that receive a loan through LEEFF must agree to sustain their domestic operations, make reasonable commercial efforts to minimize the loss of jobs, and demonstrate a clear plan to return to financial stability. They must also agree to place restrictions on executive compensation, dividends, and share buybacks and publish annual climate-related disclosure reports indicating how their future operations will support environmental sustainability and Canada’s climate goals.
SOURCE Canada Enterprise Emergency Funding Corporation
Gateway Casino Woodstock Jobs Ga
For further information: CONTACTS: For media inquiries please contact: Canada Enterprise Emergency Funding Corporation, Media Relations Team, media@ceefc-cfuec.ca; Gateway Casinos & Entertainment Limited, Tanya Gabara, Director, Public Relations, tgabara@gatewaycasinos.com
Gateway Casino Woodstock Jobs Ontario
Related Links