Stephen Rigby hasn’t been at the top job of the Province’s Lottery Corp for all that long, but he’s already calling it quits. Rigby has agreed with the Board of Directors that he will leave the Ontario Lottery and Gaming Corporation (OLG) after five years at the helm. Rigby will remain at OLG until the Summer when a new CEO is confirmed, working with new leadership to ensure a smooth transition.
“The Board of Directors thanks Stephen for his outstanding service as the President and Chief Executive Officer of OLG. During that time, OLG has delivered unprecedented value to the Province. OLG’s returns have grown from $1.7 billion in 2015 to nearly $2.5 billion and are on track to attain over $3.0 billion by 2022-23. This growth reflects a healthy and thriving land-based gaming, lottery and digital business.” stated a release Friday.
“In land-based gaming, we implemented one of the largest public-private partnership projects in Canada. Through an open, fair and transparent procurement, four operators have been selected to manage the day-to-day operations of casinos, expend capital, and invest in communities throughout Ontario” Rigby said. Since 2015, four new facilities have opened in Belleville, Peterborough, Chatham, and Sarnia, with construction well underway for new casinos in Pickering and North Bay, as well as the Niagara Falls Entertainment Centre. So far, $600 million has been invested by the private sector in new capital, creating 500 new gaming jobs. By 2023, these investments will grow to $4 billion, creating thousands of new jobs across Ontario.
“While generating more money for the Province to support critical public services, we’ve also served the broader public interest. We invested wisely in our responsible gambling programs which earned global recognition through the World Lottery Association.” Peter Deeb, Chair of OLG said in a release
Deeb, announced, “I have launched a process to identify a successor to the outgoing President and CEO. We thank Stephen Rigby for his outstanding tenure which positions OLG for continued success going forward.”