Peter M Deeb, Chair of the Ontario Lottery and Gaming Corporation (OLG), has announced that President and CEO Stephen Rigby is set to leave the organization following an agreement with the Board of Directors.
Having had five years at OLG’s helm, Rigby is set to remain in the role of CEO until the summer, working with new leadership to ensure a smooth transition following the acquisition of an adequate replacement.
A statement from Deeb read: “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 $1.7bn in 2015 to nearly $2.5bn and are on track to attain over $3bn by 2022-23. This growth reflects a healthy and thriving land-based gaming, lottery and digital business.”
During his tenure as group CEO, Rigby also oversaw the selection of four operators to manage day-to-day operations of casinos, expend capital and invest in Ontario’s communities. It proved to be one of the largest public-private partnership projects in Canadian land-based gaming.
Moreover, Rigby was also at the helm for the opening of four new facilities in Belleville, Peterborough, Chatham, and Sarnia, with construction also currently well underway for new casinos in Pickering and North Bay, as well as the Niagara Falls Entertainment Centre.
In addition to this, OLG also witnessed growing returns in regards to its lottery business throughout Rigby’s tenure, with sales having hit an unprecedented $4bn under his leadership.
Deeb concluded: “As Chair of the Board of Directors, you have my assurance that OLG’s commitment to its business and stakeholder partnerships, and dedication to world-class gaming entertainment is unwavering, today and in the future.
“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.”