Following an agreement with the Board of Directors, an announcement has been made by Peter M Deeb, Chair of the Ontario Lottery and Gaming Corporation (OLG), which confirms that CEO Stephen Rigby is set to leave the organization.
With five years under his belt at the helm of OLG, Rigby will be remaining in the CEO role until the summer and is set to work alongside the new leadership to ensure a smooth transition following the identification and acquisition of his 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.”
In addition to this, throughout his time as 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.
Moreover, four new facilities in Belleville, Peterborough, Chatham, and Sarnia were also open during Rigby’s reign as CEO, with him also overseeing the start to construction for new casinos in Pickering and North Bay, as well as the Niagara Falls Entertainment Centre.
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.”
