CTV News has learned that Gateway Casinos has closed a deal to build a casino in North Bay.
It's going up on a seven-acre parcel of land in the south end of the city.
Gateway says the proposed new casino will be built just off Highway 11, adjacent to Nipissing Junction on Pinewood Park Drive.
The company says it will feature a mix of slots and table games, and will create jobs.
Construction is to begin this summer, and should take 12 months.
North Bay Mayor Al McDonald says the development will be a good thing for the city.
"We welcome Gateway to the community. Their casino development will bring new jobs to the area and significant economic spinoffs," said McDonald.
Gateway is currently building a casino in Chatham and has approval for one in Wasaga Beach.
The company says it remains firm in its plan to build a $60-million casino in Sudbury as well.
