Ontario's OLG group appoints Basi as new CFO
Ontario’s state-run gaming and lottery operator, the Ontario Lottery and Gaming Corporation (OLG), has appointed Pinder Basi as its new chief financial officer.
Basi (pictured), who begins his new role with Ontario Lottery and Gaming Corporation (OLG) today (1 February), previously served as the executive vice president and chief financial officer at retailer Mastermind Toys.
Basi replaces outgoing CFO, Lisa Bell-Murray, who is retiring after 30 years with the Canadian province’s crown agency, which conducts and manages land-based gaming facilities, province-wide lottery games and internet gaming.
“Pinder is an experienced executive with a proven track record in finance and business with a focus on growth, profitability and collaboration,” said Duncan Hannay, OLG’s president and chief executive. “His successes in large transformations will be an asset as we work together to position OLG for a post-pandemic recovery, digital growth, and new opportunities to maximize value for our customers and the people of Ontario.”
Basi’s arrival comes as OLG prepares for major changes to gaming in the province, with the regional government set to introduce new legislation seeking to end the operator’s current online gambling monopoly.