Ontario Lottery and Gaming Corporation representative Jake Pastore was before Wasaga Beach council members Oct. 22 to assure them that despite a change in command at Queen’s Park, there is no delay in the ‘modernization’ plan.
Pastore came to the table to say everything is on track, there is no delay and the OLG zone that includes Wasaga Beach and Collingwood will have its casino.
Point Edward’s take from the waterfront casino for the quarter ending September 30 is just over $668,000.
It’s the latest payment under a new formula announced by Ontario Lottery and Gaming Corporation in May of this year.
The Ontario Lottery and Gaming Corporation issued its fourth-quarter payment of $173,212 to the Municipality of Chatham-Kent for hosting the OLG Slots at Dresden Raceway.
OLG is modernizing Ontario’s lottery and gaming industry, stating it will increase revenue for the province and create jobs, while continuing to support municipalities through a new consistent funding model for those hosting a gaming facility.
The Township of Centre Wellington is $555,039 richer for hosting OLG Slots at Grand River Raceway.
This from the second-quarter non-tax gaming revenue payment from The Ontario Lottery and Gaming Corporation.
Ontario Lottery and Gaming Corp. issued a second-quarter (July to September, 2013) non-tax gaming revenue payment of $356,567 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie.
To date, Sault Ste. Marie has received more than $22 million in non-tax gaming revenue.
Greater Sudbury has received its latest payment from the Ontario Lottery and Gaming Corporation, a total of $622,799 for the second quarter.
The money is the city’s share for hosting OLG Slots at Sudbury Downs. The agreement has been in place since the late 1990s and has earned the city $30 million in non-tax gaming revenue.
The second-quarter payment to the City of Brantford from the Ontario Lottery and Gaming Corp. (OLG) is 3.1% higher than what the city received this summer.
The OLG released the second-quarter amount Tuesday, showing the city will receive $1,328,814 for the period of July to September. The dollars flow from a sliding-scale percentage of overall slots revenue from OLG Casino Brantford, as well as 4% of table-game revenues.
Not bad for two payments.
Niagara Falls received $5.6 million this week as part of a quarterly payment (July to September) from Ontario Lottery and Gaming Corp. for hosting Casino Niagara and Fallsview Casino.
The city received $6.4 million in July — the first payment under a new formula introduced in May that bases compensation on casino revenues.
The Ontario Lottery and Gaming Corp. (OLG) has issued a second-quarter revenue payment of $1.5 million to Hamilton, the city’s share of revenue from Flamboro Downs.
The payment — covering July to September — is part of an anticipated total 2013 payment of about $4.7 million, the amount budgeted by the city for OLG payments this year.
A report is recommending the province put up to $400 million over five years into Ontario’s struggling horse-racing industry.
The three-member Horse Racing Industry Transition Panel makes the recommendations to Premier Kathleen Wynne in a report released today.
The Ontario Liberal government has released its five-year plan aimed at developing a sustainable horse racing industry in the province. The strategy is based on the final Horse Racing Industry Transition Panel report and includes a commitment to provide up to $400 million over five years to “sustain a wide range of racing opportunities that are supported by strong business plans,” according to a press release issued earlier today.
The Ontario Lottery and Gaming Corporation (OLG) will continue to work with the Ontario government and the horse racing sector to integrate horse racing into the provincial gaming strategy.
We appreciate the Horse Racing Industry Transition Panel’s leadership on the development of the five-year plan that will help ensure a vibrant and sustainable horse racing sector in Ontario. OLG will commit the necessary resources to implement and execute the government’s plan.
OLG’s modernization will be fully implemented in 2017-18. A modern OLG will help create thousands of jobs and drive more than $3 billion in capital investments across Ontario. It will also enable OLG to generate additional revenue to help fund provincial priorities such as hospitals and municipal infrastructure.
Staff will begin $2.2 million worth of design work for sewer, road, bridge, park and transportation improvements thanks to $20 million Niagara Falls is expected to receive this year from Ontario Lottery and Gaming Corp.
It’s the first sign of how city council will spend some of the new money — at least six times greater than the $3 million a year the municipality has received as compensation for hosting two provincial-owned casinos.