The cash keeps flowing in — and flowing out.
Niagara Falls received $6.7 million from Ontario Lottery and Gaming Corp. last week as part of a quarterly (April to June) payment for hosting Casino Niagara and Fallsview Casino.
Since signing a new agreement with OLG last year, based on slot and table-game revenue, the city has received $27.9 million in quarterly payments.
Under the previous agreement with OLG, Niagara Falls received a fixed-rate of $3 million a year in hosting fees.
AJAX — The Town’s coffers are thicker today, after Ajax received a quarterly OLG payment of almost $2.4 million.
Ajax receives the funding as the host community of OLG Slots at Ajax Downs.
Since the slots opened in March 2006, Ajax has received more than $49 million.
“OLG host communities benefit in many ways from their partnerships with local gaming sites, including increased tourism, community sponsorships and job opportunities,” said Joe Dickson, MPP Ajax-Pickering. “In addition, these gaming revenue payments allow municipalities to invest in local priorities for their residents and also to keep taxes lower.”
The City of Brantford has received more than $1.2 million from the Ontario Lottery and Gaming Corporation for hosting OLG Casino Brantford.
The money comes as a first-quarter non-tax gaming revenue payment from April to June of this year.
“OLG host communities like Brantford benefit in many ways from their partnerships with local gaming sites, including increased tourism, community sponsorships and job opportunities,” said Brant MPP Dave Levac in a media release. “In addition, these gaming revenue payments allow municipalities like Brantford to invest in local priorities for their residents.”
According to a press release issued today, the Sault Ste. Marie office of the Ontario Lottery and Gaming Corporation has issued a first-quarter (April to June, 2014) non-tax gaming revenue payment of $1,512,791 to the City of Hamilton for hosting OLG Slots at Flamboro Downs.
To date, Hamilton has received more than $61.8 million in non-tax gaming revenue.
“This community benefits tremendously from being a host to OLG and the partnership with local gaming sites. That includes more tourism, sponsorships for local events and job opportunities,” said Ted McMeekin, MPP for Ancaster-Dundas-Flamborough-Westdale. “In addition, this money is going to allow local towns to invest in priorities for their residents.”
The Ontario Lottery and Gaming Corporation has issued a first-quarter payment of $2,989,510 to the City of Windsor for hosting Caesars Windsor.
OLG said the payment up one per cent over last year’s first quarter.
To date, Windsor has received more than $11.7 million in non-tax gaming revenue.
These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the fee municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of slot machine revenue that is consistent across all sites in Ontario.
SAULT STE. MARIE – The Ontario Lottery and Gaming Corporation has issued a first-quarter (April to June, 2014) non-tax gaming revenue payment of $337,732 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie. To date, Sault Ste. Marie has received more than $23 million in non-tax gaming revenue.
“OLG host communities benefit in many ways from their partnerships with local gaming sites, including increased tourism, community sponsorships and job opportunities,” said MPP David Orazietti. “In addition, these gaming revenue payments allow municipalities to invest in local priorities for their residents.”
Cavan Monaghan has just received a payment of $785,397 from the Ontario Lottery and Gaming Corp. It’s the township’s first-quarter share of revenues from the OLG Slots at Kawartha Downs, covering April to June.
“OLG host communities benefit in many ways from their partnerships with local gaming sites, including increased tourism, community sponsorships and job opportunities,” said MPP Jeff Leal in a prepared statement. “In addition, these gaming revenue payments allow municipalities to invest in local priorities for their residents.”
The Township of Leeds and the Thousand Islands and Gananoque are celebrating the contributions of the OLG Thousand Islands Casino.
The casino’s slot revenue is funding $103,936 of community grants this year.
Grant recipients include Gananoque and District Humane Society, Gananoque Canoe Club, Lansdowne Association for Revitalization, Lions Club of Gananoque, Lyndhurst Turkey Fair, Seeley’s Bay and Area Residents Association, Seeley’s Bay Medical Centre, Sculpture Park – Folk & Arts Festival, Two Rivers Music Festival, Festival of Storytelling – 1000 Islands Yarnspinners Gananoque, Gananoque Choral Society, Lions Club of Gananoque, 492 Gananoque Military Police Cadets, Royal Canadian Legion Branch 92 and Isiah Higgs – athlete support.
HANOVER – OLG Slots at Hanover Raceway unveiled a new and improved look by welcoming customers to a refreshed and updated gaming floor Friday.
OLG Slots at Hanover Raceway is introducing a modernized gaming floor including 54 new slot machines and two electronic table games. Town of Hanover officials including mayor Kathi Maskell, chief administrative officer Mike Dunlop and director of planning and development Don Tedford joined representatives from the Hanover Raceway and OLG officials for a ribbon cutting ceremony to mark the occasion.
“Our strong partnership with Hanover Raceway gave us the perfect opportunity to expand and modernize our amenities, allowing us to continue providing a great gaming experience for our patrons,” said Spencer Parazader, general manager of OLG Slots at Hanover Raceway, in a news release.
If you saw a wrapper around the Wellington Advertiser recently, it was Centre Wellington’s report to the community on how the Ontario Lottery and Gaming Corporation has made a positive impact on the local community.
On June 23, Centre Wellington Mayor Joanne Ross-Zuj stated she hoped councillors and residents took time to read the publication.