Falls cashing in on casino windfall
Falls cashing in on casino windfall
30-07-2014
Falls cashing in on casino windfall
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.
Read More