Mayor happy with new OLG funding formula

Sault Ste. Marie can expect about an extra $100,000 a year in revenue for hosting the Sault Ste. Marie Casino under a new funding formula announced by Ontario Lottery and Gaming late last week. The new formula is being promoted by OLG as more “equitable” to determine the fee municipalities receive for hosting an OLG gaming facility and the formula will be applied to all gaming facilities across Ontario. Read more