New agreement a huge boon to Ajacians
New agreement a huge boon to Ajacians
22-11-2012
New agreement a huge boon to Ajacians
Revenue-sharing deal between Town, OLG
As long there are slot machines in Ajax, the cash will continue to flow to the Town in a new revenue-sharing deal with the Ontario Lottery and Gaming Corporation. It's a big relief to Ajacians worried about the certainty of the money, an estimated $7 million in the first year of the agreement.
In fact, the Town now has a guarantee that revenue from the facility will not go down.
Ajax council on Nov. 12 approved the contract with OLG, which takes effect April 1, 2013.
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