Town receives another $1.1 million from OLG
But there's still uncertainty surrounding the future of Geogian Downs
The Ontario Lottery and Gaming Corporation issued a first-quarter (April to June 2012) non-tax gaming revenue payment of nearly $1.1 million to Innisfil, for hosting OLG Slots at Georgian Downs.
As announced on March 12, OLG is modernizing Ontario’s lottery and gaming industry. The effort will increase revenue for the province and create jobs, while continuing to support municipalities through a new consistent funding model to be developed for towns and cities that host an OLG gaming facility.
“The partnership between OLG gaming sites and host municipalities brings substantial economic and social benefits to Ontario families,” said Dwight Duncan, Minister of Finance. “The sites create thousands of good jobs, boost local economies through increased tourism and help municipalities build strong, prosperous communities by sharing gaming revenues.”