Elements Brantford Casino is able to boost both the local economy and the Six Nations community as a result of this operation and this became clear recently thanks to the previously agreed payment reaching CA$4.5 million. For the first time, the Six Nations Elected Council received the payment, which is going to facilitate the future development of the First Nation and any projects it has planned.
Exactly a year ago, the government of Six Nations inked an agreement with Elements Brantford Casino and the province of Ontario, which covers the upcoming 20 years of operation. The said arrangement mandates that each year is going to see payments reaching CA$4.5 million, eventually reaching a total figure of CA$100 million at the end of the chosen period. In addition to these regular annual payments, the negotiations on a province level also resulted in Ontario paying the Six Nations some CA$12.5 million as a one-time payment.
Casino Operation Brings Improvement
The said payment was utilized for the Niagara Reinforcement Line. Now it was confirmed that the first annual payment has already been done, adding the mandatory amount to the bandās funds. Councilor Carl Hill was the one interested in when the payment is due to take place, as the expected time of payment was around the end of December.
During a private meeting for the members of the Six Nations Elected Council SAO Dayle Bomberry was the one who informed individuals present that the payment was already in. The next step once the payment has been received is for the council departments to work on ways in which the amount of money could be divided and utilized for all projects currently on the table. Thanks to the operation of the casino venue, the First Nation will be able to take care of funding gaps of various sorts.
Among the projects which will acquire funding will be youth services, emergency services, as well as improvements done to the housing opportunities. The agreement was reached soon after the Ontario Lottery and Gaming Corp. announced it is going to be operated by a new casino developer and operator ā Great Canadian Gaming Corp, teaming up with Clairvest Inc. The contract for management covers the upcoming 20 years of operation on site.
Timeline of the Events
What should be pointed out is that the Six Nations were not part of the negotiations that led to the agreement for annual payments to the First Nation. They happen because the gaming venue is located on the tribal land of Six Nations and this is a way in which the casino could benefit the tribal community.
In addition to these annual payments to Six Nations, the City also receives regular payments from Ontario Lottery and Gaming Corporation. Ever since the casino venue first launched operation in 1999, OLG provided the community with payments on a regular basis thanks to the gaming revenue. Up to this point, Brantford has received some CA$73.7 million as a result of this agreement.
