As the Ontario Lottery and Gaming Corporation has started to issue its quarterly payments to Ontario casino host communities, Greater Sudbury announced that it has received its share. For the second quarter of the fiscal 2022-2023 year of the OLG, the city has been awarded a hefty payment of approximately CA$500,000 for hosting Gateway Casinos Sudbury.
Via the Municipality Contribution Agreement, the Province of Ontario is required to share a portion of its casino revenue with municipalities that host its retail gaming properties. Payments are determined based on a formula which is consistently applied across all provincial gaming amenities and utilizes a graduate scale of gaming revenue for each location.
Payment Acquired
According to the City of Greater Sudbury, the community has just received CA$504,738 from the Crown corporation for hosting Gateway Casinos Sudbury on its territory. For the fiscal year of 2022-2022, which applies to the period of April 1, 2022, to March 2023, the city has already obtained a hefty sum of more than CA$1 million for hosting the casino at 400 Bonin Rd., east of Chelmsford.
In a press release, Ontarioās Finance Minister Peter Bethlenfalvy commented that proceeds from the Crownās Municipality Contribution Agreements come as a support to host communities. The money is reinvested in programs and services that benefit everyone in the province, from parks to local festivals. These payments improve the quality of life and make the province a better place to live, stated Mr. Bethlenfalvy.
In addition to that, the OLG has also sent out its second-quarter gaming payment to the Sarnia municipality. The community pocketed a payment of CA$111,727 for being the home of Gateway Casinos at Hiawatha Horse Park on the Golden Mile from July 1, 2022, through September 30, 2022. Since the opening of the casino, the region has received more than CA$27 million for hosting it.
Other Get Paid Too
Meanwhile, the City of Niagara Falls has bagged the largest quarterly gaming allocation as it hosts two of the most visited casinos in the province – Fallsview Casino Resort and Casino Niagara. For the second quarter of OLGās FY, the city got a payment of CA$5.3 million. Thus, making the total for the FY, approximately CA$11,542,491 in non-tax gaming revenue.
Since the launch of the first casino in the area in 1996, the Crown corporation has delivered CA$186,531,021 to the region. The money has come in handy for the municipality as it was reinvested in its local economy. For comparison, for the Q1 of fiscal 2022-2023, the city received a payment of CA$$6,257,258, which is slightly more than the latest one.
Last week, the Town of Innisfil confirmed that it has also received its allocation from its gaming operations. Its latest sum from the OLG for hosting Gateway Casinos Innisfil, the amount reached CA$2,075,105. Since the opening of the casino property in November 2001, the town has received CA$97,475,109 for hosting it.
Source: āSudbury secures another $500K from OLGā Sudbury.com, October 24, 2022
