Casino News

Ontario Lottery and Gaming Corp. Brings Windfall to Casino Host Communities

Gaming locations across Canada are known for their support of local communities with regular allocations of gaming revenue. The Ontario Lottery and Gaming Corporation reveals all quarterly payments to host communities and the City of Niagara Falls was among the areas to bag a hefty cheque.

Casino Niagara and Niagara Fallsview Casino managed to amass allocations reaching CA$7.1 million over the first quarter of this fiscal year. Casino venues are capable of supporting their communities in many ways, gaming revenue payments being solely one of them.

The first three months of the fiscal year were especially generous for Niagara Falls boosted by its two casino resorts and everything they have on offer as a gaming opportunity. The CA$7.1million cheque was generated over the April-June period when the area was buzzing with excitement over the future new management of the two locations.

Niagara Falls Bags CA$7.1 Million

Mohegan Gaming & Entertainment is already overseeing operation of the casino resorts in the vibrant tourist hotspot. Last fall it was confirmed that the US-based tribal operator outbid all Canadian casino operators competing for the opportunity.

Now the Municipality Contribution Agreement resulted in a substantial cash allocation that would be used for various local projects. Up until this point, the local community has bagged over CA$148 million thanks to casino operation on a day-to-day basis.

Now all eyes are set on the two casino resorts and the way the new management is going to impact them. The Town of Milton also received a hefty cheque amounting to CA$2.6 million for the ongoing operation of Elements Casino Mohawk. The tribal venue is a preferred venue for people ready to try their luck and it shows.

The allocation would, later on, be invested in various improvements such as roadwork, programs striving to benefit the community, beautification work across the Town of Milton, and more. Ever since 1999 when the casino venue first launched operation, the community has bagged some CA$117 million in non-tax gaming revenue payment, powered by the Ontario Lottery and Gaming Corporation.

Gateway Casinos Dresden Bids Farewell

The City of Greater Sudbury also benefitted from the most recent casino revenue allocation happening three times a year. This quarterly payment amounted to CA$572,242 and was generated by Gateway Casino currently located at Sudbury Downs and attracting customers to the racing location.

Gateway Casino & Entertainment oversees operation of the gaming venue and over the past four months, it has generated this amount of non-tax gaming revenue. It could be recalled that the casino operator is currently looking for a temporary gaming location that would welcome the casino in the months ahead of Kingsway Entertainment District launch. Ever since 1999, city coffers have been able to receive up to CA$43 million in gaming revenue allocations.

Another iconic location that recently saw its last days of operation is Gateway Casinos Dresden. The last allocation of this slots venue amounted to CA$237,847 that went straight to the Municipality of Chatham-Kent. Such support covers the same first quarter of fiscal 2019-2020, but the end of operation of the slots venue would not spell disaster for the city coffers. Last week saw the soft opening of Cascades Casino Chatham that would offer regular payments downs the road.