Casino News

Municipality Contribution Agreement Offers Host Communities Cash Piles

Casino locations have many ways in which they can support their host communities, one of those being regular allocations. Ontario Lottery and Gaming Corporation made this week special via gaming revenue allocations making their way to city coffers. Innisfil was among the cities receiving financial support amounting to CA$1,943,991 for the second quarter of this fiscal year. Several other locations were also granted hefty cheques.

The end of every quarter is a special time for the host communities of casino locations, as the regional lottery corporation grants them a percentage of the gaming revenue generated by the venue. This is a compensation for the gambling activity in the region that could be used for various renovations, roadworks, and beautification around the town. Direct funding is what makes casinos so appealing or many communities.

Non-Tax Allocations Galore

The second quarter of the current fiscal year came to an end on September 30, covering the warmer summer months of July and August. It is usually known for its lavish allocations, as a larger number of people are prone to seeking the cool air of a casino venue. Innisfil was among the communities bagging one of the largest amounts of cash over the past three months of operation.

Gateway Casinos Innisfil is the location responsible for the nearly CA$2-million financial support the city would now reinvest. Ever since November 2001, when the casino venue first launched operation as OLG Slots at Georgian Downs, city coffers have bagged some CA$85.9 million thanks to the Municipality Contribution Agreement applied to all casino host communities.

Andrea Khanjin, MPP for Barrie-Innisfil, said that the non-tax cash support road development, as well as various community programs. It could be recalled that this summer saw Gateway Casinos reduce its staff at Gateway Casinos Innisfil and Casino Rama, claiming that it would optimize its operation down the road. Chatham-Kent was a region bagging a substantial non-tax support from its brand new casino location.

OLG Supports Communities

Cascades Casino Chatham launched operation on July 16, welcoming casino patrons on a regular basis. Levels of interest remained steady throughout the years, which resulted in a quarterly allocation of CA$452,642. Up until now, the region was able to receive financial support from Gateway Casinos Dresden, previously known as OLG Slots at Dresden Raceway. This summer saw the relocation and gaming expansion to Chatham.

The CA$36-million project saw Chatham-Kent Mayor Darrin Canniff, Chatham-Kent Leamington MPP Rick Nicholls, and Ontario Lottery and Gaming Corporation Chief Operating Officer Lori Sullivan on its launch ceremony. Point Edward was another area receiving its quarterly share of the gaming revenue. Starlight Casino Point Edward had some CA$657,000 for the city coffers ready to fund various projects.

For the time being, Ontario Lottery and Gaming Corporation has not revealed gaming revenue generated between July 1 and September 30. OLG Casino Point Edward, as the location was formerly known welcomed its first patrons in April 2000. Ever since then it has supported its host community with upwards of CA$46.6 million.