Casino News

OLG Makes Casino Gaming Revenue Rain over Host Communities

Ontario Lottery and Gaming Operation has proven its generosity once again with its regular gaming revenue payments to the host communities. Towns and cities featuring a casino location or a gaming venue recently bagged their payments covering the third quarter of the fiscal year. The Town of Milton was among the locations bagging a hefty cheque for gaming operation, reaching CA$1,710,033.

Elements Casino Mohawk is the location of choice for many locals. A casino location has many ways in which it could support its host community and improve the wellbeing of its residents. This happens via the gaming revenue allocations it sends to the city council thanks to the Municipal Contribution Agreement inked ahead of its official launch. Ontario Lottery and Gaming Corporation makes sure to distribute the sums.

Milton Receives Support

The third quarter of this fiscal year marked the period between October 1, 2019 and December 31, 2019. The fall months usually witness a slight drop in the gaming revenue especially in comparison to the busy summer months when everyone was looking for a shade location to spend some time at. Elements Casino Mohawk is one of the leading supporters of the city coffers.

This week was a special one for the Town of Milton, as it received the Q3 payment amounting to CA$1,710,033. It marks a slump when compared to the Q1 2019-2020 payment amounting to CA$2.6 million. Ever since its launch of operation back in 1999, the casino venue has been able to amass some CA$121 million in gaming revenue allocations.

Such support goes to local projects and beautification work around Milton. Peterborough was another location to benefit from its casino operation at the end of this third quarter. The Crown corporation sent some CA$780,031 in non-tax gaming revenue to its city coffers that would go towards the improvement of the community, as well as for the support of the problem gambling programs in progress.

Peterborough Sees Cash

Shorelines Casino Peterborough is the location that generated this support, but this is one of the newest casino complexes of Ontario. It launched operation in October 2018 and ever since then, it has managed to amass some CA$3.9 million in allocations. Belleville is another location to benefit from casino operation within its borders. Shorelines Casino is the casino venue preferred by the locals.

The third quarter of this fiscal year managed to witness a total of CA$835,503 adding up to the existing allocations bagged by the city coffers. The casino venue launched operation about three years ago and ever since then it has amassed some CA$9 million for the local programs battling problem gambling, as well as the programs seeking infrastructural improvement. Sudbury was another location to receive casino cash support.

This last quarter of the fiscal year resulted in revenue payment amounting to CA$482,474 thanks to the everyday operation of Gateway Casinos Sudbury at Sudbury Downs. The slots location is in operation ahead of the potential relocation to Kingsway Entertainment District once the project has been finished. Ever since November 1999, Greater Sudbury has bagged some CA$44 million in allocations.