Casino News

OLG Casino Cash Fuels Host Community Projects

Ontario Lottery and Gaming Corporation has many ways in which it supports its casino host communities throughout the years. One of those is sending gaming revenue allocations on a regular basis, supporting local projects and more. The City of Belleville was among the areas bagging a hefty cheque amounting to CA$656,000 in non-tax gaming revenue recently as a result of the Shorelines Casino operation.

Players frequenting the casino venue are able to support their local community, while they also make an attempt at bagging a hefty prize while gambling. This is a mutually beneficial situation that has been working for casino host communities for decades. It also ensures that the casino operation is fair and aligning with all regulations in place.

Gaming Revenue Allocations

The City of Belleville is among the regions being supported by the Crown corporation that oversees gambling and lottery in Ontario. The end of every quarter brings financial support that is later on used for various local projects, beautification work, and infrastructural improvement. This week was a special one, as it was supposed to bring the next cheque coming from the Crown corporation.

The area is a proud host of Shorelines Casino, one of the newest gaming locations in Ontario. Last year saw the widening of Bell Boulevard, along with the reconstruction of Maitland Drive. Stanley Park was another area welcoming improvements fueled by casino cash. The most recent allocation amounted to CA$656,000 in non-tax revenue covering the fourth quarter of casino operation that spanned between January 1 and March 31, 2020.

It could be recalled that the casino venue closed for business on March 16, as social distancing is a recommended practice throughout the province. This fourth quarter managed to round up the overall annual casino allocation for the fiscal 2019/2020 to CA$3.2 million. The municipality of Chatham-Kent also witnessed a gaming revenue allocation amounting to some CA$328,430 for the fourth quarter of this fiscal year.

Improvement Coming Soon

Cascades Casino Chatham is the engine of development in the area and it should be taken into account that the gaming venue launched operation in the summer of 2019. Ever since then, it has been fueling the local economy with its regular allocations, while also attracting individuals from near and far. The current closure of the casino venue has slightly affected the recent allocation, but it is projected to impact the first quarter payment of the next fiscal year.

Chatham-Kent is about to receive its next non-tax gaming revenue allocation in July this year. The 2019/2020 fiscal year managed to generate gaming revenue allocations amounting to CA$1,420,573. The Township of Centre Wellington was another area benefiting from casino allocations for hosting Elements Casino Grand River. This week’s allocation amounted to some CA$572,725 covering the fourth quarter of the fiscal year.

Ever since the launch of Elements Casino Grand River, local coffers have received as much as CA$2,726,074. Shorelines Casino Peterborough and Shorelines Slots at Kawartha Downs are the gaming hotspots powering City of Peterborough and Township of Cavan Monaghan. Each of them received respectively CA$620,889 and CA$86,016 for the quarter that ended March 31.