City councilors in North Bay are currently negotiating how the city should use the gambling allotments it received from the Ontario Lottery and Game Company to attract Cascade Casino North Bay. The city's financial planning committee met Monday afternoon to give its opinion on the areas where the city government needs the most money.
Ontario shares proceeds from land-based casino operations with the community acting as organizers of those casinos through a local government contribution agreement. The difference is that payments to each municipality are calculated based on a formula that applies uniformly to all regions. It has delivered more than C$1.6 million in revenue since the casino opened in North Bay.
The long-term fiscal planning committee consists of Mayor Peter Chirico, as well as Gary Gardiner, Lana Mitchell, Maggie Horsfield and Justin Marla. The mayor said there is never a shortage of items available for casino funding, and there are also proposals for helping the homeless, capital projects and emergency preparedness.
One proposal would be to spend 20% of casino funds on economic development, 5% on social and community impacts, and 75% on special capital project reserves. Mr Mala said he wanted more of the proposed 5% to be used to address social issues related to problem gambling, such as prevention and treatment programs.
You should know that there is also an OLG PlaySmart, a gambling prevention website. It helps players customize their time and budget, also understands game habits, and allows players to take a break if they need to gamble. But Mr Mallah explained that the program does not apply to North Bay's unique gambling challenge.
There is currently no formalised plan, and the committee will meet again and a final proposal will be drafted and sent to Parliament to vote on how to use the money. Chirico says the decision on what to do with the money is for Congress. The council also decided to use the money for asset management projects such as building reconstruction and offset the city's tax imposition.
The Crown Corporation recently handed over a check worth C$1.45 million to host Community Gateway Casino Sault Ste Marie. This was the city's share of gaming revenue generated from slot and live table games throughout the 2022-23 financial year. Since the casino opened, the city has pocketed nearly C$34 million for being a host community.
A few months ago, OLG also sent quarterly payments to the city of Greater Sudbury. For the quarter ended March 31, 2023, the Crown Agency issued a payment worth C$444,925 to attract Gateway Casino Sudbury. OLG's total for the full fiscal year 2022-23 came to C$1,929,529.
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