The Ontario Lottery and gaming company has begun issuing quarterly payments to attract gaming properties to the city of Ontario. From July 1 to September 30, 2021, the city of Niagara Falls received Q2 non-taxable gaming revenue of C$4,668,393.
According to data provided by OLG, since December 1996, the city of Niagara Falls has received more than C$168 million in non-tax game revenue to host Fallsview Casino Resort and Casino Niagara. The money will then be used as a way to fund education, healthcare, and various other regional sectors in the province.
Ontario's finance minister, Peter Bethlenfaly, commented that the local government was very happy to have the offline casino back in operation. According to him, the casinos have important contributions to the local economy, and they operate in compliance with local health and safety protocols for the safety of customers.
The municipal contribution agreement is a contract between OLG and the municipalities of Ontario that compensates for host game property. Payments for non-tax games are determined by a prescribed formula that applies to all local game sites, based on the property or its game revenue rating.
OLG also sent quarterly payments to several other municipalities in Ontario. The City of Belleville recently received 591,000 CA from Crown in payment for hosting Shorline Casino Belleville in Q2. The game accommodation did not operate throughout the second quarter, so sales were lower. It received 883,000 CA in 2019 compared to the same quarter.
Crown Corporation also issued quarterly allocations to Peterborough City and Cavanmonahan Township, both of which received 571,000 CA and 114,000 CA, respectively. Both districts were awarded for hosting the showline casino Peterborough and the township in Kawarta Downs. Hanover Township paid 30,990 CA for hosting gateway casinos and entertainment casinos.
On Friday, Crown Agency also paid Windsor a financial obligation to host the Caesars Windsor Casino. The payment was CA$1,752,526, and the game hotspot reopened for customers in the summer after local health and safety restrictions were lifted. Since 1994, the city has earned more than $99 million in non-tax gaming revenue from OLG.
A recent federal audit conducted by the Canadian federal government found some irregularities in Crown Corporation's recent financial performance. The report found that the agency's officials were not only overcompensated for salary increases compared to other state-run organizations, but also several other violations in their operations.
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