Greater Sudbury announced it had received its share as the Ontario Lottery and Game Company began issuing quarterly payments to the Ontario Casino Host Community. 슬롯머신 During the second quarter of the OLG 2022-2023 financial year, the city was awarded a huge payment of about C$500,000 for hosting Gateway Casino Sudbury.
Through the municipal contribution agreement, Ontario must share a portion of its casino revenue with the municipalities hosting retail game properties. Payments are consistently applied across all local gaming facilities and are based on a formula that utilizes the graduate size of the game revenue for each location.
According to the City of Greater Sudbury, the community has just received C$504,738 from Crown Corporation for hosting Gateway Casino Sudbury in the area. During the fiscal year 2022-2022, which runs from April 1, 2022 to March 2023, the city has already earned a huge sum of more than CA$1 million for hosting a casino on 400 Bonin Road east of Chelmsford.
Ontario’s finance minister Peter Bethlenfaly said in a press release that proceeds from Crown’s local government donation agreement come as support for the communities it hosts. The money is reinvested in programs and services that benefit everyone in the state, from parks to local festivals. These payments improve the quality of life and make the state a better place to live.Bethlenfaly said.
In addition, OLG also sent second-quarter game payments to the Sania municipality. The community pocketed C$111,727 from July 1, 2022 to September 30, 2022, as the home of the Gateway Casino in Hiawata Mal Park, Golden Mile. Since the casino’s opening, the area has received more than C$27 million for hosting.
Niagara Falls, meanwhile, received the largest quarterly game allocation as it hosted two of the state’s most visited casinos: Fallsview Casino Resort and Casino Niagara. During the second quarter of the fiscal year for OLG, the city was paid C$5.3 million. Thus, the total for the fiscal year earned approximately CA$11,542,491 in non-tax gaming revenue.
Since the launch of the first casino in the area in 1996, crown corporation has delivered C$186,531,021 to the area. This money was used to help local governments as they were reinvested in the local economy. For comparison, in the first quarter of fiscal 2022-2023, the city received payments of C$6,257,258, slightly more than recently.
Last week, the town of Innisphill confirmed that it has also been assigned to run the game. OLG’s latest total to host Gateway Casino Innispiel amounted to CA$2,075,105. Since the casino site opened in November 2001, the town has attracted C$97,475,109.