With the completion of the first quarter of the fiscal year 2022-2023 and the dust piling up, the Ontario Lottery and Game Company has begun releasing payments to casino host communities across the state. 릴게임 Most recently, the city of Niagara Falls received a fair share for hosting Fallsview Casino Resort and Casino Niagara in the region from April 1 to June 30, 2022.
The municipal contribution agreement allows crown corporation to award to the community for agreeing to host gaming facilities every quarter of the fiscal year. Payments to organizers are consistently applied across all local gaming facilities and calculated based on a formula that utilizes the graduate size of the game revenue for each location.
From April 1, 2022 to June 30, 2022, the city of Niagara Falls hosted Fallsview Casino Resort and Casino Niagara, earning huge payments of CA$6,257,258. Since Casino Niagara’s official opening in December 1996, Crown Agency has delivered non-tax revenue payments of more than C$181 to municipalities.
Compared to the previous or last quarter of the 2021-2022 fiscal year, the city received only C$2.9 million through municipal contribution contracts. This is a sign that casinos are recovering pretty well this fiscal year. And overall, during 2021-2022, the municipality earned more than CA$11.5 million in gaming revenue to host the two premium gaming sites.
Ontario Treasurer Peter Betlenfalby said Crown Agency’s land-based gaming properties are once again providing significant revenue streams to host communities through municipal contribution agreements. According to him, many of those communities rely heavily on funds to support essential programs and services for local residents.
In addition to Niagara Falls, Thunder Bay has just received a check from OLG to host Gateway Casino Thunder Bay. For the first quarter of this fiscal year, the municipality received an installment payment of C$704,604. Since opening a premium casino property in the area in 2000, the community has earned $50,705,22 in gaming revenue.
Greater Sudbury also reported receiving quarterly payments from OLG to host Gateway Casino Sudbury in the region. For the quarter, the community obtained a check worth C$516,541 from the Crown Agency. Since the launch of gaming amenities in the region in November 1999, the city has received a total of C$46.4 million.
In May this year, OLG reported that despite Ontario’s opening of the mobile sports betting market, sports betting brand Proline is performing pretty well. To keep up with the curve, the Crown Agency said, Who will be the first Canadian draft? and Who will be the first draft by the Buffalo Bills? We’ve added new suggestions to the platform, such as