City Gets Over $1.8 Million For Hosting Caesars
Tuesday April 21st, 2015, 3:18pm
Hello time traveller!!
This article is 3551 days old.
The information listed below is likely outdated and has been preserved for archival purposes.
The Ontario Lottery and Gaming Corporation has issued a fourth-quarter non-tax gaming revenue payment of $1,896,549 to the City of Windsor for hosting Caesars Windsor.
“Revenues from OLG gaming sites allow host municipalities to invest in and upgrade their infrastructure and support various community organizations and initiatives,” said Charles Sousa, Minister of Finance. “The people of Ontario benefit from these gaming revenues through provincial investment in key public services like health care and education.”
These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the fee municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.
To date, Windsor has received more than $17.8 million in non-tax gaming revenue.
