Ontario Lottery and Gaming Corporation (OLG) has made a first quarter (April 1 – June 30) payment totaling $342,044 to the Municipality of Chatham-Kent for hosting Cascades Casino Chatham.
Since the gaming site opened in April 2001, Chatham-Kent has received $16,488,811.
These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site, OLG officials say.
“Host communities support important community programs and services and strengthen their local infrastructure with these gaming revenues,” said Peter Bethlenfalvy, Minister of Finance, in a media release.
“These financial supports help fund the vital programs and services that residents can depend on for their future.”
OLG is proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation.
Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province.
Over the past eight years, casino service providers have invested more than $2 billion in private sector capital across the province.
Since 2017, these investments have led to the development and opening of seven new casinos, one planned development and additional gaming expansions and non-gaming amenities.
Since 1994, host communities have received more than $2 billion in non-tax gaming revenue.
OLG is a crown agency that develops world-class gaming entertainment for the Province of Ontario.
Acting in a socially responsible way, OLG conducts and manages land-based gaming facilities; the sale of province-wide lottery games; Internet gaming; and the delivery of bingo and other electronic gaming products at Charitable Gaming Centres.
OLG is also helping to build a more sustainable horse racing industry in Ontario.
Since 1975, OLG has provided nearly $57 billion to the people and Province of Ontario to support key government priorities like health care; the treatment and prevention of problem gambling; and support for amateur athletes.
Each year, profits from OLG’s operations also support host communities, Ontario First Nations, lottery retailers and local charities across the province.
