Ontario Lottery and Gaming Corporation (OLG) has made a first quarter (April 1 – June 30) payment totaling $442,042 to the Municipality of Chatham-Kent for hosting Cascades Casino Chatham.
Since the gaming site opened in April 2001, Chatham-Kent has received $18,241,507.
These payments to host communities are based on a formula in the Municipality Contribution Agreement that is consistently applied across all land-based casino sites in Ontario using a graduated scale of gaming revenue at the hosted site.
“Investing OLG’s profits back into host communities is another example of our government’s continued efforts to strengthen local infrastructure and community programs,” said Stan Cho, Minister of Tourism, Culture and Gaming, in a press release.
“We remain focused on working with our municipal partners to ensure that communities across Ontario have the supports in place to empower their residents to lead active, fulfilling lives and enable local businesses to thrive.”
Since 1994, host communities have received more than $2.1 billion in non-tax gaming revenue.
OLG is proud to share proceeds of casino gaming with local communities, contributing to economic development including infrastructure and job creation. Payments to host communities are part of OLG’s commitment to Ontario, which includes reinvesting 100 per cent of OLG’s profits back into the province.
Since 2017, casino service providers have invested more than $2.2-billion in private sector capital across the province.
These investments have led to the development and opening of seven new casinos, one planned development and numerous casino expansions and non-gaming amenities.
