Ontario Lottery and Gaming Corporation (OLG) has made a fourth quarter (January 1 to March 31) payment totaling $255,748 to the Municipality of Chatham-Kent for hosting Cascades Casino Chatham.
For fiscal 2021-22, Chatham-Kent has received $921,281 in gaming revenue.
Chatham-Kent has received $14,453,931 since becoming a gaming host in 2001.
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 is proud to share proceeds of casino gaming with local communities, contributing to economic development, infrastructure and jobs. Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province.
“Municipality Contribution Agreements are an important source of funding for municipalities, and help deliver critical services that the people of Ontario enjoy,” said Peter Bethlenfalvy, Minister of Finance, on a press release.
“Land-based casinos create good, local jobs and play an important role in supporting in our economy, and the government will always support a strong and vibrant gaming sector in Ontario.”
The health and safety of customers, employees and host gaming communities remains a priority for OLG and its service providers. Gaming sites in Ontario were subject to public health restrictions through most of the fourth quarter, including closures for a period of 26 days, which had an impact on gaming revenues and the payments to host municipalities. Casinos were able to open at full capacity as of February 17, 2022, and all remaining public health restrictions were lifted as of March 21, 2022.
Service providers have invested an estimated $1.8 billion in private sector capital development across the province. Since 2017, five (5) new casinos have been built in Ontario and a number of other casinos have also been recently enhanced and/or expanded.
During the fiscal year 2021-22, host communities have received $82,942,969 in non-tax gaming revenue. Life to date, host communities have received more than $1.8 billion in non-tax gaming revenue.
