City receives more than $375K for OLG quarterly payment
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Has received more than $32 million from OLG since the opening of the casino in 1999
The City of Sault Ste. Marie has received a quarterly payment of more than $375,000 from OLG for hosting the Gateway Casino.
The city has received more than $32 million from OLG since the opening of the casino in 1999.
Full text of a news release issued by OLG follows:
Ontario Lottery and Gaming Corporation (OLG) made a first quarter (April 1 - June 30) payment totalling $375,305 to the City of Sault Ste. Marie for hosting Gateway Casinos Sault Ste. Marie.
Since the gaming site opened in May 1999, Sault Ste. Marie has received $32,801,567.
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 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 seven years, service providers have invested an estimated $1.8 billion in private sector capital development across the province. Since 2017, these investments have led to the development and opening of six new casinos, with two more currently under construction. In addition, a number of existing casinos have been enhanced and/or expanded.
Since 1994, host communities have received more than $1.86 billion in non-tax gaming revenue.
OLG is a crown agency that contributes to a better Ontario by delivering great entertainment experiences for our customers. 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 support the horse racing industry in Ontario. Since 1975, OLG has provided approximately $55 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 proceeds from OLG's operations also support host communities, Ontario First Nations, lottery retailers and local charities across the province.
