First casino payment for City of Pickering to help fund performing arts centre project
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First payment of $2,439,575 was awarded to the City of Pickering today by OLG. It's the first quarterly allotment from the Pickered Casino Resort. The money represents the city's share of two months revenue from that casino. Next quarterly payment should be closer to four million dollars.
First casino payment for City of Pickering to help fund performing arts centre project. The next payment is expected in mid-January. Pickered Performing Arts Centre and City Centre project will be on the agenda for tonight's special meeting of Council. The opening of the resort was delayed by three months. Mayor Dave Ryan is optimistic revenues from the casino will ramp up soon. He is eager to work with OLG to strengthen the community and enhance municipal service delivery.
First casino payment for City of Pickering to help fund performing arts centre project. 25% on the first $65 million of slot revenue, 3.0% of the next $135 million, 2.5% the the $300 million and 0. 5% slot revenues above $500 million.
