City gets another casino cheque

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The Ontario Lottery and Gaming Corporation (OLG) today issued a first-quarter (April to June, 2016) non-tax gaming revenue payment of $361,083 to the City of Sault Ste. Marie for hosting OLG Casino Sault Ste. Marie. Since May 1999, Sault Ste. Marie has received more than $25.9 million in non-tax gaming revenue.

“Provincial revenue from our OLG gaming site allows our city to invest in local priorities such as infrastructure and programs and services that help strengthen Sault Ste. Marie,” said David Orazietti MPP. “All Ontarians also benefit from these funds through important investments in public services such as, health care and education.”

These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.

At approximately $2 billion annually, OLG provides the Ontario government with its largest source of non-tax revenue. Modernization will help OLG provide more money to Ontario for hospitals and other government priorities.

2 COMMENTS

  1. It’s all a huge sham.
    The fiberals are just beginning to bury Canada so far in debt it will never see the light of day.

  2. Mr. Orazietti,
    Could you please enlighten the citizens of Sault Ste. Marie as to what, exactly, modernizaton of OLG entails? What it looks like right now is cutting expenses by eliminating jobs in order to make it more attractive to private investors. Why is the modernization plan such a huge secret?

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