On January 29th, 2018, OLG announced the allocation of a casino to Milton. The news was first reported by SooToday and details around the location and company in charge have not yet been released.
Milton has received its quarterly revenue-sharing payment from the Ontario Lottery and Gaming Corporation, according to the town. The allocation is for the hosting of Elements Casino Mohawk, and it was over CA$2 million in the third quarter of 2021. The funds will now be utilized to assist the town’s capital projects.
The Ontario Lottery and Gaming Commission (OLG) is rewarding towns for a variety of gaming sites under the Municipality Contribution Agreement, and Milton is one of them. The municipality has collected a total of CA$126.8 million in proceeds from the deal since 1999. As a result, the casino business has proven to be quite significant to the budget and income of the area.
The Money Begins to Flow
Despite the fact that casino sites were open during Q3, which began on October 1, 2021 and ended on December 31, 2021, revenue was nonetheless reduced by the limitations. Although the payout is in the amount of CA$2,000,691, it still pales in contrast to what it was before the extraordinary circumstance arose over two years ago.
Milton MPP Parm Gill stated in a press release that the town is pleased with the allocation for Q3 of last year obtained under Municipality Contribution Agreements. Once the government relaxes its health and safety regulations, he believes that brick-and-mortar establishments will continue to play an important part in the economic resurgence of local communities.
Another payment has been received.
Another Ontario municipality, under the Municipality Contribution Agreements, recently got a sizable payout from the Crown company. The township of Centre Wellington got a $567,492 allocation from the OLG on January 19, 2022. The payment was also for the hosting of Elements Casino Grand River in the area during the third quarter of last year.
Since December 2003, the OLG has paid Centre Wellington about CA$35.6 million in non-taxing gaming income in similar payments. Minister of Finance Peter Bethlenfalvy said that the government is glad to have paid out quarter payments to host gaming communities and that he looks forward to casinos contributing to the province’s economy once again.
Hefty Payment for Niagara Falls Bags
The Ontario Lottery and Gaming Corporation (OLG) recently awarded yet another quarterly allotment to casino hosts throughout the province. Niagara Falls, for example, got a payout of CA $3.8 million for hosting the Niagara Fallsview Casino Resort and Casino Niagara on its land. Sault Ste. Marie was also given a CA$273,611 allocation for hosting Gateway Casinos Sault Ste. Marie in the third quarter of last year.
Windsor also gets a share of the pie.
The City of Windsor was one of the localities that gained a sizable sum as a result of hosting a casino. As the operator of Caesars Windsor Casino, the city collected CA$2,158,545 in the third quarter of last year. The municipality has received a total of CA$72 million in non-tax gaming income since the property’s formal inauguration in 1994.
InsideHalton, January 27, 2022, “Milton gets third-quarter payout from OLG.”