NEWS RELEASE
OLG
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Ontario Lottery and Gaming Company (OLG) is happy to make a second-quarter (July 1 to Sept. 30) fee totalling $352,863 to the City of Wasaga Seashore for internet hosting Playtime On line casino Wasaga Seashore.
Thus far, throughout OLG’s fiscal 12 months (April 1, 2023 to March 31, 2024), Wasaga Seashore has obtained $625,990. For the reason that gaming web site opened in November 2022, Wasaga Seashore has obtained $1,064,734.
These funds to host communities are primarily based on a system persistently utilized throughout all gaming websites in Ontario utilizing a graduated scale of gaming income on the hosted web site.
“OLG continues to be a proud partner in hosting gaming communities,” stated Peter Bethlenfalvy, minister of finance. “Municipality Contribution Agreement payments help these municipalities fund priorities such as community infrastructure, parks and recreation and local health-care facilities, benefiting families and local residents.”
OLG is proud to share proceeds of on line casino gaming with native communities, contributing to financial restoration, infrastructure growth and job creation. Funds to host communities are a part of OLG’s dedication to Ontario — 100 per cent of OLG’s income are reinvested within the province.
Over the previous eight years, on line casino service suppliers have invested greater than $2 billion in private-sector capital throughout the province. Since 2017, these investments have led to the event and opening of seven new casinos, one deliberate growth and extra gaming expansions and non-gaming facilities.
Since 1994, host communities have obtained greater than $2 billion in non-tax gaming income.
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