OLG has paid the city virtually $2.4 million in income shares because the Playtime On line casino opened in November, 2022
The Ontario Lottery and Gaming Company (OLG) confirmed the newest cost to the City of Wasaga Seashore as hosts of Playtime On line casino totalled $386,031.
The cost displays the city’s income share for the second quarter of the yr (July via September).
Thus far, the city has acquired $2,397,782 because the host municipality for the on line casino, which incorporates $702,208 since April 2024. Playtime On line casino Wasaga Seashore opened in November, 2022.
Funds to host communities are calculated with a system used in any respect gaming websites in Ontario and based mostly on a graduated scale of gaming income on the on line casino.
“Land-based casinos function a supply of fine native jobs and generate necessary financial exercise in municipalities that host gaming websites,” stated Brian Saunderson, Member of Provincial Parliament for Simcoe-Gray, in a information launch. “Proceeds from gaming received through the Municipality Contribution Agreement with OLG, in turn, help strengthen local infrastructure and support critical community programs.”
Since 1994, host communities have acquired greater than $2.1 billion in non-tax gaming income.
