Chatham-Kent receives second payment from OLG for $414,000
The OLG has issued these payments to the municipality for hosting Cascades Casino.
The Ontario Lottery and Gaming Corp (OLG) has issued its second payment to the Municipality of Chatham-Kent for “hosting Cascades Casino in Chatham,” according to the Chatham Daily News local report.
The municipality received CA$414,540 (US$302,000) for its second quarterly payment for the months ranging from July 1 to September 30.
The Chatham-Kent gaming site first opened in 2001. Since its debut, the site has received $16.9m in payments. Chatham-Kent has raked in $756,584 in payments year-to-date.
The OLG said regarding the payments issued, “Payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.”
Finance Minister Peter Bethlenfalvy issued a recent release, stating that the OLG “continues to be a proud partner in hosting gaming communities.”
He went on to add, “Municipality Contribution Agreement payments help these municipalities fund priorities such as community infrastructure, parks and recreation and local healthcare facilities, benefiting families and local residents.”
According to the OLG, casino providers have contributed more than $2bn in private-sector capital investments during the past eight years across Ontario. Seven new casinos, one planned development, as well as additional gaming expansions have resulted from these investments since 2017, the OLG added.
In other Ontario news, Rivalry Corp. recently expanded its casino product suite through its Casino.exe platform in the province. Its suite of titles offers players interactive entertainment mixed with 90s nostalgia.
With the release, Rivalry has added several new games. Players throughout Ontario can access eight new titles through the company’s iOS mobile app. The new content includes a mix of instant games, table games and game shows.
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