Under the municipal contribution agreement, Crown Corporation shares a certain percentage of its revenue with the community hosting land-based casino properties in the area. 릴게임사이트 These payments are based on a formula that is consistently applied to all game locations in the province, using the step-by-step scale of game revenue on the site.
During the fourth and final quarter of the fiscal year 2021-2022, Chatham-Kent earned a total of CA$255,748 to host Cascades Casino Chatham. This is the last payment for the fiscal year, with a total casino allocation of CA$921,281 for the fourth quarter. Since the casino opened in 2001, the city has received CA$14,453,931 so far.
State Treasurer Peter Betlenfalby said the local government’s donation agreement is an important source of funding for the community and helps to provide important services to Ontario residents. In his opinion, land-based casinos play an important role in providing local jobs and securing major support for the local economy and competitive gaming sector.
Revenue for the fourth quarter ended March 31, 2022 for the 2021-2022 fiscal year was affected by unprecedented conditions, and Ontario decided to close its gaming facilities for Jan. 26 due to growing concerns over virus cases, which affected their activity, affecting sales.
Since we received CA$285,000 from Crown Corporation last week, Greater Sudbury also received a fair share of casino revenue. Once again, the funding was for the hosting of Gateway Casino Sudbury, although the period was from January 1 to March 31, 2022. Throughout the fiscal year, Greater Sudbury has earned more than CA$1.1 million in gaming funding.
Last week, OLG also sent casino allocations to Niagara Falls and Windsor. In Q4, Niagara Falls received CA$2.9 million for hosting Casino Niagara and Niagara Fallsview Casino Resorts. Throughout the fiscal year, the city earned more than CA$11.5 million, while Windsor received about CA$110,143 because it is the host community of Windsor Casino Resorts.
In addition to reinvesting the proceeds in Ontario, OLG is always trying to return them to local charities and community groups. In February, Crown donated a significant sum of over CA$120,000 to United Way Halton & Hamilton. OLG launched a Collecting for the Community program that replicates field activities at company-sponsored events before the virus broke out.