Pickering receives more than $2.2 million from OLG in fourth-quarter casino revenue

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Published April 21, 2022 at 12:36 pm

Ontario Lottery and Gaming Corporation (OLG) made a fourth quarter (January 1 to March 31) gaming revenue payment to the City of Pickering Thursday worth $2,267,117 to the City of Pickering for hosting Pickering Casino Resort.

The cash infusion, which the City is using to partially bankroll a new downtown entertainment complex, is for hosting Pickering Casino Resort. Since the gaming site opened in July 2021, Pickering has received $7,842,293.

These 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.

Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province.

“Municipality Contribution Agreements are an important source of funding for municipalities and help deliver critical services that the people of Ontario enjoy,” said Peter Bethlenfalvy, Member of Provincial Parliament for Pickering-Uxbridge. “Land-based casinos create good, local jobs and play an important role in supporting in our economy, and the government will always support a strong and vibrant gaming sector in Ontario.”

The health and safety of customers, employees and host gaming communities remains a priority for OLG and its service providers.  Gaming sites in Ontario were subject to public health restrictions through most of the fourth quarter, including closures for a period of 26 days, which had an impact on gaming revenues and the payments to host municipalities.  Casinos were able to open at full capacity as of February 17, 2022, and all remaining public health restrictions were lifted as of March 21, 2022.

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