19.4 C
Brantford
Wednesday, July 24, 2024

Brantford artistic swimming star headed to Olympics

After years of training and competing at...

Local physician leaves behind a lasting legacy 

After dedicating nearly 49 years to caring...

Rob Davis reflects as sun sets on career with BPS

As Rob Davis’ tenure with Brantford Police...

City of Brantford receives $1.3 million from OLG

City of BrantfordCity of Brantford receives $1.3 million from OLG

City of Brantford received a third quarter payment of $1,327,192 from the Ontario Lottery and Gaming Corporation (OLG) for hosting Elements Casino Brantford.

So far, during OLG’s fiscal year (April 1, 2023 to March 31, 2024), Brantford has received $4,098,334.  Since the gaming site opened in November 1999, Brantford has received $100,377,863.

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. 

“OLG continues to provide Municipality Contribution Agreement payments to gaming host communities for vital programs and services that benefit all Ontarians,” said Peter Bethlenfalvy, Minister of Finance.  “Land-based casinos offer good, local jobs and play an important role in supporting strong, vibrant communities for families to live, work and play.”

OLG is proud to share proceeds of casino gaming with local communities, contributing to economic recovery, infrastructure development and job creation.  Payments to host communities are part of OLG’s commitment to Ontario – 100 per cent of OLG’s profits are reinvested in the province.

Since 2017, casino service providers have invested more than $2 billion in private sector capital across the province.  These investments have led to the development and opening of seven new casinos, one planned development and numerous casino expansions and non-gaming amenities.

Check out our other content

Most Popular Articles