2.6 C
Wednesday, April 24, 2024

Decking out the Madhouse on Market St. in Black and Gold

When the Bulldogs chose to relocate to...

SC Johnson to invest nearly $50 million in Brantford

SC Johnson announced it will invest nearly...

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 second quarter payment of $1,379,728 from the Ontario Lottery and Gaming Corporation (OLG) for hosting Elements Casino Brantford.

During OLG’s fiscal year, April 1, 2022 to March 31, 2023, Brantford has received $2,687,770.  Since the gaming site opened in November 1999, Brantford has received $93,818,946.

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. 

“Revenue from OLG’s Municipality Contribution Agreements supports host communities so they can invest in programs and services that benefit everyone, from neighbourhood parks to local festivals,” said Peter Bethlenfalvy, Minister of Finance. “These payments help to improve the quality of life and make Ontario a vibrant and exciting place 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.

Check out our other content

Most Popular Articles