Ontario Benefits From 3rd Quarter Casino Payments
It was announced last week that the Ontario Lottery Gaming Corporation has secured a 22 year agreement with Ontario GTA LP for the use of their GTA gaming bundle. This casino operating services agreement is a welcome measure. It marks the fifth gaming bundle that has been transitioned to a provider in Ontario.
Ontario is well on its way to fully modernise all its land based casinos and this new agreement is just a further step in that direction. This modernisation is hoped to lead to some much needed vibrancy in the industry, like the vibrancy you can find online at Lucky Nugget casino Canada. In addition to the GTA bundle, Ontario Gaming GTA LP will also take responsibility in running day-to-day admin at the Woodbine racetrack, Ajax Downs and Great Blue Heron, with regards to OLG Slots.
These three venues gross around CA$ 1 000 000 each year making it one of the most reliable and biggest bundles that OLG has awarded. The three venues together make up around 4000 slots, 60 table games, 2200 staff and many happy customers. Ontario is planning on renovating these venues to meet new customer expectations. This includes building additions like meeting halls, conference centres, expansion of the gaming areas and more.
Ontario Delivers On Their Promises
This month also saw Ontario Lottery and Gaming make their third quarter revenue payment to the City of Niagara Falls. This $6.1 million lump sums goes straight to the city coffers. This was in return for the hosting services rendered to the Falls View and Niagara Casinos. So far Niagara has benefited over CA$ 111 000 000 dollars since OLG started taking over gaming management in the region.
These payments have very diverse applications for the municipality. They help broaden the range and scope of local public services and also plug budget gaps for social projects. This reciprocal relationship between casinos and the community are an essential part of a happy gaming community.
The city of Windsor also received a tidy windfall of over CA$2 million from OLG this month. Caesars Windsor has so far generated over CA$46 million for the city. These funds get invested back into the local community so that everyone benefits from casino gaming.
Belleville also received their quarterly revenue returns for hosting Shoreline Casino. They received a payment of $736 285. In total the OLG pays back around $2 billion every year. This is Ontario’s largest source of non-tax income.
What Lies Ahead
Ontario has one of the most progressive and well-run casino gaming industries in the world. While they have not fully embraced online gaming, it is clear that with their modernisation efforts they have taken it into account. Ripples from America shows that the online gaming industry is here to stay and many legislators and citizens are more than up for legal online gambling services.
America has shown how online and land based gaming can be integrated in a safe and meaningful manner. This new paradigm in gaming could be what is needed to push Ontario‘s gambling revenues even higher.