Latest News
OLG makes payment to hosting city

The Canadian company Ontario Lottery and Gaming Corporation (OLG) has made a fourth-quarter non-tax gaming revenue payment of US$348 million to the City of Sault Ste. Marie for hosting Gateway Casinos – Sault Ste. Marie. The payment corresponds to the first three months of 2018.
Charles Sousa, minister of finance of Ontario, said that OLG offers host municipalities significant revenues every year, which the municipalities invest in local priorities and infrastructure projects. He added further: “These types of investments also stimulate job growth and promote economic development across the province.”
The payments are made under an equitable formula in the Municipality Contribution Agreement that establishes how much municipalities receive for hosting gaming facilities and are based on a graduated scale of gaming revenue that is consistent city-wide. OLG is Ontario government’s largest source of non-tax revenue with approximately US$2 billion annually.
Source: focusgn.com
-
Affiliate Industry5 days ago
Affiliates are the key to unlocking operator success in Africa
-
Asia5 days ago
Asian Poker Tour Announces Cancellation of APT Manila 2025
-
Asia5 days ago
Birmingham City Forms Alliance with GOD55 as Their Official Asian Betting Partner
-
Compliance Updates5 days ago
EPIC Global Solutions highlighted as a key element in PrizePicks’ iCAP Accreditation
-
eSports5 days ago
TEAM VITALITY WINS BLAST OPEN SPRING 2025 AND EXTENDS WIN STREAK TO 16 MATCHES
-
Africa4 days ago
Springbok Casino is Offering 25 Free Spins in Honour of South Africa’s Top 5 Wild Egg Hunters
-
Asia4 days ago
Asia Pioneer Entertainment Holdings Limited Announces FY2024 Annual Results: Returns to Profitability with Strong Revenue Growth
-
Africa4 days ago
Play’n GO announces landmark South African partnership with Hollywoodbets