From Niagara This Week:
The city is set to surpass the $100-million mark in revenues derived from hosting two OLG casinos.
Niagara Falls received a first-quarter payment of $7.8 million from the OLG as a part of its hosting agreement for Casino Niagara and Fallsview Casino Resort. The payment brings the total non-tax gaming revenue paid to the city to $98.9 million since Casino Niagara first opened its doors in 1996.
“OLG gaming revenue provide essential funding to host communities, which offers greater ability to invest in infrastructure projects as well as important local programs and services that benefit families,” said Charles Sousa, Ontario’s minister of finance. “These funds directly benefit Ontario’s critical public services such as health care and education, and local development.”