Tag: casino niagara

Niagara Falls receives nearly $8 million from OLG in first quarter

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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.”

Niagara Falls council wants ‘flawed’ casino RFP process stopped

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From Niagara This Week:

The city plans to explore all “available legal avenues” with the hopes of getting the Ontario Lottery and Gaming Corporation (OLG) to halt the process of procuring a new operator for Casino Niagara and Fallsview Casino Resort.

At a special council meeting on June 22, council voted unanimously in support of a resolution that refers to OLG’s request for proposals (RFP) process as “flawed” with its emphasis on revenue for the province, while ignoring economic development and job creation.

According to a report completed by HLT consultants on behalf of the City, the OLG’s plan could result in the loss of up to 1,400 jobs at the two casinos.

$7M Casino Niagara project underway

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From the Niagara Falls Review:

Casino Niagara has started the next phase of a $7-million investment it says will “deliver an elevated” gaming and entertainment experience for all visitors.

The current phase of the project focuses on a transformation of the second level into a destination for sports fans, food enthusiasts, entertainment seekers and visitors.

Completion is scheduled for this fall.

The project includes a $3.5 million spend on infrastructure and redesign for a fresh entertainment experience that greets visitors as they walk through the doors.

An additional $3.5 million is being invested in technology and gaming, to offer guests the next generation of gaming.

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