Tag: casino niagara

    Niagara Falls’ OLG funding surpasses $100-million mark

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    From Niagara This Week:

    The City of Niagara Falls received close to $7 million in the second quarter from the Ontario Lottery and Gaming Corporation.

    In total, $6.81 million was paid out to the City by the provincial gaming agency. The payments are part of a hosting agreement the City of Niagara Falls has with the OLG that compensates the municipality for hosting Casino Niagara and Niagara Fallsview Casino Resort. The latest payment covers the period of July through September. The latest payment brings the total funds received by the City to $14.6 million so far this fiscal year, which began in April.

    Falls receives $6.8M from OLG

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    From the Niagara Falls Review:

    The City of Niagara Falls will receive $6.8 million as part of a second-quarter, non-tax gaming revenue payment from Ontario Lottery and Gaming Corporation.

    OLG issues quarterly payments to the city for hosting Casino Niagara and Fallsview Casino.

    Since December 1996, Niagara Falls has received more than $105.7 million in non-tax gaming revenue.

    $7M upgrade at ‘here to stay’ Casino Niagara

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    From the Niagara Falls Review:

    A $7-million upgrade to Casino Niagara expected to be completed by mid November is another example the facility — which originally was meant to be temporary — is “here to stay,” says Niagara Casinos president Richard Taylor.

    “The property was starting to get a little bit tired, and it was in need of a rebuild, and that was sort of the impetus behind all of this, was the need to recreate what this property is, and to give the customers more of what it is that they’re looking for,” said Taylor.

    “But it’s not just this current project. With our partnership with (Ontario Lottery and Gaming Corporation), there’s been a $20-million investment in this property over the last couple of years, on the level upstairs, and a number of the other pieces of infrastructure here. So we’re approaching a $30-million investment at this property within the last couple of years. It’s a significant part of our business, and it’s here to stay.”

    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.

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