Tag: olg

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.

Special council meeting Thursday

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From the Niagara Falls Review:

A special council meeting has been called for Thursday to discuss the city’s continued concerns about Ontario Lottery and Gaming’s modernization plan.

“We’ve gone on record with having serious concerns with modernization, the way it’s being rolled out, and serious concerns of up to 1,400 jobs being in jeopardy (at the casinos in Niagara Falls),” said Mayor Jim Diodati.

“We’ve done a couple of public meetings and rallies and gatherings (opposing the plan) – we’ve met with the provincial government, we’ve met with OLG, and (Thursday’s meeting will be about) next-step endorsements from council.”

Council is also scheduled to deal with a funding grant application for this year’s New Year’s Eve concert.

Casino concerns bring Niagara officials to Queen’s Park

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Wow… it doesn’t matter what side of the river you are on, everyone seems to be concerned about casino revenue and related jobs!

From the Niagara Falls Review:

The day after the Ontario Lottery and Gaming Corporation started a process to find new operators for Casino Niagara and the Fallsview Casino, a delegate from Niagara will head to Toronto to speak out against potential job losses. Read More…

Concerns over Niagara Falls casino jobs not being taken seriously: Diodati

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From Niagara This Week:

The province is moving ahead with the modernization process for gaming in the city after the Ontario Lottery and Gaming Corporation (OLG) issued request for proposal (RFP) documents to pre-qualified proponents selected to bid on the Niagara Gaming Bundle. Read More…

Yuk Yuk’s president angry over Falls club closure

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From the Niagara Falls Review:

Yuk Yuk’s isn’t laughing about how its 10-year relationship with Casino Niagara came to an end last month.

In early January, management at Casino Niagara closed the comedy chain’s Niagara Falls club as part of a $7 million upgrade to the facility. A casino spokesperson said the space was needed for “new development ideas.” Read More…

OLG makes Q3 payments for hosting casinos

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From the Niagara Falls Review:

The Ontario Lottery and Gaming Corporation has issued its third-quarter non-tax gaming revenue payment of $5.6 million to the City of Niagara Falls.

The payment, from October to December, was issued to the municipality for hosting Casino Niagara and Fallsview Casino.

Ontario’s Minister of Finance Charles Sousa said OLG gaming site revenue provided to host municipalities “helps communities invest in local priorities such as infrastructure, programs and services that benefit Ontario families.”

Since December 1996, Niagara Falls has received more than $85.5 million in non-tax gaming revenue.

Niagara Falls wants say in next casino operator

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From the Niagara Falls Review:

Niagara Falls wants its voice heard as Ontario Lottery and Gaming Corp. seeks a service provider to run the day-to-day operations of the city’s two casinos.

“We’re very supportive of separately managed properties, so that we can utilize the benefits of competition,” said Coun. Victor Pietrangelo.

“We’d like to see both properties, not just one, re-branded and re-developed.”

He said while the province is trying to find out what works best for its gaming modernization plan, the city needs to “let them know what works best for us.

“First and foremost is the long-term security of the employees at both of our casinos. Secondly, we have the businesses that rely on the casinos, and also the people that are employed by those businesses,” said Pietrangelo.

Niagara Falls receives latest OLG payout

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From Niagara This Week:

More than $7 million has been added to City coffers after The Ontario Lottery and Gaming Corporation (OLG) its first-quarter share of casino revenues

The City received a non-tax gaming revenue payment of $7,153,022 for hosting Casino Niagara and Fallsview Casino Resort. Since December 1996, Niagara Falls has received more than $73.6 million in non-tax gaming revenue.

OLG to include Falls casinos in modernization

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From the Niagara Falls Review:

A new service provider could operate the two casinos in Niagara Falls in 2019.

Ontario Lottery and Gaming has notified Falls Management Group, which operates Fallsview Casino and Casino Niagara on OLG’s behalf, it will not be extending its contract beyond its original term, which ends June 10, 2019.

Instead, OLG expects to issue a request for pre qualification this summer as part of a process to enter a new operating agreement under a new modernization plan.

OLG spokesman Tony Bitonti said Falls Management Group is free to take part in the bidding process.

Niagara Falls receives Q4 payment from OLG

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From Niagara This Week:

City coffers have swelled by more that $5 million as The Ontario Lottery and Gaming Corporation (OLG) issued its fourth-quarter (January to March, 2016) non-tax gaming revenue payment.

In total, the City received $5,275,019 for hosting Casino Niagara and Fallsview Casino Resort. Since December 1996, Niagara Falls has received more than $66.4 million in non-tax gaming revenue.

This year alone, payments to the City have come in at more than $23 million.

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