Tag: olg

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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Bids set to open for casino theatre

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From the Niagara Falls Review:

Those who want to develop a new entertainment complex attached to Fallsview Casino will be able to make their bids starting this fall, according to Niagara Falls Mayor Jim Diodati.

Diodati said he was told by Ontario Lottery and Gaming that the provincial Crown corporation plans to open up the request for proposals process for bidders around October or November.

“I’ve seen some great expressions of interest already,” said Diodati. “I’ve seen some designs, concept plans and architectural renderings — there are going to be some significant proposals.”

Niagara Falls politicians and tourism officials have been pushing for years for a new 7,000-seat entertainment theatre.

OLG funds used to cover Falls budget shortfall

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From Niagara This Week:

Not wanting to stick ratepayers with a potential $62 increase on their tax bills, councillors decided Tuesday to take a $2.9-million shortfall in revenues by taking the money from the City’s OLG reserve fund.

The shortfall came about after the Region reversed its tax policy to create a separate primarily for tax levies on the city’s two casinos, primarily the large Niagara Fallsview Casino Resort. The Region made the decision based on a provincial re-assessment of the value of the property. The re-assessment is currently under appeal.

“I don’t think it would be fair or realistic to say to taxpayers, we’re getting over $20 million from the OLG and now we’re going to raise your taxes.”

Mayor Jim Diodati called the situation a “frustrating” one.

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