Tag: olg

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.

Theatre announced for Hilton site, to open in 2019

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From the Niagara Falls Review:

The city’s new 5,000-seat theatre will be located next to the Hilton Hotel and be connected to Fallsview Casino by a new enclosed walkway.

Ontario Lottery and Gaming Corp. (OLG) officially announced the site late Thursday, despite work already being done on the property for weeks. The $130 million venue will be directly behind the Hilton, facing Stanley Avenue, and is expected to open in mid-2019.

Construction and maintenance is expected to create more than 800 direct jobs.

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.

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.

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