Tag: olgc

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…

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.

OLGC makes 1Q payment to Niagara Falls

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From Buffalo Business First:

Using a year-old revised formula, the Ontario Lottery and Gaming Corp. has made a $6.715 million (Canadian) revenue payment to the city of Niagara Falls, Ont.

The OLGC’s first quarter ended on June 30.

The payment is based on the city’s share of first quarter revenues generated from Casino Niagara and Fallsview Casino Resort. Since the new funding formula was established last year, Niagara Falls has received more than $27.9 million in non-tax gaming revenues from the OLGC.

City receives nearly $5 million from OLG

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From Niagara This Week:

Nearly $5 million more was added to city coffers as The Ontario Lottery and Gaming Corporation (OLG) issued its third-quarter payment for hosting two casinos.

In total, the OLG paid the city $4,780,702 for hosting Casino Niagara and Fallsview Casino Resort.

Entertainment site eyed for N.F., Ont. casino

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From Buffalo Business First:

The Ontario Lottery & Gaming Corp. has taken the first step to develop a 5,000-seat entertainment venue that would part of its Niagara Fallsview Casino Resort complex.

The OLG has issued a “request for information” from the development and entertainment community focusing on the possibility of constructing a “privately-funded, multi-purpose entertainment center.” It could either be directly connected to the casino or constructed nearby in Niagara Falls’ Fallsview business and entertainment district.

See also:

Niagara Falls Calls For More Casinos and OLG Investment in Existing Casinos

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From Yahoo! Canada Finance:

The city of Niagara Falls has put out the welcome mat for investment by the world’s gaming sector, unanimously passing a City Council resolution asking Premier Kathleen Wynne and her Finance Minister to allow new gaming sites in the city and to direct Ontario Lottery & Gaming Corp. (OLG) to include the city’s two existing resort casinos in its modernization program.

“Niagara Falls is the premier gaming destination in Canada and a global brand that attracts millions of international tourists,” said Mayor Jim Diodati. “It is the logical place in Ontario to expand the gaming sector and attract more tourism, jobs, investment and spending.

Council defers talk on new casino cash until OLG agreement signed

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From the Niagara Falls Review:

The city’s wish list for its new casino cash windfall will have to wait.

Council deferred discussions on what to do with hefty new funds expected this year from Ontario Lottery & Gaming until the new funding agreement is officially signed. The OLG has given the city a Sept. 30 deadline to enter into a new agreement which will see Niagara Falls receive an estimated $18 to $20 million for hosting two casinos.

The new funding formula replaces the guaranteed $3 million the city receives per year.

Council will wait until its September or October meeting to start discussing the funds.

Casinos bring $6.4 million to Niagara Falls, Ont.

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From Buffalo Business First:

Niagara Falls, Ont., has received a windfall of $6.4 million for hosting two casinos.

The money from Ontario Lottery and Gaming Corp. is provided under a new funding formula, according to the Niagara Falls Review.

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