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…
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…
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.
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…
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…
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…
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.
From a CNW Group press release: The future for Casino Niagara was unveiled today, with the finalization of a long-term lease between the Ontario Lottery and Gaming Corporation (OLG) and Canadian Niagara Hotels Inc. (CNHI). “The McGuinty government has delivered on its commitment to ensure that Ontario not only maintain two casinos in Niagara Falls…
From the Niagara Falls Review: Ask the Ontario Lottery Gaming Corp. how much money Ontario’s four “resort” casinos contributed to the government’s coffers last year -after expenses -and the agency will happily answer: $217 million. Inquire about the net revenue from any one of the casinos individually, though, and you’ll be told you can’t have…