Tag: payment

    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.

    Looming casino revenue loss could hit Niagara Falls hard

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    From WIVB Channel 4 in Buffalo:

    “If we spend it now and it’s not there and this thing lasts for quite some time it can cause a lot of problems,” said Andrew Touma, Niagara Falls City Councilman.

    Touma is calling for a 90-day moratorium on casino revenue spending following the Seneca Nation’s announcement to discontinue payments to the state.

    “We collect about $16 million a year and of that money around $11 or $12 million per year is used in the general budget. Just to cover expenses in the general budget and then we use other monies for capital projects,” said Touma.

    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 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.

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