Gamblers continue to flock to Cascades Casino in Chatham, so much so that the municipality recently pocketed more than $440,000 in host community cash.
And that’s just from revenues related to casino operations between April 1 and June 30.
Since the gaming site opened initially in Dresden in April 2001, Chatham-Kent has received $18,241,507.
These payments to host communities are based on a formula in the Municipality Contribution Agreement that is consistently applied across all land-based casino sites in Ontario using a graduated scale of gaming revenue at the hosted site.
“Investing OLG’s profits back into host communities is another example of our government’s continued efforts to strengthen local infrastructure and community programs,” said Stan Cho, Minister of Tourism, Culture and Gaming, in a media release. “We remain focused on working with our municipal partners to ensure that communities across Ontario have the supports in place to empower their residents to lead active, fulfilling lives and enable local businesses to thrive.”
