Chatham-Kent’s municipal coffers are $443,141 richer thanks to the third quarter earnings gleaned from Cascades Casino Chatham.
That brings C-K’s total earnings for the fiscal year from April 1 to March 31, to $1.3 million. Overall Chatham-Kent has received a grand total of $19,123,677 from the Ontario Lottery and Gaming Corporation for hosting the casino since 2001.
These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.
“OLG’s Municipality Contribution Agreement payments help pave the way for Chatham-Kent to build critical infrastructure and fund important programs that make a real difference for residents,” said Trevor Jones, MPP for Chatham-Kent-Leamington. “Gateway Casinos Chatham supports numerous jobs and generates significant economic activity that, in turn, enhances the well-being of our local community.”
Since 1994, host communities have received more than $2.2 billion in non-tax gaming revenue.
