Chatham-Kent has pocketed another $475,000 thanks to gamblers who visit Cascades Casino in Chatham.
The Ontario Lottery and Gaming Corporation (OLG) recently transferred its first quarter (April to June) hosting payment of $474,992 to the municipality.
Since the gaming site in Chatham-Kent opened in April 2001, the municipality has received more than $20 million.
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.
“OLG is a strong partner that provides substantial benefits to Chatham-Kent,” said Trevor Jones, MPP for Chatham-Kent–Leamington in a media release. “In addition to creating jobs at Cascades Casino Chatham, important investments in Chatham-Kent’s public services are made possible through OLG’s sharing of casino revenue.”
