OLG hands outs gaming winnings to Windsor, Chatham
The Ontario Lottery and Gaming Corporation (OLG) has issued its fourth quarter payments to the City of Windsor and Municipality of Chatham-Kent for hosting casinos.
On Friday, OLG announced a $1,991,973 quarterly payment to the city for hosting Caesars Windsor while a $460,660 payment was produced for Chatham-Kent playing host to the Cascades Casino in Chatham.
“For decades, profits from gaming have been an important source of funding for Ontario communities, helping to deliver vital services,” said Peter Bethlenfalvy, the finance minister, in a news release.
The payments for the period of January 1 – March 31 caps a fiscal year that saw a total of $9,878,268 to boost Windsor’s public purse while $1,652,698 was sent to Chatham’s municipal coffers.
Windsor has cashed out a total of $92,317,774 through OLG gaming revenue since the casino opened in May 1994.
Chatham-Kent has received a total of $17,799,465 in revenue since the gaming site opened in April 2001.
OLG, a crown corporation, reinvests 100 per cent of its profits in the province.
CTVNews.ca Top Stories
BREAKING Parents of infant who died in wrong-way crash on Ontario's Hwy. 401 were in same vehicle
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Loblaw leaders push back on 'misguided criticism' of grocer as boycott begins
Loblaw's new chief executive, as well as chairman Galen Weston, pushed back on what they called 'misguided criticism' of the grocer as a push to boycott the company gains steam online.
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
Canada's financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.
Orangutan observed treating wound using medicinal plant in world first
Scientists working in Indonesia have observed an orangutan intentionally treating a wound on their face with a medicinal plant, the first time this behavior has been documented.
This Canadian restaurant just lowered its prices. Here's how it did it
A Canadian restaurant lowered its prices this week, and though news of price tags dropping rather than climbing sounds unusual, the business strategy in this case is not, according to experts in the field.
Prince William and Kate release photo of daughter Charlotte to mark ninth birthday
Prince William and his wife Kate released a picture of their daughter Charlotte to mark the princess's ninth birthday on Thursday.
Doctors concerned about potential spread of bird flu in Canada
H5N1 or avian flu has been detected at dozens of U.S. dairy farms and Canadian experts are urging surveillance on our side of the border too.
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem
Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge.
B.C. mayor stripped of budget, barred from committees over Indigenous residential schools book
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.