Another quarter of the fiscal year has passed, meaning the Ontario Lottery and Game Company currently shares casino revenue with the host community. 릴게임 From the quarter of January 1, 2023 to March 31, 2023, the city of Niagara Falls was reported to have been paid a total of C$3.93 million for hosting two provincial casinos.
Ontario is obliged to distribute a portion of casino revenue to the city that houses the physical gaming facility through the city contribution agreement, and the remuneration is calculated using a formula that is uniformly enforced across all city gaming facilities and incorporates a progressive system of gaming revenue for each location.
In a press release, OLG announced that it had sent Canadian $28,753,394 in game payments to 29 communities hosting gaming facilities during the fourth quarter of fiscal 2022-23. The city of Niagara Falls collected about C$3.93 million in the fourth quarter to attract Crown Corporation's Fallsview Casino Resort and Casino Niagara to the city.
For the fiscal year ended March 31, 2023, Crown Institution donated approximately C$19.9 million to the two casinos. Since the opening of the city's first casino, Niagara Casino, in December 1996, the city has now received a total gambling allocation of C$194.9 million to power the local economy and boost local finances.
Not long ago, Ontario Finance Minister Peter Bethlenfalvy noted that OLG's city contribution agreements and allocations build a strong community where people and families can enjoy a high quality of life. The proceeds, he said, have helped local programs and critical infrastructure, while making a real difference for the host municipality.
Meanwhile, OLG said it was pleased to share the profits from casino operations with the community while contributing to economic recovery, infrastructure development and job creation. It was also reminded that 100% of the revenue is reinvested in Ontario, and allocation to host communities is part of that commitment.
In addition to sharing game revenue, OLG organizes numerous events to help Ontario people. Recently announced on April 26, 2023 that it will host the bawatting career expo with its community partners in kinuage kamig, Shinwaq. It will be held on Wednesday, April 26, 2023 from 10:00 a.m. to 3:00 p.m. and will open with a special drum and smudge event.
Crown Corporation also said it has donated a total of C$91,132.00 to six basketball organizations in the province with the Toronto Raptors this month. As part of the plan, OLG and the team made donations whenever users played free Burrow Ballers games on the Toronto Raptors app from March 23 to April 6, 2023.
