Latest OLG gaming revenue reflects mid-March casino shutdown

Wednesday 22nd April 2020

While the casino doors have been shut for more than a month, the Ontario Lottery and Gaming Corporation has issued a fourth-quarter gaming revenue payment of $328,430 to the Municipality of Chatham-Kent.

The payment covers the period from Jan. 1 to March 31 for being the municipal host to Cascades Casino Chatham, which opened in July 2019.

Acting together on the advice of public health authorities, OLG and its service providers temporarily closed all casinos in Ontario on March 16. The casino closures remain in effect until it is safe to resume operations.

"During these unprecedented times, we all feel a closer connection to our local community. Often the biggest impacts are the result of actions we take to help our neighbours," said Rick Nicholls, MPP for Chatham-Kent-Leamington, in a media release on April 21.

"This fourth-quarter payment comes at a vital time as all levels of government work together to support people and employers during the COVID-19 pandemic."

OLG makes payments to host communities under the municipality contribution agreements, using a formula consistently applied across all sites in Ontario that is based on a graduated scale of gaming revenue at the hosted site or sites.

Due to the temporary closure of all gaming sites, this quarter's payment was impacted by approximately 15 days of revenue, and OLG expects the July 2020 payment will also be impacted, the release stated.

In the 2019-20 fiscal year, the Municipality of Chatham-Kent received a total of $1,420,573. To date, Chatham-Kent has received more than $13 million in non-tax gaming revenue.

Source
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