The Town of Hanover has collected some much-needed funding for hosting Gateway Casinos. Ontario Lottery and Gaming Corporation (OLG) has issued a fourth-quarter (January 1 to March 31, 2020) non-tax gaming revenue payment of $255,763.
Acting together on the advice of public health authorities, OLG and its service providers temporarily closed all casinos in Ontario on March 16, 2020. The casino closures remain in effect until it is safe to resume operations.
OLG makes payments to host communities under the Municipality Contribution Agreements, using a prescribed 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’ worth of revenue and OLG expects the July 2020 payment will also be impacted.
“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 MPP for Bruce—Grey—Owen Sound.Bill Walker, “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.”
In the 2019-2020 fiscal year, the Town of Hanover received a total of $1,386,228. Lifetime payments to Hanover add up to more than $19 million in non-tax gaming revenue.
