The city of London has received its quarterly payment from the Ontario Lottery and Gaming Corporation (OLG) for hosting Gateway Casinos. The payment, which totals just under $1.5 million for the second quarter, adds to the city’s growing financial contributions from the OLG.
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More Than $3 Million in OLG Payments This Fiscal Year
London has already received over $3 million in payments from OLG during this fiscal year, a vital source of revenue for the city. These funds play an essential role in supporting local initiatives and community programs throughout the area.
Land-Based Gaming Drives Local Economic Activity
Stan Cho, Minister of Tourism, Culture, and Gaming, emphasized the importance of land-based gaming in Ontario. He stated, “As it has for decades in Ontario, land-based gaming continues to serve as a source of good local jobs and generates vital economic activity in the communities that host gaming sites.”
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OLG’s Impact on Community Development
The proceeds received through the Municipality Contribution Agreement between OLG and local governments help fund important projects and services. “From helping build neighbourhood parks to supporting community programs, proceeds received through the Municipality Contribution Agreement with OLG help make municipalities all across the province better places to live and work,” added Cho.
These payments from the OLG provide significant support for local development, ensuring a continued positive impact on London’s economy and community well-being.
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