City has received more than $39M since Gateway Casinos Sault Ste. Marie opened in 1999<\/p>\n
NEWS RELEASE
\nOLG
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\nOntario Lottery and Gaming Corporation (OLG) is pleased to make a first-quarter (April 1 to June 30) payment totalling $425,543 to the City of Sault Ste. Marie for hosting Gateway Casinos Sault Ste. Marie.<\/p>\n
Since the gaming site opened in May 1999, Sault Ste. Marie has received $39,308,036.<\/p>\n
These payments to host communities are based on a formula consistently applied across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.<\/p>\n
Since 1994, host communities have received more than $2.4 billion in non-tax gaming revenue.<\/p>\n
OLG is proud to share proceeds of casino gaming with local communities, contributing to economic development including infrastructure and job creation. Payments to host communities are part of OLG\u2019s commitment to Ontario, which includes reinvesting 100 per cent of OLG\u2019s profits back into the province.<\/p>\n
Over the past 10 years, service providers have invested more than $3 billion in private-sector capital investment across the province. These investments have led to the development and opening of seven new casinos, two large-scale resort developments and expansions, many gaming floor expansions and new non-gaming amenities.<\/p>\n
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