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HomeNewsOLG issues fourth quarter casino revenue payment to Cavan Monaghan

OLG issues fourth quarter casino revenue payment to Cavan Monaghan

The Township of Cavan Monaghan got a $724,000 windfall today from the Ontario Lottery and Gaming Commission.

The non-tax gaming revenue payment of $724,045 to the Township is for hosting Shorelines Slots at Kawartha Downs. Since November 1999, Cavan Monaghan has received more than $55.3 million in non-tax gaming revenue according to OLG. 

“Revenue from OLG gaming sites allow host communities to invest in important local initiatives such as infrastructure and community programs,” said Jeff Leal, MPP for Peterborough. “These funds also help to provide public services, such as health care and education, to people across the province.”

These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario. 

The Township is set to lose this money after the Casino moves to the City of Peterborough.

&nbspphoto credit: greytendo L O V E via photopin (license)

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Pamela Vanmeer
Pamela Vanmeerhttps://www.kawartha411.ca/
Pamela VanMeer is a two time winner of the prestigious Radio Television Digital News Association (RTDNA) Award. Her investigative reports on abuse in Long Term Care Homes garnered international attention for the issue and won the Ron Laidlaw Award. She is a former reporter and anchor at CHEX News, now Global Peterborough and helped launch the New CHEX Daily, a daily half hour talk show. While at CHCH News in Hamilton she covered some of the biggest news stories of the day.

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