Ajax earns $862,000 in casino revenue in fourth quarter
Published on April 21, 2022 at 11:37 am
The Town of Ajax has just won a big check worth $862,801 from the Ontario Lottery and Gaming Corporation (OLG), the Town’s share of the profits of the Ajax Casino.
The cash represents fourth quarter revenue (January 1 to March 31) from the racetrack and casino, bringing the total received from OLG in fiscal year 2021-22 to $3,636,964 in gaming revenue Since the gambling site opened in February 2006, Ajax has received $97,459,161.
These payments to host communities are based on a formula applied uniformly across all gaming sites in Ontario using a graduated scale of gaming revenue at the hosted site.
Casino gaming revenue contributes to economic development, infrastructure and employment. Payments to host communities are part of OLG’s commitment to Ontario – 100% of OLG’s profits are reinvested in the province.
“Municipal Contribution Agreements are an important source of funding for municipalities and help provide essential services that benefit Ontarians,” said Peter Bethlenfalvy, Minister of Finance. “Land-based casinos create good local jobs and play an important role in supporting our economy, and the government will always support a strong and vibrant gaming sector in Ontario.
The health and safety of customers, employees and host gaming communities remains a priority for OLG and its service providers. Gaming sites in Ontario were subject to public health restrictions for most of the fourth quarter, including closures for a period of 26 days, which impacted gaming revenue and payments to municipalities hosts. Casinos were able to open at full capacity on February 17, 2022 and all remaining public health restrictions were lifted on March 21, 2022.
Service providers have invested approximately $1.8 billion in private sector capital development across the province. Since 2017, five new casinos have been built in Ontario and several other casinos have also recently been upgraded and/or expanded.
In fiscal year 2021-22, host communities received $82,942,969 in non-tax gaming revenue. To date, host communities have received over $1.8 billion in non-tax gaming revenue.
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