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OLG’s fourth-quarter affords Greater Sudbury $494,781

The Ontario Lottery and Gaming Corporation’s fourth-quarter resulted in a pledge of almost $500K due to a formula related to income at Gateway Casinos Sudbury
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Sudbury Downs.

Gateway Casinos Sudbury was successful enough in the fourth quarter (Jan. 1 to March 31) to allow payments totalling $494,781 to the City of Greater Sudbury.

The funds are awarded following a formula consistently applied across all gaming sites in Ontario, and is part of the almost $50 million the city has received since November 1999.

The recently closed fiscal year found the city receive $1,826,565.

“For decades, profits from gaming have been an important source of funding for Ontario communities, helping to deliver vital services and making a real difference for gaming host municipalities,” Finance Minister Peter Bethlenfalvy said in a media release. 

“This is one of the many different ways Ontario continues to create good-paying, local jobs that play a critical role in supporting our economy, while ensuring a socially responsible gaming environment for people to enjoy.”

 


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