Ontario Lottery and Gaming Corporation (OLG) has made their second quarter payment totalling $800,021 to the City of Peterborough for hosting Shorelines Casino Peterborough announced on Wednesday morning.
The quarter was from July 1 to Sept. 30.
During OLG’s fiscal year from Apr. 1 to Mar. 31, 2024, Peterborough has received $1,589,950. Since Shoreline’s opening in October 2018, the city has amassed $10,994,315.
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 according to a press release.
“OLG continues to be a proud partner in hosting gaming communities,” said Peter Bethlenfalvy, Minister of Finance. “Municipality Contribution Agreement payments help these municipalities fund priorities such as community infrastructure, parks and recreation and local health care facilities, benefiting families and local residents.”