OLG Makes Gaming Revenue Payment to City of Peterborough

Ontario Lottery and Gaming Corporation (OLG) announced Thursday that the City of Peterborough will receive non-tax gaming revenue payment of $571,586 for hosting Shorelines Casino Peterborough.

Shorelines Casino. Photo by Angela O’Grady.

Since October 2018, the City of Peterborough has received almost $5.5 million in non-tax gaming revenue.

“We are pleased that land-based casinos have reopened safely and are contributing to our local economy again,” said Dave Smith, MPP for Peterborough-Kawartha. “The City of Peterborough continues to benefit from significant revenue from its Municipality Contribution Agreement. This capital enables the city to invest in affordable housing and critical infrastructure as we build a foundation for recovery from the COVID-19 pandemic.”

OLG makes payments to host municipalities under the Municipality Contribution Agreements, using a prescribed formula consistently applied across all sites in Ontario that is based on a graduated scale of gaming revenue at the hosted site or sites.

Under the province's reopening framework, gaming sites were able to resume operations beginning on July 16, 2021. Casino re-opening dates were determined by each service provider in consultation with OLG, depending on their readiness and ability to operate under the mandatory restrictions. All gaming sites in Ontario resumed operations by August 16, 2021.

Engage with us on social media on Twitter, Instagram and Facebook. Write to us at tips@ptbocanada.com. Sign up for PTBOBuzz newsletter here.