Thunder Bay given share of OLG funds


Thunder Bay received $627,963 on Friday for hosting OLG Casino Thunder Bay.
The payment was for the host municipality’s fourth-quarter share of slots revenue (January-March, 2008).

To date, Thunder Bay has received more than $18.9 million in non-tax gaming revenue. Payments are made on a quarterly basis according to the government fiscal year, which runs April-March.
OLG Casino Thunder Bay opened on Aug. 28, 2000. Since opening, the facility has attracted more than 8.8 million visitors.
In total, OLG issued more than $17.9 million in fourth-quarter non-tax gaming revenue payments to 23 municipalities that host OLG Casinos and OLG Slots-at-racetrack facilities.
To date, OLG has distributed $541.3 million to these host municipalities.
Each municipality hosting an OLG Casino facility receives five percent of the gaming facility’s gross slot machine revenue from the first 450 slot machines and two percent from any additional machines over that number.
Funds are used at the discretion of the municipality.
In 2007/08, the province will allocate $105 million in gaming events to support charities through the Ontario Trillium Foundation (OTF). Government will increase the annual funding to OTF by $20 million by 2009/10.
Every year, the Ontario government allocates two percent of gross revenue from slot machines at OLG Casinos and OLG Slots-at-racetrack facilities to the province’s problem gambling program for research, treatment, and prevention programs.
The amount of fiscal 2008/09 is estimated at $39 million.
OLG Casino Thunder Bay is owned, operated, and managed by OLG.