OLG (Ontario Lottery and Gaming Corporation) has made its fiscal Q-3 payment to the City of Belleville, totalling $842,178 for providing the hosting of Shorelines Casino Belleville.
Shorelines Casino Belleville is a popular casino in Belleville, Ontario, Canada. It offers a variety of games and live performances. The casino is operated by Shorelines Casinos, a division of the Great Canadian Gaming Corporation.
Catching up to today, The City of Belleville has received $2.6 million for the fiscal year, covering April 1, 2022 to March 31, 2023 from OLG.
Since the opening of the gaming site in January of 2017, City of Belleville has been paid $14.7million.
“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,” stated in a press release by OLG.
“Payments through OLG’s Municipality Contribution Agreement provide host gaming communities with the support they need to fund programs and critical infrastructure to improve the lives of residents and families,” Peter Bethlenfalvy, Minister of Finance stated.
“With these revenues, municipalities are able to build better communities with more opportunities to live and work.”
OLG proudly shares its profits from gambling with its local communities, showing great corporate social responsibility by contributing to the building of the economy, infrastructure development and even creating jobs for Canadians.
Surprisingly, one-hundred percent of OLG’s profits are reinvested back into the province. Various OLG service providers across Ontario invested approximately $1.8 billion dollars in private sector capital investment across the province over the span of the last seven years.
OLG continues to provide safe and regulated gambling services to Canadians while also investing the profits back into the province for new projects and infrastructure, showing no signs of slowing down any time soon.