TORONTO, May 17, 2013 /CNW/ - Today OLG announced a new funding formula
as part of our Municipality Contribution Agreement (MCA). The new
formula provides more money to all host municipalities, while ensuring
equal treatment across the province.
The City of Niagara Falls as host of two resort casinos, which has until
now been receiving fixed fees, will now also be compensated under the
Under the new formula, the City of Niagara Falls could receive
approximately $23.5 million annually to host Fallsview Casino and
Last year, Niagara Falls received $7.2 million, which included a flat
hosting fee and payments for police services.
For host municipalities across the province, the opportunity to host a
gaming facility continues to be excellent: jobs, economic development,
capital investment, hosting fees and property tax.
Note: The estimated hosting fee for Niagara Falls is calculated using
revenue figures at Fallsview Casino and Casino Niagara for Fiscal 2013,
and is meant for illustrative purposes only.
For further information:
OLG MEDIA RELATIONS 1.888.946.6716