Just recently, the city of Hamilton hosted the Elements Casino Flamboro, marking an important milestone, earning CA$100 million in gambling revenue. Late last month, city officials and community partners gathered to celebrate community events made possible by the opening of the game accommodation in 1999.
Elements Casino Flamboro is owned by the Ontario Lottery and gaming company but operated by great Canadian Entertainment. The City bears a portion of the revenue provided through a local government donation agreement with OLG every quarter. Through the agreement, Crown shares its revenue with hosts reinvesting in the community.
Craig Betts, regional vice president of GTA West Operations at Casino Operator, said the company was proud to join OLG and celebrate its location, OLG and key milestones in the city. He said the casino allocation is a big benefit to the Hamilton area, and the company is working to continue its services to the area.
OLG filed a cheque with the city worth CA$100,503,321. The special ceremony was attended by casino general manager Sean Coyle, city's economic development chief, Hamilton Chamber of Commerce President and CEO Norm Schleehan, Greg Dunnett, and ward 15, Flambour Waterdown, Ted McMeakin.
According to OLG, the city received more than $5.3 million in provincial donation contract allocations from Crown Corporation. This was for the 2022-2023 fiscal year ended March 31, 2023, up 47% from the previous fiscal year. The funds will now be invested in the city's infrastructure and economy.
But in addition to the economic benefits of gambling earnings every quarter, Elements Casino Flamboro provides stable jobs for locals. Currently, it employs about 150 team members to help run the site, as well as employees working at the Flamboro Downs Racecourse. OLG said nearly 50% of casino employees are local residents.
Not long ago, OLG also offered a check worth CA$1,449,273 to Saltstace. Marie to host casinos in FY22-23. Since Gateway Casino Salt Ste opened. Marie. It generated nearly CA$34 million in gambling revenue for the city. The money will be used to offset some local facilities and local tax charges.
Recently, Wasaga Beach Village also shared plans for what it plans to do with some of its casino proceeds. Town officials reported that a new community health center and an out-of-hours clinic are under construction. The new facility will help villagers and other nearby communities. It is expected to operate as early as September 1, 2023.
