City of Greater Sudbury recognizes OLG for community enhancement project funding
Nov 3, 2015
For immediate release
Tuesday, November 3, 2015
The City of Greater Sudbury thanked the Ontario Lottery and Gaming Corporation (OLG) for their continued support during a cheque presentation before the City Council meeting on Tuesday.
The City received $2,285,426 for the April 1, 2014 to March 31, 2015 fiscal year from revenues generated by the OLG Slots at Sudbury Downs. These payments are made under an equitable formula in the Municipality Contribution Agreement that determines the funds municipalities receive for hosting an OLG gaming facility and are based on an escalating scale of gaming revenue that is consistent across all sites in Ontario.
“The whole of the City of Greater Sudbury and its residents continue to benefit from the partnership with OLG,” said Greater Sudbury Mayor Brian Bigger. “Thank you to OLG for supporting Greater Sudbury and helping make this great community an even greater place to live, work and play, year after year.”
These annual contributions from OLG are placed in the City’s general revenue accounts and are invested into capital projects throughout the community, such as roads.
“OLG is especially proud of the relationship we’ve built in Greater Sudbury over the last 16 years,” said Jake Pastore, OLG’s Director of Municipal and Community Relations. “Each and every year 100 per cent of OLG proceeds are invested in Ontario. From healthcare, to education, to community festivals, OLG proceeds are hard at work in Greater Sudbury and all across our province. And, we appreciate the contribution of our slot employees in making life in the community that much richer.”
To date, Greater Sudbury has received $35 million in non-tax gaming revenue for hosting OLG Slots at Sudbury Downs.
For more information about OLG, please visit www.olg.ca.