Участник:The Ontario Lottery and gaming company reached an estimated allocation of C$705,606
Money was later said to be used for various projects and improvements throughout the region. This Monday was a special Monday for Peterborough. Because the town was expecting the introduction of generous checks with allocations generated from casino game revenues. Mayor Diane Terrien received the money from representatives of Ontario Lottery and gaming companies at a special meeting.
Casino Revenue Fund Regional Project Peterborough-Kartha MPP Dave Smith noted that Peterborough is expected to benefit significantly from the allocation that will later be used to improve local infrastructure, various charities in the region and finalize larger projects that require additional funding.
Details of the settlement are positive for Peterborough, as the community can wrap around 4% of the game revenue generated through the game table. In addition, the city safe can also receive 5.25% of the revenue accumulated through slot games until casino venues reach C$65 million, at least since the beginning of its operations.
The community expected the payment this year, as significant progress is expected across the region and millions of Canadian dollars are expected to be invested in beautification work and new construction. Initial estimates suggest that the total amount allocated could amount to about C$4 million, with regional officials already distributing some to several projects.
Great Canadian Companies Expect More From 2019 A special vote in January decided that a new casino game reserve of C$4 million should be introduced. The Peterborough Humane Society was supposed to pack C$400,000 to spend this extra money on the construction of a new C$9.5 million concert hall on Television Road. The project has a total cash size of C$1.5 million committed to view between 2017 and 2021.
This year, it will also bring in about C$200,000 to introduce new splash pads across the region. The new terrestrial geysers will be built at Olympus Park and Hamilton Park, a project aimed at diversifying the town's recreational areas. The incentives for affordable housing will also be financed by casino revenue, and this year it received a C$100,000 allocation from Shorelines Casino.
The total amount allocated by city officials amounts to C$1.1 million. The Canadian gaming company overseeing the casino venue will be committed to many improvements and essential changes this year, such as the recent announcement that Mr. Terrence Doyle has been promoted to strategic growth and chief compliance officer since March 11, 2019.