In his words, the allocations fulfil important initiatives, as they have helped build numerous parks and trails, and noted the city was in great shape. Mayor Diodati said the city is lucky enough to receive the funding it does for hosting the two premium casinos. But prior to the current revenue agreement, the casino had a fixed annual rate of CA$3 million. The two bring more than CA$20 million to the city’s coffers every year. Currently, the city hosts two premium casinos owned by OLG and the gaming establishments bring tremendous value to the coffers, as they fund many important local initiatives.Įvery quarter the city is assigned a gambling revenue-sharing payment from OLG based on a percentage of the proceeds at Fallsview Casino Resort and Casino Niagara. Niagara Falls has recently received its quarterly casino-hosting allocation from the Ontario Lottery and Gaming Corporation and Mayor Jim Diodati has recently discussed its positive impact.
