🎰 Gananoque, TLTI see drop in casino cash | Brockville Recorder & Times

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Your browser does not support the video tag. In addition to that, table games also share 2 percent of their gaming revenue with the neighboring host communities. The issue could span over the following couple of years. No Ratings Yet. Municipality Mayors Express Concerns Andy LaCroix, Executive Director of Stakeholder Relations for Ontario, made it clear that weather conditions took their toll during the fourth quarter of the fiscal year. April 29, Author: Yolina.{/INSERTKEYS}{/PARAGRAPH} In the meantime, mayors of the two municipalities are also unaware of what caused the revenue drop. One of the positive impacts a casino venue operation could have on a given host community is the regular allocations equating to a portion of the gaming revenue generated by the casino venue. Ontario Lottery and Gaming Corporation is responsible for the distribution happening on a regular basis. The revenue generated at the said gaming venue was lower when compared to the performance over the previous fiscal year. The casino operator has the right to refuse to share more details on the revenue drop and the reasons for the current situation. Some casino patrons prefer the newer Shorelines Casino located in Belleville. He also mentioned previous Great Canadian Gaming property tax appeal seeking to lower the taxes by two-thirds. Belleville is located some km from Thousand Islands and this could be the reason why revenue plunged over the past twelve months. {PARAGRAPH}{INSERTKEYS}Gaming revenue allocations are among the most accurate indicators of a potential issue and interest drop of a given venue. Once this is done, they have the chance to put the cash to good use and invest it in various local projects, renovations, beautifications, and roadworks. It should be pointed out, that the casino operator refused to discuss the reasons for this revenue drop. Andy LaCroix, Executive Director of Stakeholder Relations for Ontario, made it clear that weather conditions took their toll during the fourth quarter of the fiscal year. According to the agreement arranged between Great Canadian Gaming Corporation and the two neighboring communities, some 2. Corinna Smith-Gatcke is Mayor of the Township of Leeds and the Thousand Islands and she pointed out that expectations have to be as realistic as possible down the road. Meanwhile, Gananoque Mayor Ted Lojko expressed concerns regarding this plunge.