The City of Peterborough will receive more than $571,000 and Cavan-Monaghan Township will receive $114,000 as part of second-quarter payments of gaming revenue, the Ontario Lottery and Gaming Corp. announced Thursday.
The payments, which include revenue from July 1 to Sept. 30, are for the city hosting Shorelines Casino Peterborough and the township hosting Shorelines Slots at Kawartha Downs.
Since October 2018 when the casino opened, the city has received more than $5.5 million in non-tax gaming revenue, the OLG.
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The City of Peterborough continues to benefit from significant revenue from its Municipality Contribution Agreement, enabling investment in affordable housing and critical infrastructure, according to Peterborough-Kawartha MPP Dave Smith.
Since November 1999, the township has received almost $61 million in non-tax gaming revenue.
The funding will help support vital services for residents throughout the Township of Cavan Monaghan, said Haliburton-Kawartha Lakes-Brock MPP Laurie Scott.
Great Canadian Gaming Corp. — which owns both Shorelines Casino Peterborough and Shoreline Slots at Kawartha Downs — reopened the facilities on July 16 as part of Ontario entering Stage 3 of reopening amid the COVID-19 pandemic.
Payments are made under an equitable formula in the Municipality Contribution Agreement, which determines the amount of funding that municipalities receive for hosting a gaming facility.
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