🍒 Contact - Shorelines Casino Thousand Islands in Gananoque

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But the mayor said she wants to wean the township from the casino money and begin relying more on other sources of revenue. When the casino was owned by the OLG, the government agency paid a grant in lieu of taxes to the municipalities equal to its assessed value. The Vancouver-based Great Canadian Gaming Company, which purchased the Thousand Islands casino from the OLG in , declined to comment on the reasons for its financial performance, noting that it is a private company. The town puts 85 per cent of its casino money into a capital reserve, another five per cent goes to a community grant fund, five per cent is for economic development and the other five goes into a contingency fund. Nor has the casino given any explanations to the municipalities for the drop in the payments, according to the two mayors. The company has also renovated Kawartha Downs, near Peterborough, adding more slot machines. And casinos in Upper New York State are more aggressively promoting their businesses. The casino wants the Municipal Property Assessment Corporation to slash its taxes by about two-thirds. Lojko said he has contacted mayors in other communities with Shorelines casinos to see if they can co-ordinate their legal defence at the MPAC hearings. Under the agreement with the two municipalities, the casino shares 5. In the meantime, the town is salting away some money in a reserve in case the casino wins the appeal and the municipalities have to refund the back taxes, she said.

Municipal officials say the new casino has taken some customers from Thousand Islands casino.

Great Canadian refused to comment on its property-tax appeal.

Likewise in Gananoque, Mayor Ted Lojko said the town is concerned by the drop in revenue. Mayor Corinna Smith-Gatcke of TLTI said the township is lowering expectations of casino revenues, the bulk of which goes into a reserve to pay for capital projects. Both the mayors of the Township of Leeds and the Thousand Islands and Gananoque say they are concerned by the drop in municipal casino revenues. Declines in revenues of the Shorelines Casino Thousand Islands have resulted in a dramatic drop in the money paid to two local municipalities. After that, the percentage declines as the casino revenues increase. Under agreement, the township splits half of its property taxes with the town because Gananoque supplies sewer and water to the casino, which is just outside of the town limits. The casino also pays four per cent of table revenues to the town and township. We would note, however, that the weather experienced during the quarter posed some challenging conditions for our Ontario operations, including Shorelines Casino Thousand Islands. The Ontario Lottery and Gaming Commission collects the money and distributes it to the municipalities on a quarterly basis. Share Adjust Comment Print.