Elora’s Elements Casino Grand River could see revenues fall by 30 per cent as a result of a new online gaming option to be rolled out across the province.
At yesterday’s virtual economic development committee meeting, Jessica Dunbar, General Manager of Elements Casino Grand River, spoke as a delegate to seek support from the committee to lobby for taxation regulations for iGaming sites.
She says physical casinos have different regulations and standards from a municipality perspective and that partnership will be different when iGaming becomes available.
She says land-based casinos in Ontario are taxed 55 per cent of net gambling proceeds and iGaming sites will only be taxed 20 per cent.
Mayor Kelly Linton volunteered for a delegation at the 2022 Good Roads Association Conference in April to lobby against the provincial government’s taxation policy for new provincial internet gaming sites.
Dunbar says the Ford government will be opening iGaming in all sectors on April 4.
