Centre Wellington receives $450,000 in latest OLG payment for hosting casino

These losses are divided amongst the credit departments of four casinos, but OLG would not say how. After all, the casino operators they license have reputations to protect. I have the impression that Mr. Bruser probably had this reaction too, and when you’re a reporter you spring into action when somebody describes the worst idea in the universe. Bruser asked the Ontario Lottery and Gaming Corp. if it had ever lost any money when customers defaulted on house credit. OLG, being a Crown corporation that is accountable to the public, immediately provided the reporter with all the detailed information he wanted.

  • Several banking options include Visa, MasterCard and INTERAC online transfer.
  • Seems like they have 2 promotions going for existing users.
  • A Player should review the applicable Bonus Funds Terms prior to accepting an offer of Bonus Funds.
  • Yes, because OLG is responsible for conducting and managing online gaming in Ontario only, players must be within this province of Canada to play in this casino.
  • With the criminal investigation now concluded, AGCO plans to conduct a regulatory review of the gaming entities to assess the effectiveness of their controls in meeting obligations under the Gaming Control Act, its regulations and the Registrar’s Standards for Gaming.

OLG prioritizes player health in the development of new product offerings and ensures our award-winning PlaySmart responsible gambling program tools are available at all times to help players keep the fun in their game. Must be 19+ to play casino games or bet on sports and 18+ to play lottery games on OLG.ca. A Player will not be entitled to specify any other payment method or currency of payment for a withdrawal. For example, a Player will not be able to withdraw Unutilized Funds to a credit card even if the Player used a credit card to deposit funds with OLG for purposes of funding the notional balance of their Player Account. OLG, in its sole discretion, may from time to time return Unutilized Funds to a Player by other appropriate means. In a largely cashless world, this is a baffling statement. OLG supposedly does not extend house credit anyway until customers prove they have funds in an account somewhere to cover the loan when 30 days are up. What the corporation is discovering, to its apparent surprise, is that sometimes the collateral account is empty 30 days later. Why not just create accounts for high-rolling gamblers at the casino and have them deposit funds electronically before playing? Used-car lots don’t hand out interest-free credit to prevent buyers from wandering onto the lot with “pockets full of money.” Not that this is something you would ever expect to hear a car salesman complaining about.

Save time, save money!

The Ontario Lottery and Gaming Commission has long said a Toronto casino would rake in between $50-million and $100-million for the city, but the premier has told its chair to ensure all municipalities get the same deal. With the criminal investigation now concluded, AGCO plans to conduct a regulatory review of the gaming entities to assess the effectiveness of their controls in meeting obligations under the Gaming Control Act, its regulations and the Registrar’s Standards for Gaming. Upload a CV to easily apply to jobs from anywhere. Since the first casino opened in December 1996, the city has received almost $175 million.