'We are thrilled to invest the casino revenues back into our greater community. Pickering will share up to 30 per cent of its revenues with the Region of Durham, and we suggest that a portion of these funds be earmarked for social housing in order to secure matching funding from the senior levels of government. 'With respect to augmenting gaming revenues, economic development, boosting tourism, and significant job creation, Durham Live represents an unparalleled opportunity for Durham Region and the Province of Ontario. We thank the Developer - the Apostolopoulos family OGGLP and the Province for their shared confidence in Pickering,' said Mayor Dave Ryan. By resolution of Council, the City had committed to revenue sharing back in 2012. The concept of Durham Live has always been about creating employment, excitement, opportunity, and prosperity for all of Durham Region. Pickering willingly sharing its gaming revenue bolsters this broad and inclusive approach to region-building. Triple Properties has already reached out to the Ontario Ministry of Tourism, Region of Durham Tourism, and Central Counties Tourism to see how they could collaborate in boosting overall tourism in the region.īased on the size and scale of the planned Durham Live Casino, host payments to Pickering are expected to be approximately $20 million or more per year upon full development. Upon build out, it has the potential to be one of Ontario's top tourism destinations. In addition to a full-service, resort casino, Durham Live will offer a 5-star hotel, convention centre, film studios, waterpark, boutique hotel, office tower, restaurants, cinemas, and other dynamic attractions. It is this once-in-a-lifetime value proposition that has generated significant business interest from across North America. PICKERING, ON, Ap/CNW/ - The City of Pickering thanks Ontario Gaming GTA LP (OGGLP), the GTA Gaming Bundle Operator, for choosing to locate a full-service, resort casino at the Durham Live tourist destination in Pickering.īased on an economic impact assessment prepared for the Developer, Triple Properties, it is estimated that Durham Live, anchored by a resort casino, has the capacity to contribute approximately $1.3 billion in incremental annual GDP, over $625 million in annual total tax revenues, and create approximately 10,000 new jobs.

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