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Casino Tax Concerns Raised

The way casinos are taxed in Ontario might be changing, which could impact Chatham-Kent’s coffers. dresden-slots

Mayor Randy Hope is concerned that if The Ministry of Finance decides to go with the Cost Method – which assesses a gambling facility based on the cost of the building – that the municipality will be losing out on significant tax dollars.

Council prefers the Discounted Cash Flow model, which taxes a casino based on how much money it pulls in.

Hope and Chatham-Kent Councillors are sending a letter to the Minister of Finance outlining their concerns.