Existing casinos property values lowered by OLG plan
25 Mar 2013
ONTARIO -- Existing casinos are already showing some detrimental effects from the OLG's growth plan, according to a report in the Globe and Mail.The property value of five casinos has decreased, the report said.
These lowered values will have implications for the amount of property tax the casinos must pay and will therefore impact municipal budgets, the Globe and Mail reported.