Chatham-Kent will have a new casino

A Cascades casino will be built in Chatham-Kent, Gateway Casinos announced Thursday.

Casino construction is expected to begin in the spring when provincial and municipal authorizations are obtained.

The new building will be located on Richmond Street near Keil Drive.

The mayor of Chatham-Kent, Randy Hope, said in a statement that the casino would be an economic opportunity for the municipality.

In particular, he explains that 0.5% of slot machine revenues will fall in the city’s coffers.

“When you combine these revenues with the jobs that the casino will bring, it creates an economic force for our community,” he says.

“I want to personally thank Chatham-Kent Mayor, Randy Hope, for his leadership and co-operation in bringing this deal to a close. I also want to extend my gratitude to the staff at the municipality of Chatham-Kent and Chief Administrative Officer Don Shropshire. We are delighted to reveal what we think will be an amazing new addition to the many attractions that draw people to Chatham-Kent and the surrounding region,” said Keith Andrews, Senior Vice President and Managing Director for Gateway Ontario.

During the 2016/17 operating year, Chatham-Kent received $700,000 in hosting fees from Ontario Lottery and Gaming.

Gateway Casinos will unveil more details about the casino in the coming months.

The nearby Dresden Casino, also owned by Gateway, will continue to operate.

Jackson Bey

Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.

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