Ontario seeks new Niagara casino investors and cuts the tax rate for operators

Standardized tax rate

9.75 % for Niagara casino operators

Ontario will set a standardized gambling tax rate of 9.75 per cent for Niagara operators. Current rates are not public, but two industry sources put them above 40 per cent.

Expressions of interest due

Up to three new operators will each have to invest at least $1.5 billion and pay a $100-million entrance fee. Interested operators have until Dec 3 to respond.

Niagara Falls NDP MPP Wayne Gates said the government must consult residents and protect casino workers. Liberal MPP Rob Cerjanec said it has never released a business case for new casinos.