City finance committee agrees to new slot-machine deal

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OTTAWA — The city will get about $1.3 million more out of a new revenue-sharing agreement for the Rideau Carleton Raceway’s slot machines that city council’s finance committee accepted Tuesday. The Ontario Lottery and Gaming Corp. offered the new deal in September. Under the old arrangement, which gave the city five per cent of the money from the racetrack’s first 450 slot machines and two per cent from the next 800 machines, the city got about $4.3 million last year. Under the new deal, the city gets a share of the cash the machines bring in — 5.25 per cent of the first $65 million, and a declining share after that, down to 0.5 per cent of any amount over $500 million.

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