From:
Check out the report on Health and Social Impacts...abysmal. Worse that it is accepted as satisfactory.
http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2012.EX24.1
Health and Social Impacts
The Medical Officer of Health (MOH) has prepared a technical report on the public health impacts of gambling and of expanded access to gaming venues. The key findings are summarized herein. The MOH's report concludes that increasing access to gambling through any means (including a casino) is associated with an increase in the prevalence of problem gambling which presently affects 0.2% of the population. Consequently, a casino located anywhere in the GTA will likely increase health risks for Toronto residents and nearby communities.
The OLG contributes approximately $40 million annually – 2 percent of its annual slot revenues – to the provincial government's programs to fund the treatment, research, prevention and public awareness of problem gambling. The corporation additionally spent $12.9 million in 2011/12 on internal responsible gambling initiatives including staff training and self-exclusion programs. OLG works with other provincial agencies including CAMH to develop staff training, and the Ontario Problem Gambling Research Centre to conduct research.
Financial
Impact
The City Manager
will engage an external firm to develop and conduct public and stakeholder
consultation using a variety of methods. The consultation process will be funded
from the 2012 approved budget and no new funds are required for this
purpose.
As stated in
this report, the consultant's analysis has outlined the significant economic and
financial benefits to the City of operating a casino in Toronto. Over and above
construction jobs (ranging from 3,600 to 8,500), an integrated entertainment
complex could create an estimated 4,400 to 7,300 net new jobs. The project could
generate net GDP in the range of $640 million and additional estimated annual
property taxes of up to $27 million. Revenue from the sale or lease of City
owned land could contribute additional value to the City of up to $250 million
for capital purposes.
Most
importantly, the hosting fee could provide substantial annual revenue to the
City. Estimates range from $32 million
to $168 million annually depending on the type of casino complex and negotiated
fee formula with OLG.
The City Manager
will engage an external firm to develop and conduct public and stakeholder
consultation using a variety of methods. The consultation process will be funded
from the 2012 approved budget and no new funds are required for this
purpose.
As stated in
this report, the consultant's analysis has outlined the significant economic and
financial benefits to the City of operating a casino in Toronto. Over and above
construction jobs (ranging from 3,600 to 8,500), an integrated entertainment
complex could create an estimated 4,400 to 7,300 net new jobs. The project could
generate net GDP in the range of $640 million and additional estimated annual
property taxes of up to $27 million. Revenue from the sale or lease of City
owned land could contribute additional value to the City of up to $250 million
for capital purposes.
Most
importantly, the hosting fee could provide substantial annual revenue to the
City. Estimates range from $32 million
to $168 million annually depending on the type of casino complex and negotiated
fee formula with OLG.
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