Aboriginal Chiefs Reject Ontario $2.5 Billion Revenue Deal

Ontario’s Aboriginal Chiefs have rejected a 2.5 billion dollar, 20-year settlement offer to share revenue from lotteries and casinos.

The Ontario Government offered the deal to resolve disputes over revenues.

The province offered to pay First Nations a 1.6 per cent share of provincial gaming revenues in order to settle disputes over its collection of a 20 per cent tax on Casino Rama’s gross revenues.
The government’s offer could have amounted to 125 million dollars per year for 20 years, to be divided up among 133 Ontario First Nation communities for health care, education and infrastructure.

Courtesy of www.CaledoniaWakeUpCall.com