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BC Casinos Rake in Money

17 July 2006

BRITISH COLUMBIA – As reported by the CBC News: "Municipalities across B.C. received a record windfall from casino gambling in the past fiscal year, raking in more than $65 million in royalties — up nearly 20 per cent from the year before.

"Under provincial regulations, B.C. municipalities receive 10 per cent of casino revenues.

"In the City of Vancouver, that worked out to nearly $5 million last year, an increase of 55 per cent over the previous year.

"…Toronto consultant Lyle Hall predicted the industry is likely to continue growing at its current rate in the Lower Mainland, citing new casinos that offer more entertainment and other amenities…"

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