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BC city gets millions from casino

24 January 2007

COQUITLAM, British Columbia – As reported by the Tri-City News: "The city of Coquitlam hit the jackpot again last week with $2.3 million from Boulevard Casino.

"The money, for the period Oct. 1 to Dec. 31, is the 10% cut of net proceeds the city receives as 'host' to the United Boulevard gambling venue.

"In 2006, Coquitlam collected $9 million from Boulevard — its best year since the casino opened in October 2001 after re-locating from Surrey.

"To date, Coquitlam has earned about $33.8 million as part of its share — 12.5% of which goes into a community capital fund for local non-profit groups and the balance into a municipal capital fund to pay for major projects such as roads and sports facilities…"

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