Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

BC City Wants Casino Redesignated

5 March 2004

PRINCE GEORGE – As reported by the Prince George Free Press: "The city stands to lose almost $1 million (US$756,859)a year in gaming revenues unless it can convince the B.C. Lottery Corporation to re-designate Casino Hollywood a 'destination casino' when it moves this summer.

"The casino, currently located downtown, is designated a 'community casino' from which the city receives a 10 per cent cut of the profits.

"…Under lottery corporation rules, municipalities hosting a destination casino receive 16 per cent of profits, he said.

"But so far the lottery corporation has refused to change the designation of the Prince George casino.

"…Gaming revenues yielded a $1.632 million grant to the city in 2003, according to budget figures being considered this week.

"Based on that figure, a six per cent increase in the city's cut would add over $800,000 to the grant…"

< Gaming News