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BC City Wants Casino Redesignated

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…"

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