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Vancouver Casino Revenue Falls Short

VANCOUVER, British Columbia – As reported by the 24Hrs Vancouver: "On a muggy July morning before a long summer break, Vancouver city councillors opened their staff reports to find their city's revenue projection short almost $2.5 million.

"…The city had been relying on a $7.0 million windfall in revenue from the newly-opened Edgewater Casino along False Creek. Instead, competition from other municipalities saw the casino pull in only $5.4 million, and the city found itself in the awkward position of debating how to help the casino jack up its profit.

" …'We've got ourselves into a situation where we're trying to get people to gamble,' an upset NPA Coun. Sam Sullivan said at the time.

"Sullivan, now running for mayor, opposed allowing slot machines in the city but relented when they were approved at Edgewater. Both him and Vision Vancouver mayoral candidate Jim Green now say there will be no further expansion of gambling in the city…"

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