Monday, July 9, 2018

A Proud River Rock Casino Resort Report: Where the money goes: Two Thirds + One Third = Four Thirds

That's Rich,  River Rock Casino Resort lays out the groundwork of how beneficial gaming revenue is to the City of Richmond

The money can go to "supporting programs like healthcare, education and social services" and "This share of gaming revenue received is available to be used to fund local projects such as:
      policing, road maintenance, civic buildings, and park upgrades.

$50 million just for Richmond and the BC Liberal Minister responsible for BC Lottery couldn't find the money to bankroll the  Integrated Gaming Enforcement Team (IGET) to keep tabs on the money launderers.

Does anyone in Richmond City Hall have a handle on the split today amongst the possible recipients?  healthcare, education, social services, policing, road maintenance, civic buildings and park upgrades?

Where the money goes
In British Columbia, approximately two-thirds of gross gaming revenue from the gaming facilities goes directly back to the government, through the BC Lottery Corporation, for the purpose of supporting programs like healthcare, education and social services.  The remaining one-third of gaming revenue is retained by service providers, such as Great Canadian Gaming Corporation, to pay for wages, building costs, taxes and other operational services.

policing, road maintenance, civic buildings, and park upgrades

Here we are in 2018 and the data above is for 2014/2015.

Any chance of an update from River Rock?   2016/2017/2018?

Is that when the fourth 'third part' took their cut and cleaned out the till?

No comments: