Quarterly gaming revenue on tap in Port Alberni

More than $3 million in gaming money was generated in Port Alberni from December to March.

That translated into nearly $212,000 added to the city’s coffers, according to a letter from the provincial minister of safety and solicitor general’s office.

The letter is part of the agenda package for city council’s Tuesday meeting.

The money represents the city’s share of gaming revenue from Chances Rim Rock Gaming Centre for the period Dec. 26, 2010 to March 31, 2011.

A breakdown of gaming centre revenue provided by the ministry showed that the centre took in $3.7 million in revenue, paid out $1.6 million in expenses and showed a net profit of $2.1 million for the three-month period.

The city’s share is based on 10 per cent of the net profit.

In March, Rothwell reported to council that a projected $114,000 in gaming revenue was anticipated.

Council directed staff to allocated $60,000 to Echo Aquatic Centre and $30,000 to support the economic development office.

The $24,000 balance was to be allocated at council’s discretion.

However, at $212,000, nearly double the amount of gaming revenue is coming in.

While no direction has been given with respect to allocating additional gaming funds, two reports provide a clue as to how they can be utilized.

According to the reports, additional gaming revenue is to be used for purposes that fall within the definition of “public benefit” outlined in the city’s community gaming funding agreement.

reporter@albernivalleynews.com

Just Posted

Learn the basics of publishing at Port Alberni workshop

George Opacic of Rutherford Press will present keys to the professional side of publishing

Rain and high winds to hit Vancouver Island this afternoon

Thursday and Friday to see downpour of 20 to 50mm and high winds on Vancouver Island

Septic truck rolls over without a spill west of Port Alberni

Single vehicle crash took place on Klekhoot Crescent

Vancouver Island partners sign hull design contract for floating LNG project

Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed in Barcelona

RAISE A READER 2018: Port Alberni popup book event a success

First Book Canada brought 16,000 books for distribution in B.C.-wide event

Sproat Lake hosts fall dragon boat regatta

Port Alberni’s Sproat Ness Dragons earn third place

The longest week: Carolinas worn out by Florence

Frustration and sheer exhaustion are building as thousands of people wait to go home seven days after the storm began battering the coast.

Vancouver councillors move ahead with policy for duplexes on detached home lots

Mayor Gregor Robertson says the decision is another step toward adding homes in the city for the so-called “missing middle.”

Canada’s goal is to play in a medal game at World Cup in Spain

The 2014 women’s world basketball championships were a coming out party for Canada.

World Anti-Doping Agency reinstates Russia

There was no mention of Russia publicly accepting a state-sponsored conspiracy to help its athletes win Olympic medals by doping.

Prolific offender arrested in Nanaimo after sleeping in stolen car

Jackson Filgate, 34, of Nanaimo, faces stolen property, drug charges after being arrested Sept. 18

Nanaimo’s Tilray pot stock continues rising, firm now worth more than $21 billion US

The B.C. company’s shares have risen more than 1,000 % since its initial public offering in July

Fresh-faced Flames fend off Canucks 4-1

Vancouver drops second straight NHL exhibition contest

Most Read