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.


Just Posted

Merry Makers create new craft fair for Port Alberni

Hansen Hall fair begins as Work of Heart organizers retire

Port Alberni highland dancers invited to North American competition

Kali Nahorney received honourable mention medals in two categories

Government looks for public input on Cathedral Grove safety concerns

Port Alberni, Parksville info sessions invite public to help ‘shape future access’

ARTS AROUND: Enjoy magic and comedy at the Capitol Theatre

Transport yourself back in time for the McLean Mill Christmas Market

People flocking to Vancouver Island city to see hundreds of sea lions

Each year the combination of Steller and California sea lions take over Cowichan Bay

NDP leader Jagmeet Singh weighs in on Vancouver Island fishing ban

Singh and MacGregor say improving salmon abundance is important

Feds respond to sexual assault investigation at B.C. naval base

Report of Oct. 5 sexual assault on Vancouver Island base taken over by Canadian Forces National Investigation Service

EU divorce deal in peril after two UK Cabinet ministers quit

Negotiators from Britain and the European Union have struck a proposed divorce deal that will be presented to politicians on both sides for approval, officials in London and Brussels said Tuesday.

Northern California fire death toll at 56; 130 missing

Many of the missing are elderly and from Magalia, a forested town of about 11,000 to the north of Paradise.

Canfor to buy 70 per cent stake in Swedish Vida Group for $580 million

The privately held company has nine sawmills in southern Sweden with an annual production capacity of 1.1 billion board feet.

Saudi prosecutor seeks death penalty in Khashoggi’s killing

Saudi Arabia’s top prosecutor is recommending the death penalty for five suspects charged with ordering and carrying out the killing of Saudi writer Jamal Khashoggi.

Mixing business and family: Trudeau turns to Singapore ancestors to widen trade

Trudeau’s ancestor, Esther Bernard, born Farquhar (1796-1838) was the daughter of Major-General William Farquhar (1774-1839), the first British Resident and Commandant of Singapore.

Baloney Meter: Will tougher penalties for gang members make Canada safer?

Since 2013, gang-related homicides in Canada’s largest cities have almost doubled

Most Read