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

Vehicle catches fire near China Creek Marina

No injuries in blaze, according to witnesses

North Island College issues brief statement on bomb threat

Threat forced college to close all campuses for one day

Premier wades into fishery closure debate

John Horgan questions the federal government’s approach

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Horse riders resurrect public riding ring near Port Alberni

Open house planned for July 22 so public can check out Beaver Creek facility

REPLAY: B.C.’s best video this week

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

VIDEO: Firefighters put out brush fire in Nanaimo

Fire broke out in the area of a new development under construction in East Wellington

Former NHL goalie Ray Emery drowns in Lake Ontario

Police say the 35-year-old’s death appears to be a ‘case of misadventure’

Air quality statement warns of smoky air for Kamloops area

Environment ministry says area on north side of Thompson River may be affected by wildfire smoke

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Most Read