Don Quixote Note: From the posting Bingo slots stalled 12/28
Lake City Casino’s plans to move to a 25,000-square-foot space on Anderson Way are further along in the process, Walker said. The new casino would be twice the size of
the existing facility and include up to 400 slot machines, a pub-style restaurant as well as a stage for live entertainment. Steve Kumpf, regional vice-president of Lake City Casinos said that the casino’s plans depend on further discussions with the property developer. The casino will occupy the bottom floor of a three-storey building, he said. “He is waiting for us to get the final OK on the footprint,” Kumpf said. If approved, Kumpf said the new casino would likely not be completed until sometime in 2008. Walker said that the casino proposal should be finished soon and will likely be forwarded to the City of Vernon as early as January. The city currently earns more than $1.5 million in revenue sharing from the casino but could double that money with a larger casino. Walker said the casino expansion is part of a larger province-wide expansion of gaming facilities.-------------------------
(The average slot machine produced $125,000 in B.C. in the 2006/07 fiscal year! and $129,000 in Vernon)
The Casino slot machine revenue in B.C. from the 1999/00 fiscal year to the 2006/07 fiscal year is $3,869,841,940.
The Casino slot machine revenue in Vernon from the 1999/00 fiscal year to the 2006/07 fiscal year is $169,400,411. ($10,524,818 is the City of Vernon's payoff )
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http://www.bclc.com/cm/aboutbclc/mediacentre/relocation.htm
Some of the steps as described in the BCLC Policy Include:
- The first step in a casino relocation is BCLC's identification of a desirable relocation opportunity. If a suitable relocation opportunity is identified, BCLC contacts the municipality, regional district or First Nation with authority over land use planning (referred to as a "Local Government") in the preferred market area to determine whether the Local Government is interested in hosting a relocated casino.
- In addition to identifying a Preferred Host Local Government, the Corporation contacts the casino service provider at the casino BCLC is considering relocating (referred to as the "Service Provider") to discuss whether the Service Provider is interested in providing operational services at a relocated casino.
- If the Corporation is satisfied with the preliminary business plan presented by the Service Provider, BCLC will request development of a more detailed proposal for the relocated casino. The detailed proposal must be satisfactory to both BCLC and the Preferred Host Local Government.
- Following its preliminary review of the relocation, if BCLC decides to continue with the potential relocation, BCLC will ask the Preferred Host Local Government for its approval.Prior to providing its approval to BCLC, the Preferred Host Local Government must undertake a public consultation process which allows the opportunity for community input. The Preferred Host Local Government must also consult with other Local Governments as required by s.19(1)(b) of the Gaming Control Act. The specific processes to be used for these consultations will be determined by the Preferred Host Local Government but must comply with the requirements of the Gaming Control Act and the Regulations.
Following completion of its consultations, the Preferred Host Local Government notifies BCLC whether it is prepared to approve BCLC's proposed casino relocation. The approval must be in the form required by s.13 of the Regulations. A copy of the approval is to be provided to any Local Governments consulted as described above. If the Preferred Host Local Government is not prepared to approve BCLC's proposed casino relocation then BCLC will not complete the proposed casino relocation to that preferred market area. - BCLC makes the final decision regarding any potential relocation and may take into account any factors that it considers relevant. Prior to finalizing its decision and completing the proposed casino relocation, BCLC must be satisfied that all of the statutory prerequisites for a relocation have been met.
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