Showing posts with label lake city casino. Show all posts
Showing posts with label lake city casino. Show all posts

Tuesday, August 23, 2016

Vernon's Upper Room Mission gets $100,000

by Richard Rolke - Vernon Morning Star posted Aug 23, 2016 at 10:00 AM
An infusion of cash will help Vernon residents most in need. The provincial government presented $100,000 to the Upper Room Mission Tuesday to ensure the agency can remain open in between meals weekdays. “It allows us to continue services,” said Rick Lavin, executive director. Earlier this year, URM didn’t receive an anticipated $100,000 B.C. Gaming grant and that meant there weren’t the staffing resources to keep the facility open to clients in between meals. That resulted in concerns within the community about loitering and other problems downtown. Federal funding led to two students being hired during the summer but that program has now come to an end. The $100,000 received from the province Tuesday is transitional as government policies are reviewed. “We’re looking at gaming right across the board,” said Eric Foster, Vernon-Monashee MLA. “We want the ministry people to have a good idea of the needs in the community.” It’s believed URM lost the $100,000 earlier this year because it didn’t fit gaming criteria. Foster says that whether future funding comes from gaming or another source, he wants to ensure URM can continue to operate. “They do a tremendous job for the community,” he said. Lavin hopes there will be long-term access to funding. “The government has been good for us. We’ve worked with Mr. Foster and the government,” said Lavin, “Eric really supports this place and he’s here all of the time. I have full confidence he’s representing us.”

Friday, October 02, 2015

Where Does All The Casino Money Go (Updated to March 31,2015) Click to enlarge.









--------
https://www.gaming.gov.bc.ca/reports/docs/fin-rpt-local-gov-revenue.pdf?
Local Government Share of Provincial Casino and Community Gaming Centre (CGC) Revenue - Year-to-Date - Fiscal Year 2014/15 The Province shares gaming revenue with local governments that host casinos and community gaming centres in British Columbia. Host local governments receive ten per cent of the net casino gaming revenue from casinos and community gaming centres within their jurisdiction.
http://corporate.bclc.com/content/dam/bclc/corporate/documents/corporate-reports/gambling-service-provider-commissions-report-2014-2015.pdf

Saturday, July 25, 2015

15 Years of Casino Data (2000-2014 FISCAL ) VERNON


All Data as taken from BCLC Reports: (2014 Fiscal)
-http://corporate.bclc.com/content/dam/bclc/corporate/documents/fact-sheets/host-local-government-payments2014-15.pdf
-http://corporate.bclc.com/content/dam/bclc/corporate/documents/corporate-reports/gambling-service-provider-commissions-report-2014-2015.pdf
(# of slot machines and tables missing from 2014 Data for first time)

Highlights of 2014 Fiscal. Vernon
Total Casino Gross  win- (What the players left at the casino)                       $ 35,482,000
Casino Operators Share: (Commission and capital expenditures) 41.01%      $ 14,552,000
Host Governments Share: What Vernon gets. 10% of Net. 5.90% of Gross. $   2,093,000
Victoria's Share : What leaves the community - 53.09 of Gross                       $ 18.837,000

Sunday, March 23, 2014

Connect with Us NEWS Live dealers return to casino

posted Mar 23, 2014 at 1:00 AM Vernon Morning Star
The tables are turning at Vernon’s Lake City Casino. The casino has announced the re-instatement of live dealers. “We get requests for them everyday,” said Clay Riley, manager. Tables go live April 1. “This is not a joke,” said Riley, as the virtual dealer tables were unpopular since being implemented at the Anderson Way casino in 2009. “They weren’t as popular as thought,” said Riley. The change in gaming means Lake City Casino is able to add 15 new employment opportunities to the residents of Vernon. The new Match Eatery & Public House coming to the facility in May 2014 will offer even more hiring opportunities. As a major employer in town this is great news, said Riley. All tables will be open seven days a week at 6 p.m. daily. You can play Blackjack, Three Card Poker, and Ultimate Texas Hold’em. “We have a passion for providing exceptional customer service by engaging and entertaining our clients in a fun, exciting and friendly atmosphere,” said Riley. “Including live tables is the perfect addition as we expand our operations and provide an overall exciting gaming entertainment facility to our valued guests.” Anyone interested in a career with Gateway Casinos can visit www.gatewaycasinos.com/Careers.

Friday, March 07, 2014

Government cannot force casino to stay put

By: Cam Fortems in Municipal Government, News, Provincial Politics Kamloops NEWS
The B.C. Liberal government has no intention of forcing Lake City Casinos to remain downtown, said MLA Todd Stone, in whose Kamloops-South Thompson riding the casino operates. Stone said he has come to learn through conversations with Lake City owner Gateway Casinos and Entertainment Ltd. and the B.C. Lottery Corporation (BCLC) that a new casino needs a footprint larger than what is available in downtown Kamloops. While the corporation owns the parking lot downtown behind Hotel 540, development of that site will require underground parking — something Stone said Gateway has deemed too expensive. It has now determined it needs floor space of 40,000 to 50,000 square feet, compared with the 16,000 square feet it has today. Recent news coverage has speculated Gateway intends to develop the former Rona site beside the Trans-Canada Highway in Aberdeen. The company has refused comment. The former Kamloops Daily News building — which the city has purchased for parking use — was ruled out due to development costs, Stone said. “It’s not mine or Terry’s [Kamloops-North Thompson MLA Terry Lake] or BCLC’s — it’s Gateway’s decision.” A Gateway representative could not be reached for comment. Stone said the ultimate authority is the City of Kamloops, which is responsible for zoning and receives $1.3 million a year in revenues from the casino. The city has said it will need to measure the benefits of an expanded casino outside the downtown core versus the potential loss if it were to locate outside city limits. Tk’emlups Indian Band Chief Shane Gottfriedson told KTW last month it would be an “exciting opportunity” if Gateway was to consider TIB land as a new site for its casino.

Friday, July 26, 2013

Where Does All The Casino Money Go (Updated to March 31,2013) Click to enlarge.





----------
Don Quixote Note: These are the tables for the Casino revenue and distribution only. Some of the other cities have Community Gaming Centre Revenue which adds to the amount going to Host Government. Kelowna, Penticton and Kamloops have such centres (Vernon does not have a Chances Gaming Centre) The Revenue to Host City etc for the Community Gaming Centres can be found at:

2012/2013 Annual Report Download report › (P.31 and 33)

Wednesday, June 26, 2013

City seeks gaming revenue increase

By Richard Rolke - Vernon Morning Star Published: June 26, 2013 1:00 AM
The City of Vernon wants a bigger piece of the action.  Council is demanding the provincial government increase the amount of gaming revenue provided to communities to make up for dwindling casino profits. “The more it gets reduced, the less there is for infrastructure,” said Coun. Catherine Lord. Presently, the city receives 10 per cent of the net revenue from the local casino, or about $2 million a year. However, there is a concern provincial policies are negatively impacting that funding source. “Gaming opportunities are rapidly expanding in non-traditional venues, with egaming in particular, which dilutes the potential market share for established casinos,” said Will Pearce, the city’s chief administrative officer, in a memo to council. “Host local government share of casino revenues are based on overall casino activity.” The city says the B.C. Lottery Corporation had a record net income of $1,107.4 million in 2011/2012, largely because of egaming, while casino and community gaming revenues in B.C. fell short by $41 million. The city goes on to say that gaming revenue is one of the few non property tax-based sources of funding communities can use for services. “It’s a huge source of revenue,” said Lord. Coun. Bob Spiers believes the provincial government has a responsibility to ensure a steady revenue flow for communities. “They have taken away a lot of our customers who now gamble online,” he said. Spiers also points out that considerable dollars leave Vernon through gambling. “Of the $30 million going through the casino, the city gets $2 million and the rest goes back to Victoria,” he said.  The city is asking the Union of B.C. Municipalities to lobby the provincial government to change the funding formula.
------------
Don Quixote Note: Actual breakdown of where money goes is as per chart below updated to end of fiscal 2011. (March 2012).  The second chart is a 2010 illustration of the valley host government share for a 10 year period.
 In 2012 Fiscal Vernon's share as host government amounted to $2,000,788.

For reports on casino gaming revenues and community gaming centre revenues shared with local governments, follow the links below. http://www.gaming.gov.bc.ca/revenue/index.htm#five

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJgee05aBEQLAjqIFnVE1VGzSsSPBe3ysrl-RJIxGWDdQL4HgQ2uOXpJshrf67nBMVJ5VOvtjMjbqZZcU_7nr4Ytp9N18g3tkj6yuVQ4qDoVVHqMUPJiYFyD3aJcG5frkFwxNK/s1600/Screen+shot+2012-08-09+at+6.38.19+AM.png

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoPvE0tVHiPBlrexWrObHjZoi64E2lDYDNohVTkuirBCN9uROk2M3_WYASYezoTfLJDGrfGiWcA6s8gIXz5o3sFPjNgrIQyJjrQTUc86tLv5YnPNpwB3RUyPmjZOq6KJShoUEP/s1600/casino+10+years+in+valley+1.1+billion..jpg

Tuesday, June 25, 2013

Vernon demanding increased casino revenue

By Richard Rolke - Vernon Morning Star Updated: June 24, 2013 5:50 PM
The City of Vernon says it's being short-changed over gambling money. Council is demanding that the provincial government increase the amount of gaming revenue provided to communities for items such as infrastructure upgrades. "Gaming opportunities are rapidly expanding in non-traditional venues, with eGaming in particular, which dilutes the potential market share for established casinos," said Will Pearce, the city's chief administrative officer. "Host local government share of casino revenues are based on overall casino activity." The city receives about $2 million a year in revenue from Vernon's casino. The city is asking the Union of B.C. Municipalities to lobby the provincial government to change the funding formula.

Tuesday, December 11, 2012

Lake City Casino offers up more cash to Cops for Kids

Kelowna Capital NewsPublished: December 10, 2012 2:00 PM To finish off the year in true community spirit, Lake City Casinos made a final donation to Cops for Kids as a part of their ongoing financial support.  Lake City Casinos continually demonstrates their commitment to the community by supporting the foundation and this year is no exception. Today’s donation brings their year-end total to over $15,000 to Cops for Kids and the 2012 Cops for Kids Ride. The signature event is a 10-day cycling journey from Kelowna that takes the team of 25 RCMP riders across the South Eastern portion of British Columbia, in order to raise funds and awareness for children in medical, physical or traumatic crisis. Over the past 11 years, Lake City Casinos has dedicated over $100,000 to Cops for Kids to support children in our communities.

Monday, November 05, 2012

South Surrey casino could net $6 million for city annually

By Christopher Poon, Surrey NowNovember 1, 2012
If the proposed South Surrey gaming centre gets approved by council, the City of Surrey stands to make an estimated $6 million a year due to simply being a host city.  By now, the residents of South Surrey and the surrounding area have likely heard of the plan by the B.C. Lottery Corp. and Gateway Casinos and Entertainment Limited to build an entertainment-focused casino at 168th Street and 10th Avenue. On Nov. 7, members of the public will be given the opportunity to express their views about the proposed project at an open house to be held at the Hazelmere Golf and Tennis Club. Currently, Gateway is proposing to build a 60,000-square-foot gaming area, a 27,000-square-foot convention/entertainment centre, a 200-room four star hotel and several restaurants and lounges on the 25acre site, which will also provide parking for 1,200 guests. The gaming centre's focus would be on live entertainment and would house the Lower Mainland's largest convention space outside of Vancouver. As a host city of the proposed casino, Surrey would be entitled to 10 per cent of the facility's net revenue, estimated at $60 million. (more)
--------
Don Quixote Note: Vernon's Share Of casino Net (12 Years)

Thursday, August 09, 2012

BCLC Casino Report to March 31,2012

These Tables are the Casino Analysis for last 12 years for Vernon. Kelowna. Penticton & Kamloops. (All Lake City Casino's). All figures taken from BCLC Annual reports for the 2000-2011 fiscal  period. (Ends March 31, 2012)

Download the 2011/12 Annual Report [2.4MB]
12 years of Casino - Vernon Fiscal 2000- Fiscal 2011

12 years of Casino - Kelowna Fiscal 2000- Fiscal 2011

12 years of Casino - Penticton Fiscal 2000- Fiscal 2011

12 years of Casino - Kamloops Fiscal 2000- Fiscal 2011

Valley Casino Totals 12 years Fiscal 2000- Fiscal 2011

Wednesday, August 01, 2012

Penticton’s casino revenues drop

By Joe Fries - Penticton Western News Published: July 31, 2012 3:00 PM

B.C. Lotteries Corporation produced a record profit last year, despite declining revenues at most casinos that meant less money for host local governments like Penticton. Net income across all BCLC operations hit $1.1 billion for 2011-12 on revenues of $2.7 billion, according to its annual report released last week. Casinos and community gaming centres generated about 75 per cent of the total profit, while lotteries produced the balance. All told, profit was up $1.7 million over the record number posted in 2010-11. However, at the Lake City Casino in Penticton, the so-called net win, which equals total revenue minus prize pay-outs, slipped to $29.3 million, down about $291,000 from a year earlier. Net win was also down at the Playtime Gaming Penticton bingo hall, which took in $2.4 million, representing a $132,000 annual decline. A request for comment to Lake City Casino owner Gateway Casinos was transferred to BCLC, where a spokesperson who asked to remain anonymous said via email: “It’s normal for casino revenue to fluctuate from year to year due to variances in the local economy, and while there are those market fluctuations, overall the casino business is projecting moderate growth in the years ahead.” Net win was down at 11 of B.C.’s 17 casinos in 2011-12, as were pay-outs to the communities they call home. Penticton, which gets a one-tenth share of local casino profits, saw its take decline to $1.7 million, down about $30,000 from a year earlier and $170,000 from five years ago. City treasurer Doug Leahy said last year’s drop won’t have a significant impact of Penticton’s finances as its casino account boasts a small surplus. In addition to the casino profit, Penticton also receives about $4 million in annual development assistance compensation payments from BCLC, which it’s using to pay down debt on the South Okanagan Events Centre. Penticton and 29 other host local governments in B.C. received a combined $83.1 million cut from gambling establishments last year to boost local spending. The province passed along another $135 million in gaming grants to community groups. The lion’s share of BCLC’s net income, $696.3 million, was transferred to the provincial government’s coffers as general revenue.
----------
Don Quixote Note: Local Government Share of Provincial Casino and Community Gaming Centre Revenue:  2011/12 Year-to-Date Report [PDF]   $139,038 decrease in Fiscal 2011/12 from Fiscal 2010.11

Saturday, February 04, 2012

Local Government Share of Provincial Casino and Community Gaming Centre Revenue:
2011/12 Year-to-Date Report [PDF]
All Available Years and Quarters
[XLS]

Monday, January 16, 2012

People Continue To Gamble, Says BCLC Boss

CasinoThe economic downtown hasn't had a significant impact on revenues at the BC Lottery Corportation.  President and CEO Michael Graydon tells KISS FM, they're tracking on budget, with business about the same as last year. "What we're finding is people are still continuing to come to our facilities with the same frequency, but just aren't spending as much when they're there, so that's having some implications, but nothing significant." Graydon says they're in the process of starting a new casino management system that will allow them to communicate with all the slot machines in the province. He says that will allow them to enhance loyalty programs, and provide more of the popular games. "It is entertainment so we need to continue to invest in the amenities, like better restaurants and better customer service. We go  through the same things other entertainment companies or restaurants. You've got to create value, and you have to create a great customer experience." More people are going online to gamble, but that trend hasn't led to a big decrease in business for the Lottery Corp. Graydon tells KISS FM, they operate their own online site which has been a huge success. He says online gaming is estimated to be a 100 million business in BC. Meantime, Responsible Gambling Week continues in Vernon until Friday. Annette Sharkey from the Social Planning Council says one of the events takes place tonight. "We will have 'Owning Mahoney', which is a really great movie, and it will be at the Towne Theatre for two dollars for admission." The movie-- starring Phillip Seymour Hoffman-- is about a bank manager who has a gambling problem. Sharkey says the week-long event will give them a better idea of how big the problem is, and many people need help. The myth busting kiosk will be at the Vernon Library today,  at Okanagan College Tuesday, and at the First Nations Employment Centre on Wednesday.
-----------
Don Quixote Note: Vernon is budgeting to receive $1,900,000 in Casino Revenue down from the $2,200,000 budgeted in 2011.  P.71 2012-2016 Financial Plan - 64.60MB


Wednesday, January 11, 2012

Gamble..But Do It Safely

BCLC president/CEO Michael Graydon, Annette Sharkey of the Social Planning Council and Vernon Mayor Rob Sawatzky at the launch of Responsible Gambling Week (P McIntyre photo)
BCLC president/CEO Michael Graydon, Annette Sharkey of the Social Planning Council and Vernon Mayor Rob Sawatzky at the launch of Responsible Gambling Week (P McIntyre photo)
Gambling is big business in Vernon, with an estimated 32 million dollars spent at the local casino last year.  It also can cause big problems for an estimated four percent of customers. Michael Graydon, president of the BC Lottery Corporation, was in Vernon today for the launch of BC's first Responsible Gambling Awareness Week which will be held in Vernon January 14 to 20. Graydon tells KISS FM, the event points out the realities of gambling, and the resources available should people have problems. "Hopefully we will get people to think a little differently as they go through the process, and if they need help, then they'll have a better understanding how to seek it, and where to get it." Graydon says someone who is gambling more than they can afford is considered a problem gambler. "If it's starting to put stress and strain on your family and work, then that's a strong indicator that you need to seek help." He says province provides free counselling to anyone who wants it, and there's no limit on it. Annette Sharkey from the Social Planning Council says four percent of people who gamble have problems, such as overspending. "Certain populations are more at risk, so senors, young adults and First Nations." Sharkey says information kiosks will be around town including at Okanagan College, The Native Friendship Centre, and the Village Green Centre. "We encourage people to approach the booths. It's very fun and interactive, but really helps to get the message across about what the real odds are, and that gambling is really about entertainment, not about the next big win." City councillor Bob Spiers, who was at the launch event,  says a lot of money is spent at Vernon's Lake City Casino, some of which comes back to the city in an annual grant. "The total take at the casino is about 30 to 32 million (last year), I can't remember the exact figures, and last year, the city picked up $1.9 million (in a casino gaming grant). You can more information on the events at www.responsiblegamblingweek.ca  The week is sponsored by the BCLC and the city, will also be held in 2013, and could be used in the future in other communities.
---------
Vernon Last 11 years Stats
Local Area Casino Stats

Monday, August 01, 2011

Revenue To Host Government

Revenue to Host Local Governments


----------
Don Quixote Note: BCLC displays their figures on a fiscal basis ending March 31 each year. Vernon budgets on a calendar basis. The following are the Vernon Figures on a Calendar basis. Projected 2011 figure on a 2010 trend basis would be $1,956,625. Budget was to receive $2,200,000.

Friday, July 29, 2011

B.C. eyes mobile gambling apps

There is a Fine if you play while Driving
VICTORIA – Trying to maintain market share in rapidly evolving gambling business, B.C. Lottery Corporation is looking at expanding its online games and tickets to mobile phones and tablets.  BCLC launched its gambling website PlayNow.com a year ago, as unregulated internet poker websites started cutting into the province's lucrative casino and lottery business. B.C. was the first government in North America to jump into online gambling, and PlayNow.com now bills itself as "B.C.'s only legal gambling website."  At the July 2010 launch, cabinet minister Rich Coleman estimated that B.C. residents were spending $100 million a year on online gambling, and made no apologies for encouraging BCLC to go online and raise its betting limit to $9,999.  Now some of those unregulated sites are moving to smart phone and tablet applications, and BCLC is preparing to do the same. A survey asks PlayNow.com customers if they would use their mobile devices to play lotteries, poker, casino games and sports betting.A BCLC spokesperson said no decision has been made yet to proceed with mobile gambling.

PlayNow.com now has 170,000 registered players, and is running ahead of expectations, despite an initial software glitch that mixed up player bank accounts and forced a month-long shutdown. Online gambling still represents only one per cent of the corporation's revenues, but that's expected to grow to four per cent by 2014. The bulk of BCLC's more than $1 billion annual profit comes from conventional lotteries and casinos, as slot machines have displaced bingo games in recent years. After returning some of the gambling-funded community grants that were cut in 2009, Premier Christy Clark appointed former Kwantlen University president Skip Triplett to review eligibility for the grants and stabilize funding for non-profit groups.  Triplett's community forums begin Aug. 11 on Vancouver Island, moving to the B.C. Interior and finishing in Metro Vancouver in September.

Tuesday, July 19, 2011

Gambling Revenues Up

CasinoGambling continues to be big business in BC, and in Vernon. In its annual report, the B.C. Lottery Corporation says it had revenues of 2.6 billion dollars for the fiscal year 2010-11.  It also reports record net income of 1.1 billion, which was short of projections, but 25 million more than the year before.  In Vernon, the Lake City Casino outlet had revenues of 36.4 million dollars, up a million over the previous year.
Gambling revenues were also up at the Lake City in Penticton, but down in Kelowna and Kamloops.  The city of Vernon received 2.08 million dollars in casino  revenue, an increase of 8 thousand dollars from the year before. That money is used for city projects at the discretion of city council.