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, 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.
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.
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