Tables Games Add to Treasure Cove’s Bottom Line
Prince George, B.C. – Gaming revenue from the Treasure Cove Casino was up slightly for the fiscal year ending March 31st 2015, all because of tables games.
The latest report from the BC Lottery Corporation indicates the total revenue (slots and table games) at the Treasure Cove was $45,785,000. That’s up $292 thousand from the previous year when the total revenue was $45,493,000.
Revenue from table games was $2,415,000, up $295 thousand from the previous year. While the slots brought in the lion’s share of the dollars with , $43,370,000 that is a decline of $3 thousand dollars from the previous year.
As for Bingo, that activity at Treasure Cove has also seen a decline, with revenue of $9,164,000 compared to the $9,195,000 in the previous year.
The Treasure Cove’s revenue is a fraction of what is being registered by other casinos in the province. The River Rock Casino in Richmond recorded just over $420 million in revenue and nearly $274 million came from the gaming tables. The Grand Villa Casino in Burnaby had revenue just shy of $204 million, with almost $89 million coming from the tables, while at the Edgewater in Vancouver, table games accounted for nearly $90 million dollars of that casino’s $150,393,000 revenue.
Province wide, the high limit table games helped push the BC Lottery Corporation’s bottom line to its highest income to date, $1.25 billion dollars, a mark that was $61.5 million more than anticipated in its budget for the year.
The BCLC says “Exceptional performance in high-limit table games in casinos offset lower than expected lottery sales.” The only difficulty says the BCLC’s Board Chair Bud Smith “Commissions paid on table games are significantly higher than those paid on lottery sales.”