P.G.'s Share of Gaming Revenue Down
By 250 News
Monday, July 20, 2009 03:59 AM

Slot machines are quiet as casino revenue is down
Prince George, B.C.- The City of Prince George won’t be getting as much money this year as its share of gaming revenue from the Treasure Cove Casino, but it’s share of revenue from the bingo hall is up.
According to the BC Lottery Corporation’s Annual report, total gaming revenue in B.C. is down. Total revenue for ’08-’09 was $2.55 billion dollars, that’s $97.8 million less than budgeted, and $9.0 million less than ’07-’08.
In Prince George, the Chances Gaming Centre revenue from bingo was down by about $5 million dollars.
The ’08-’09 revenue from bingo was $10,518,096. The year before, the revenue from bingo was $15,064,211.
The City will get $204,473 of that revenue, up from the $7,755 it received as it’s share from the year before.
As for the Casino, $40,465,386 dollars in revenue came from the slot machines, a further $2,157,727 came from the 10 gaming tables. That adds up to total revenue of $42,623,113 down from the previous year’s total revenue of $51,266,198.
The City’s share of revenue from the Treasure Cove Casino will be $2,509,792 dollars, down from the previous year’s share which was $3,039,251.
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