Casino closures could hurt finances of cities, community groups - News Summed Up

Casino closures could hurt finances of cities, community groups


With casinos closed across B.C., municipalities and community groups could lose out on cash with less gaming revenue to share. Municipal hitCommunities with casinos or community gaming centres get 10 per cent of the net gaming revenue from those operations. Arjun Singh, who is also past president of the UBCM, said most communities, including Kamloops, don't use gaming revenue to fund day-to-day operations. Community groups, First NationsCasino money also goes to a wide variety of community groups in B.C. First Nation Gaming Revenue Sharing Limited Partnership, which administers those funds, said it's too early to speculate how those communities' shares could be impacted.


Source: CBC News May 02, 2020 18:00 UTC



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