BCLC antes up less Langley casino cash

Casino revenue for Langley City are down $215,000 this year.

The City’s take is $16,000 higher than budgeted for the third quarter of 2014 but the amounts for the rest of the year are off.

The previous two quarters (January to March and April to June) were down, so the net drop for the year so far is about $215,000.

The City budgeted $5.75 million for 2014, and is on course to make about $5.5 million this year.

“We will be building the 2015 based on that funding source,” City corporate services director Darrin Leite told City council at the Nov. 3 meeting.

The lower revenues through Cascades Casino are part of a downward trend as the province allows more gaming. The City received $6.73 million in 2009, $6.565 million in 2010, $5.94 in 2011, $5.92 in 2012, $5.78 in 2013 and $5.53 in 2014.

Another factor in the reduced revenue, the City discovered, was generous severance for BC Lottery Corp. management. It meant a $170,000 reduction in the first quarter.

The City sought an explanation from BCLC and was told it was due to a restructuring initiative.

Payouts to communities were down by about $25 million earlier this year.

City Councillor Dave Hall wants to get a better sense of what’s going on in gaming.

“Do we anticipate bringing the casino people in,” before the next budget, he asked. “We’re really dependent on their successes or relapses.”

Just Posted

Cancer campaign close to home for firefighters

Annual daffodil drive collects money to fight an illness all too comon in the profession

Langley gymnasts golden at provincials

LGF and Flip City win multiple all-around champion awards

Young ukulele players wow Langley audience

The performance highlights several upcoming concerts.

Langley police seek new leads in hit and run cold case

Six years ago, someone struck a young woman with a car and drove off

VIDEO: Langley Lawn Bowling Club prepares for new season

Social aspect is a big part of the game, members say

It was no Kentucky Derby: B.C. girls host foot-long snail race

Two Grade 3 students in White Rock put four snails to the test in a hotly-contested street race

Police probe eight fires set at B.C. elementary school

Nanaimo RCMP say fires appear to have been set intentionally

Undercover cops don’t need warrant to email, text suspected child lurers: court

High court decision came Thursday in the case of Sean Patrick Mills of Newfoundland

Whitecaps fans stage walkout over club’s response to allegations against B.C. coach

Soccer coach has been suspended by Coastal FC since February

Vaisakhi parade to fill Surrey streets Saturday: Everything you need to know

More than 500,000 people expected for one of the world’s largest Vaisakhi-related events

Three climbers presumed dead after avalanche in Banff National Park

One of the men is American and the other two are from Europe, according to officials

VIDEO: Trump tried to seize control of Mueller probe, report says

Special counsel Robert Mueller’s report revealed to a waiting nation Thursday

Man in hospital after crash involving parked car in Vancouver

It is unclear what led to the collision involving a black Acura and a parked Land Rover

Most Read