- BC Games
Richmond's take from gaming revenue balloons
The city’s take from River Rock Casino Resort continues to grow, according to new financial statements from the city.
The River Road casino poured $4,484,000 into city coffers in the third quarter for 2013—up 22 per cent over the same period last year. Year to date, the city’s share has ballooned 13.9 per cent to $13,640,000.
Ten per cent of gaming revenue from River Rock is handed to the city, which took in a record $15,585,000 in 2012.
Now Richmond is on track to set a new record this year.
Great Canadian Gaming Corporation, which owns River Rock, recorded total revenues of $103.1 million during the third quarter of 2013—a one per cent increase from the same period last year, according to a news release.
In a conference call posted on the company’s website, president and CEO Rod Baker said the strong results reflect positive contributions from River Rock, but were tempered by “persistent challenges” at Boulevard Casino in Coquitlam, which is being relaunched on Dec. 20 under the Hard Rock Casino Vancouver brand.