Alberta Gaming Model Better than BC’s

BC’s gaming model is not efficient or competitive. Operating at capital lower cost, with a higher net return to government, Alberta is able to generate a staggering $323 million to charities (or $87 per capita). BC only manages $120 million for charities (or $28 per capita), and a lower net return. See “BC Lottery Corp spending spree while charities reel” in the Vancouver Observer.

Meanwhile, as Pete McMartin’s coverage in the Vancouver Sun shows, BC has handed out $400 million to private casino developers in recent years. And capital expenditures are on the rise. The BC Lottery Corporation is set to spend almost $350 million in new capital spending over the next 3 years alone. For a corporation with no bricks and mortar gaming facilities, $350 million in capital costs over three years is strikingly high.

Read and Share:
  • Print
  • Digg
  • Facebook
  • Twitter
  • MySpace
  • RSS
  • Add to favorites
  • email
  • Google Bookmarks

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>