Parq Vancouver, seen right here towards a bright , has 72,000 sq ft out of gambling establishment space over several floor. Pictures because of the Jason Payne / PNG
The fresh B.C. Lottery Company wants Vancouver so you can lift or amend its thirteen-year-old moratorium on the expansion from betting in the city.
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Depending on the city’s standard director off arts, people and community functions, Margaret Wittgens, there’s been current appeal regarding the BCLC to enhance gambling during the city’s two casinos – Parq and Hastings Racecourse.
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�BCLC is looking for to grow gaming ventures during the Parq and you can Hastings Racecourse casinos from the possibly increasing the quantity of slots and you can desk game,� Wittgens had written in the research likely to council’s committee on the plan and you will strategic priorities may 8.
The newest Parq local casino inside Yaletown possess 600 slot machines and you may 61 dining tables, if you are eastern Vancouver’s Hastings Racecourse provides 446 slots no gaming dining tables. Parq possess consent to operate 75 dining tables. Hastings Racecourse features it allows to operate 600 slot machines.
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On the 2022-23 monetary 12 months, the town made $eight.2 million as its slashed regarding betting revenue from the two gambling enterprises. This is put at 10 per cent out of overall betting cash and therefore alter annually. For the 2017-18 and you can 2018-19 the fresh profile are more $10 mil, since urban area made nothing in the 2020-21 season as a result of the COVID-19 pandemic.
The metropolis account states that BCLC’s expansion wants would bring a keen additional $2.5 billion so you can $5 mil per year to the city coffers.
Article content All the betting cash that visits the newest urban area is inspired by Parq, with 88 percent in the 2022-2023. Article content
As a result of the BCLC focus, Wittgens and you will city manager Paul Mochrie is actually recommending council amend the latest moratorium to take on extension from the a couple casinos provided BCLC brings a direct effect analysis towards proposed extension.
The latest moratorium was accepted in the , not as much as former gran Gregor Robertson, as a way to get the provincial government and BCLC to carry out public consultation on the growing gambling in the Vancouver.