Gaming centre putting money back in Maple Ridge

Approximately $1 million a year from slot machine revenues

  • Jul. 28, 2015 5:00 p.m.

Chances Maple Ridge is not a matter of chance as far as the amount of money expected to flow into City of Maple Ridge coffers.

The company gave the city $1,056,000 in 2014, representing the city’s 10-per-cent cut of slot machine revenues.

The amount is $6,000 more than budgeted.

Council recently heard that since Chances Maple Ridge started slot machines in 2010, it has given the city $2.8 million.

Currently, there are 187 slot machines in the building in downtown Maple Ridge.

That money is helping ease the burden on homeowners because about half of the yearly total, $550,000, is plowed into the infrastructure sustainability reserve fund, which allowed a half-per-cent trim on yearly property taxes.

The gaming centre also helps out Maple Ridge community groups, such as the Ridge Meadows Hospice Society, by giving out $100,000 yearly, a deal worked out when Chances’ parent company, Great Canadian Gaming Corp., bought the Maple Ridge Bingo Association in 2008.

With half of the million dollars received yearly from Chances going to build future roads or sewer lines in Maple Ridge, the other half is divided up in several directions:

• $100,000 goes for future improvements in downtown Maple Ridge;

• $100,000 goes for improvements throughout the city;

• $75,000 goes for social planning purposes;

• $70,000 is used for general capital projects;

• $50,000 is for maintenance in the downtown;

• $50,000 is for security in the downtown;

• $40,000 is for miscellaneous ;

• $10,000 is for events held in Memorial Peace Park.

According to Great Canadian Gaming Corp., Chances employs more than 70 people and purchased more than $775,000 in goods and services in Maple Ridge in 2014. It also pays $153,000 yearly in property taxes on its new building at 227th Street and Lougheed Highway.

 

Just Posted

Flames lose at home, win in Mission

Host Kodiaks on Friday night

Weavers and spinners to kick off holiday shopping

The Whonnock Weavers and Spinners’ 38th annual exhibit and sale takes place Nov. 25

Strong support for Pitt Meadows transportation projects

Overpass/underpass projects get majority support

Police aim to prevent retaliation after Hells Angel found dead in Maple Ridge

IHIT confirms Chad Wilson, 43, was the victim of a ‘targeted’ homicide

Ridge Meadows Hospital parking is still pay, but streets free

Surrey has removed meters on streets, asking Fraser Health for free parking at the hospital

UPDATE: IHIT confirms identity of Hells Angels homicide victim

Chad John Wilson was one of four men arrested in Spain in 2013 on allegations of smuggling cocaine.

Former NHL player and coach Dan Maloney dies at 68

Maloney coached the Toronto Maple Leafs and Winnipeg Jets

Ex-MSU president charged with lying to police about Nassar

Lou Anna Simon was charged Tuesday with lying to police during an investigation

Otter makes a snack out of koi fish in Vancouver Chinese garden

Staff say the otter has eaten at least five fish

Police looking into two more incidents at private Toronto all-boys’ school

Police and the school have said two of the prior incidents involved an alleged sexual assault

B.C. lumber mills struggle with shortage of logs, price slump

Signs of recovery after U.S. market swings, industry executive says

25% of Canadians still won’t say they use pot, survey says

Statistics Canada poll says Canadians on average were 18.9 years old when they first tried pot.

Canucks’ 50/50 jackpot expected to surpass $1 million

The guaranteed prize for one lucky winner will be $500,000 minimum when Vancouver hosts LA Nov 27

The latest advent calendar trend: Holiday cannabis

A Canadian company is giving people from coast to coast a new way to celebrate the Christmas countdown.

Most Read