Letter: Half a year’s casino profits could pay for a theatre

Editor: Cascades Casino has closed its theatre to live music to put in bingo.

According to a Times article re: Langley City’s proposed budget, Mayor Schaffer says that the City receives 10 per cent of the casino facility’s net profits.

The 2018 preliminary budget is showing a casino contribution of $6.8 million. Extrapolating that $6.8 million means that the casino will have a net profit of $68 million for the year, or an average daily net profit of $186,301.37. Those are seriously big numbers.

Your article further states that since 2005 the City has received $80 million as its 10 per cent share of net profits, thus the casino has net profited $720 million ($800 million – $80 million).

They are supported by the Langleys to this hugely profitable extent and then they decide to remove the theatre from the community.

The casino has been allowed two expansions since it opened. Langley has not extracted any concessions or extra benefits from the operators outside of the 10 per cent deal.

In another recent Times story it was reported that a 2014 study showed that a new 600-seat performing arts centre in Langley would cost $30 million to $37 million in 2014 dollars.

I suggest the City of Langley politicians and staff should be leaning hard on Cascades Casino to persuade them to use half of their $68 million net profit of this one year to almost fully fund a legacy performing arts facility for Langley. We could name the new performing arts centre Bingo.

Dave Matlock,

Langley

Just Posted

Coleman decides against running for Surrey mayor

‘I’m a Langley guy,’ MLA says

Glow Langley returns bigger and brighter this Christmas

Organizers will also introduce Harvest Glow — a celebration of autumn

Aldergrove Food Bank leader ‘retires’

Darlene Isaak has a ‘legacy written in the hearts and bellies of the vulnerable’

A closer look at law enforcement for RCMP junior cadets

Annual Langley event marks 13th year

Langley man arrested for alleged voyeurism at BCIT

Burnaby RCMP have arrested a 48-year-old man after he allegedly took photos of a woman in a washroom

Trudeau asks transport minister to tackle Greyhound’s western pullout

Prime Minister Justin Trudeau says he’s asked Transport Minister Marc Garneau to find solutions in Greyhound Canada’s absence.

Hub for mental health and addictions treatment opens at B.C. hospital

St. Paul’s Hospital HUB is an acute medical unit that includes 10 patient beds

Restaurant Brands International to review policy over poaching employees

One of Canada’s largest fast-food company to review ‘no-poach’ franchise agreements

Calgary family’s vacation ends in tragedy on Texas highway

Three people died and four others were injured in the crash

Union construction cost competitive, B.C. Building Trades say

Non-union firms can bid on infrastructure, but employees have to join international unions

Trudeau to shuffle cabinet ahead of Liberals’ team for 2019

Trudeau could lighten the work loads of cabinet ministers who currently oversee more than one portfolio

Car calls 911 on possible impaired B.C. driver

A luxury car automatically calls Princeton police to scene of crash involving alcohol

BC Games marks 40 years in 2018

Cowichan Games a milestone for BC Games Society

VIDEO: Life’s a beach at this B.C. sand sculpting contest

More than $50,000 was up for grabs at the annual contest held in Parksville

Most Read