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

VIDEO: Snow Day in the Langleys

Digging out after heavy snowfall

‘Acoustic Ninja’ comes to Fort Langley

Trace Bundy bringing astonishing guitar skills to Chief Sepass Theatre on March 3

VIDEO: Snowfall’s timing perfect for young sledders

Langley kids made the most of a district-wide pro-d day on Friday

Langley work crews prep for significant dump of snow

Work underway to keep roads as clear and safe as possible

Rivermen’s Bernard a nominee for top d-man

Langley’s Colin Bernard has been a steadying presence on Rivermen blue-line

VIDEO: What you need to know today at the B.C. Games

B.C. Winter Games athletes work for gold in the last full day of competition

Cariboo woman raises funds for Seizure Investigation Unit beds at VGH

VGH Foundation gets VCH approval to begin fundraising for SIU beds; local efforts are paying off

Looking back at the 1979 B.C. Games: Good memories, even better jackets

39 years later, Kamloops is hosting the Winter Games again, with some volunteers returning

BCHL Today: Cowichan Caps play spoiler and Nanaimo wins 10th straight game

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

Federal budget to unveil incentive for 5-week second parent leave: official

Goal behind the measure is to give parents more incentive to share child-rearing responsibilities

Notley says Alberta watching B.C. court bid closely, will get no free ride on it

Alberta Premier Rachel Notley ended the three-week ban on B.C. wine, calming the trade war

Trudeau ends troubled India trip in his comfort zone of hockey and youth

The players, 18-25, came to New Delhi from Ladakhi in northern India, as part of outreach program

OLYMPIC ROUNDUP: Kim Boutin named Canada’s flag bearer for closing ceremony

Two more medals for Canada, including the bronze in men’s hockey

Team Canada’s Dave Duncan apologizes after drunken joyride in Pyeongchang

Duncan, his wife Maja and Canadian technical coach William Raine detained by South Korean police

Most Read