Decrease in profits of casinos in British Columbia

Decrease in profits of casinos in British Columbia

Casinos in British Columbia In early 2018, the casino development and implementation industry in British Columbia began introducing and implementing state-of-the-art anti-money laundering techniques. The event, which is sponsored by the British Columbia Lottery Corporation (BCLC), resulted in the expected damage to the gambling sector in the Canadian province. Indeed, the largest world-class casinos River Rock and Parq personally experienced a decrease in profits in the first half of this year, and the reason for the drop in income, the firms that closely cooperate with the named gambling establishments, are called new methods of combating monetary fraud. Now BCLC will always insist on providing information about a part of the profits of any participant in gambling who wants to make an entrance fee required for the game (buy-in) in excess of € 6.6 thousand, as well as on the full provision of information from the gambling establishment about the sources these financial investments.

The company that operates River Rock Casino in Richmond said revenue has dropped markedly due to low player stakes during entertainment. The same situation is observed at Parq gambling establishment in Vancouver. But according to prosecutor David Eby, the main task of the event was completed, as dubious transactions fell from € 13.2 million (2015) to € 132 thousand this year (March). They were also told that some negative consequences for gambling establishments were expected, but the fight against monetary crimes must be continued until the abuses in the casino are completely ended.

Author: Ivanov Harlam Ivanov Harlam | Last update: 05.09.2018

The following pages may interest you as well:

Casino resort Tigre de Cristal - prospects confirmed by Summit Ascent Online casino news 02 november 2020

Casino resort Tigre de Cristal - prospects confirmed by Summit Ascent

Summit Ascent will increase its stake in Tigre de Cristal to continue the development of the casino. […]

Cashino Gaming: One of the Best Employers of the Year Online casino news 27 february 2018

Cashino Gaming: One of the Best Employers of the Year

Analysts at the Daily Telegraph Business have prepared a list of the best employers of the past year. This list includes such companies as UK Mail, Europcar, British Museum, etc. […]

Jeju Shinhwa World Gambling Zone Launches In February Online casino news 19 january 2018

Jeju Shinhwa World Gambling Zone Launches In February

Jeju Shinhwa World gambling zone management plans to launch the casino in February. South Korean press commenting on the upcoming celebration […]

Romanian casinos will receive Ezugi games Online casino news 08 july 2021

Romanian casinos will receive Ezugi games

Romania welcomes the arrival of Ezugi. […]

Online casinos meet the Play'n GO novelty Online casino news 14 march 2020

Online casinos meet the Play'n GO novelty

Online casinos started downloading the new Play'n GO product - the Testament slot. […]

Pragmatic Play launches a novelty - Hot Fiesta slot Online casino news 23 april 2021

Pragmatic Play launches a novelty - Hot Fiesta slot

The new Pragmatic Play slot is coming to the casino. […]

Comments ()

    You need to login to create comments.

    Recommend Casinos

    Joycasino
    Joycasino
    Fairspin Casino
    Fairspin Casino
    Casino-X
    Casino-X
    MalinaCasino
    MalinaCasino
    BitStarz Casino
    BitStarz Casino
    Jackpot City Casino
    Jackpot City…
    All Slots Casino
    All Slots Casino
    AHTI Games Casino
    AHTI Games Casino
    PlayOJO Casino
    PlayOJO Casino
    Eurogrand Casino
    Eurogrand Casino

    Recommend Games

    9 Blazing Diamonds Wowpot
    9 Blazing Diamonds Wowpot
    Gorilla Gold Megaways
    Gorilla Gold Megaways
    Release the Kraken
    Release the Kraken
    Rainbow Riches Pick `n` Mix
    Rainbow Riches Pick `n` Mix
    Slots Angels
    Slots Angels
    Viking Voyage
    Viking Voyage
    Siberian Storm
    Siberian Storm
    Book of Oz
    Book of Oz
    Fruity Friends
    Fruity Friends
    Grand Spinn
    Grand Spinn