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VancouverVille
Who'd a thunk it.
The Casino-Industrial-Complex in downtown Lotusland, which was made possible, at least in part, by the 'man-of-many-hats' as well as he who called 'deal breaker', lo those many GordCo, Inc. years ago, is allegedly losing money hand-over-fist.
Intrepid document deep-diver Bob Mackin has the story. Here is his lede:
The new casino and hotel complex beside B.C. Place Stadium is struggling as its first anniversary approaches.
A report to shareholders by Dundee Corporation, which holds 35% of the company that operates Parq, said the so-called urban resort lost a whopping $80.8 million during the first six months of 2018.
“The initial ramp up of operations has been slower than anticipated due to a number of factors, including the regulatory cost and business impact of new anti-money laundering regulations applicable to casinos in British Columbia, which were implemented in December 2017,” said Dundee’s June 30 report....
Did you see what I saw (and bolded), above?
Looks like some of the money men are actually blaming new 'regulations' that mean that they must now instruct their staff not to accept anonymous hockey bags full of twenties, etc. for their misfortune.
Do these people have no shame?
And/or sense of decency?
Sheesh.
.
Mnusical interlude
40 minutes ago
1 comment:
Yes, isn't David Eby ashamed of himself now, stopping all that money laundering and all those hockey bags full of money. those poor casino owners. pray tell what will they do now.
Looks good on the bastards. That casino ought never have been built but those greedy SOBs thought they could use B.C. as their laundry machine. The B.C. Lieberals must have made them some promises. Thankfully its a democracy and that government went and we know have David Eby who is doing a fine job!
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