Casino reopened three months into fiscal year when pandemic-related closure restrictions lifted
Treasure Cove Casino brought in $43.9 million in revenue during an abbreviated 2021-22 fiscal year, according to the B.C. Lottery Corporation.
The figure is down $7 million from the amount the casino has typically reached in past years, but likely because it had to wait three months to reopen when pandemic-related restrictions that closed the operation were finally lifted.The pandemic had forced Treasure Cove to close in mid-March 2020. Some 15 1/2 months later it reopened on July 1, 2021.
Despite a 2019-20 fiscal year shortened two weeks by the pandemic, Treasure Cove brought in $50.9 million, up $101,000 over the previous fiscal year.Under their agreements with BCLC, casinos receive 25 per cent of net win from slots; 77.5 per cent of rake from poker and of net win from craps; 62.5 per cent of net win from low-limit blackjack; 40 per cent of net win from high-limit table games; 42.
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