B.C. Casino Off to Strong Start
As reported by the Langley Times: "A look at Cascades Casino shows that the downtown Langley City facility has been a huge success in its first year. "The casino's revenues were almost $90 million - an astonishing amount of money for a first-year business. This demonstrates the pent-up demand for gambling that existed in Langley and surrounding areas. "The profits have been excellent as well. After all, the house always wins in the gambling business. "Profits have exceeded $40 million, with 10 per cent of that amount going to Langley City's coffers and a larger amount to Victoria. The windfall has allowed the City to pay down its debt, part of which was accumulated in buying the land the casino now sits on. This has also allowed the City to keep tax increases to a minimum."