Casinos inquiry awaits government and police explanations alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.
The former chairman of the board at the British Columbia Lottery Corp. says he advised cabinet ministers in two different governments to get out of high-end gaming where bet limits reached $100,000.
Former BCLC board chair says government ill-suited to run gambling Bud Smith testified he expressed his views about getting the Crown-owned lottery corporation out of high-limit gaming to Mike de Jong in 2015 and to David Eby in 2017
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Publishing date: Feb 04, 2021 • February 4, 2021 • 3 minute read • Testifying at the public inquiry into money laundering in B.C., former BCLC board chair Bud Smith said that the potential for suspicious activities at gaming outlets has historically been present in B.C. and the government would be better suited as a regulator. Photo by Nick Procaylo /PNG
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A former chairman of the board at the British Columbia Lottery Corp. says the government is not suited to run gaming operations and should get out of the high-stakes business where bet limits reach $100,000.
Smith, a former B.C. attorney general, said he expressed his views about getting the Crown-owned lottery corporation out of high-limit gaming to de Jong in 2015 and to Eby in 2017, shortly after the NDP formed government. It s my belief that government is ill-suited to be operating this high-level gaming business for a whole host of reasons, he said.
The potential for suspicious activities at gaming outlets has historically been present in B.C. for decades and the government would be better suited as a regulator, while allowing other entities to run high-limit gaming, said Smith.
The Crown-owned B.C. Lottery Corp., formed in 1985 to conduct and manage gaming in the province, has provided more than $23 billion in net revenues to communities.
B C lottery president says cash limits at casinos no panacea to fight illegal money alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.