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Another record quarter at River Rock casino
It was another record-setting quarter for River Rock Casino Resort.
Great Canadian Gaming Corp. announced its financial results for the three-month period ending March 31, 2014, and highlighted the numbers from its Richmond casino.
River Rock reported revenues of $46 million, and $25.4 million in earnings before interest, taxes, depreciation and amortization, which it described as "the highest in the property's history."
In total, Great Canadian reported revenues of $103.8 million, the second highest in the company's history and the highest since the third quarter of 2008.
2013 was a record-setting year for River Rock, and that was good news for the City of Richmond as well.
River Rock poured $17.6 million into city coffers, up more than 13 per cent over the record-setting 2012.
Over the past five years, the City of Richmond has seen its share of River Rock profits steadily grow from $11.9 million in 2009, to $15.6 million in 2012 before this year's record-setting numbers.
Richmond receives 10 per cent of net gaming revenue from River Rock.
Between 1999 and 2012, the city received $115.5 million in gaming cash from River Rock.