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.
The president of the British Columbia Lottery Corp. says restricting large cash buy-ins at casinos was not a panacea to fight money laundering despite government concerns and calls for tighter controls dating back to 2015. Jim Lightbody, who is continuing his second day of testimony today at a public inquiry into money laundering, says the former Liberal government told the Crown corporation to consider cash controls at casinos as part of its overall approach to combat money laundering. But Lightbody says the government, including former finance minister Mike de Jong, supported the lottery corporation s anti-money laundering regime that was based on a risk-based approach, which included monitoring and banning some gamblers.
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B.C. lottery president says cash limits at casinos no panacea to fight illegal money
Commissioner Austin Cullen, back centre, listens to introductions before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia in Vancouver on Monday, Feb. 24, 2020. The president of the British Columbia Lottery Corp. says restricting large cash buy-ins at casinos was not a panacea to fight money laundering despite government concerns and calls for tighter controls dating back to 2015. THE CANADIAN PRESS/Darryl Dyck January 29, 2021 - 3:57 PM
VANCOUVER - The president of the British Columbia Lottery Corp. says the former Liberal government called for tighter controls on cash at casinos but didn t order the Crown corporation to impose buy-in limits on gamblers as part of its overall anti-money laundering strategy.