Treasure Cove Casino brought in an unprecedented $62.37 million in revenue during the 2022-23 fiscal year, according to a B.C. Lottery Corporation report.
It was the first full year of operations post-pandemic. Next-most lucrative was 2019-20, when $50.92 million was generated despite a year shortened two weeks by the pandemic.
No report was provided for 2020-21 when casinos were shut down across B.C. They were reopened three months into 2021-22 and Treasure Cove pulled in $43.78 million.
Slot machines accounted for $56.79 million in 2022-23, followed by bingo at $3.35 million and table games at $2.23 million.
Treasure Cove was the ninth-highest earner among B.C. casinos but ranked No. 1 among venues that provide bingo. Planet Bingo in Vancouver was next at $2.82 million.
The operator's commission amounted to $17.09 million, compared to $14.19 million for 2019-20.
Under their agreements with BCLC, casinos receive 25 per cent of net win (revenue after prizes) from slots and electronic table games, 77.5 per cent of net win from poker and craps, 62.5 per cent of net win from low-limit blackjack, 40 per cent of net win from high-limit tables (except for high-limit craps, 75 per cent of net win) and 42.5 per cent of net win from all other table games.
Looking at bingo, operators receive 90 per cent of bingo sales (after prizes are paid) on the first $10,000 per week, 45 per cent of bingo sales (after prizes are paid) greater than $10,000 per week, 60 per cent of weekly net win from bingo games (paper bingo only) and 25 per cent of weekly net win from electronic pull tabs
The pandemic had forced Treasure Cove to close in mid-March 2020. Some 15 1/2 months later it reopened on July 1, 2021.
