01:46:34 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Great Canadian Gaming Corp
Symbol GC
Shares Issued 60,894,490
Close 2018-03-27 C$ 32.53
Market Cap C$ 1,980,897,760
Recent Sedar Documents

Van Sun says Great Cdn told suspicious activity drops

2018-03-28 08:13 ET - In the News

The Vancouver Sun reports in its Wednesday edition that "suspicious" casino-cash transactions plummeted in British Columbia after the NDP government tightened oversight, says Attorney-General David Eby. The Sun's Gordon Hoekstra writes that in a presentation Tuesday to the House of Commons standing committee on finance, which is receiving input on amendments to the Proceeds of Crime and Terrorist Financing Act, Mr. Eby said that suspicious transactions to B.C. casinos had fallen to $200,000 in February from a high of $20-million in July, 2015. "We have reduced it by a factor of 100," said Mr. Eby. Following the peak in 2015, about $5-million a month in suspicious transactions were recorded, amounting to hundreds of millions of suspicious cash flowing through casinos. The drop occurred following changes introduced in January that put tighter restrictions on cash flowing into casinos and beefed up regulatory oversight around the clock at the biggest casinos. Mr. Eby told the federal committee, however, that he did not believe that the initial changes had solved the problem. "I believe that money has moved elsewhere, and I also believe we have a concern that needs to be dealt with bank drafts," he said.

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