Casino Booming Headline Timing.

Re: Casino Booming Headline Timing.

Postby XT225 » Nov 27th, 2018, 11:00 pm

burnedatstake wrote:i read in an article that the casino lost hundreds of thousands of dollars during the strike. id post the link but the link would be bleeped. those who opposed the union always said that the casino was fine without the union workers. if that was the case why are they singing the blues saying they lost money?


Good question, however it would be my guess that with the Casino running on bare minimum staff, no restaurants and a fraction of the patrons that would normally frequent the place, profits were likely way down. Enough to pay the light bill and the management staff but not a lot more, I bet.
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Re: Casino Booming Headline Timing.

Postby soupy » Nov 28th, 2018, 8:10 am

XT225 wrote:
burnedatstake wrote:i read in an article that the casino lost hundreds of thousands of dollars during the strike. id post the link but the link would be bleeped. those who opposed the union always said that the casino was fine without the union workers. if that was the case why are they singing the blues saying they lost money?


Good question, however it would be my guess that with the Casino running on bare minimum staff, no restaurants and a fraction of the patrons that would normally frequent the place, profits were likely way down. Enough to pay the light bill and the management staff but not a lot more, I bet.


Why cant you post the link?

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Re: Casino Booming Headline Timing.

Postby OKkayak » Nov 28th, 2018, 5:02 pm

soupy wrote:
Why cant you post the link?

I tried Googling it, couldn't find anything supporting the posters claims.

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Re: Casino Booming Headline Timing.

Postby XT225 » Nov 28th, 2018, 5:08 pm

*removed*
Last edited by ferri on Nov 28th, 2018, 5:09 pm, edited 1 time in total.
Reason: Article from local source other than Castanet.
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Re: Casino Booming Headline Timing.

Postby XT225 » Nov 28th, 2018, 7:37 pm

OKkayak wrote:I tried Googling it, couldn't find anything supporting the posters claims.


The link is not allowed because it came from another media source. Basically the bottom line was losses of payments from gaming funds from the Casinos in the valley.

The City of Penticton’s payment was down $364,000 to $208,000.
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Re: Casino Booming Headline Timing.

Postby twobits » Nov 28th, 2018, 7:59 pm

Lordy, who would not understand that revenues would be down substantially during a labor strike. Expenses would also be commensurately less as well. As would the City's cut of profit.
What the dipper Burned doesn't mention is those dollars not spent at the Casino restaurants etc, were spent at other private enterprises in the City that had to hire staff to keep up with demand. And speaking of private enterprise....the Casino is just that....a privately owned business. The City had as much right to get involved in this strike as it does when Fortis goes on strike.

The money was surely still spent, it just didn't go to where Burned thought it should.
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Re: Casino Booming Headline Timing.

Postby OKkayak » Nov 29th, 2018, 5:32 pm

XT225 wrote:
The link is not allowed because it came from another media source. Basically the bottom line was losses of payments from gaming funds from the Casinos in the valley.

The City of Penticton’s payment was down $364,000 to $208,000.

Thanks for the effort, appreciate it :up:
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Re: Casino Booming Headline Timing.

Postby onestop67 » Nov 29th, 2018, 10:33 pm

fluffy wrote:
soupy wrote:with all tips received and pay proper taxes on them.


Are we sure they aren't paying taxes already? This same discussion in the Central Okanagan forum said that tips are pool and distributed by the employer, and as I understand it as soon as the employer is involved in any kind of pooling/distribution action the tips become formal income and must appear on the employees' pay stubs with all appropriate deductions.


Yes. The tips at the casino are pooled and reported on the employee's T4 slips (it also shows on their paystubs, hopefully, so the employee will factor in that extra income throughout the year and be prepared for the impending tax owing.

Now there are a few other factors in play.

ALL tips given to dealers at tables are deposited into a drop box that is secured to the table in front of the said dealer. That money is pooled and shared. There is next to no way a dealer could pocket a tip, as the tables are being monitored by security cameras at all times. The only workers in the casino that get cash tips are the bartenders and servers. I'm not sure if they are supposed to contribute to the tip pool or a part of the same union, but if they are, it is probably based on a percentage of their sales for the shift.

I personally had a couple of tax clients, back in the 80's, that worked at the casino in Kelowna. CRA came in and did a massive review/audit, solely aimed at the tip money. CRA continues to pursue this. The last thing a multi-million dollar company like Gateway wants to do is *bleep* off CRA over employee tips. They report the tips.
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