Summary Regarding Curling Club Casino Funds

All forms can be found on the Alberta Gaming and Liquor Commission website www.aglc.gov.ab.ca

The proposed change in use of proceeds shall be subject to the approval by way of ordinary resolution of the Shareholders at the extraordinary general meeting of the Company to be convened on October 9, 2020 (the 'EGM '). The notice of the EGM together with a circular containing, among other things, further details of the proposed change in use.
The Charitable Gaming Policies Handbook provides detailed information including: General information Basic eligibility Eligibility for specific groups General use of gaming revenue/proceeds Specific use of proceeds.

As part of our collaboration moving forward, the Federation will host another AGLC workshop for our members. This is not a normal GAIN workshop as typically offered to the public, so we encourage you to attend. This workshop will be customized to address our members’ needs, as we hear details about the aforementioned updates. According to AGLC officials, proceeds earned from the gaming platform will contribute to Alberta’s General Revenue Fund, which is used to support programs and services in the province.

Funds must be spent within 24 months of receipt of gaming proceeds. You must submit a detailed business case for approval from the Commission if you would like to carry the money beyond the 24 months.

Casino #1 Nov. 15 &16, 2001
Casino #2 Aug 7 & 8, 2003
Casino #3 Dec 13 & 14, 2005
Casino #4 Mar 11 &12, 2008
Casino #5 Nov 17 & 18, 2010
Casino #6 Dec 5 & 6, 2013
Casino #7 Oct 31 & Nov. 1, 2016

Excerpts from GAIN (Gaming Information for Charitable Groups) Manual

Aglc Casino Use Of Proceeds Tax

Page 21 – Sports Groups – Eligibility

deliver a structured, developmental, amateur sports program to the public on an individual or team basis; adult sports groups may be eligible if:
- programs are open, advertised, and promoted to the general public;
- basic eligibility requirements are met;
- they deliver a structured and developmental youth program comprised of 75% youth; and,
- they use a minimum of 50% of gaming proceeds on youth programs

Page 36 – Annual Donations within Alberta greater than $1,000 requires:

A written request from the donor group detailing the :
- intended recipient’s name and address
- amount of the donation
- purpose(s) for each donation

A written agreement provided by the donor group and signed by the recipient group, stating it will:
- maintain a record of donations showing date, amount, source of donated funds and date, amount and purpose of disbursements
- allow the Commission access to all records

A Statutory Declaration sworn by an executive member of the donor group that no group or individual will benefit from the recipient group as a result of the donation.

Page 38 – Facility – Eligible Use of Proceeds

Facility disbursements are Eligible if the Facility is owned by the group

Page 41 – Sports – Eligible Use of Proceeds

rental fees of a facility or venue for the group’s sporting events
coaching/instructor fees if they are essential to the program delivery and their functions can’t be performed by a volunteer (“Request to Use Gaming Proceeds to Pay Wages/Salaries” form must be submitted)
membership, registration, affiliation, or insurance fees to tournaments or governing bodies when those fees are related to a group’s objectives.
adult sports groups with a youth component must use at least 50% of gaming proceeds on their youth programs.

A Canadian think tank has insisted that Alberta’s gambling profits estimated at more than CA$1.4 billion had better be used to fund a monthly benefits for the province’s financially disadvantaged residents.

In a report published earlier this week, Cardus think tank revealed that Alberta-based households with the lowest income pay 7% of the yearly earnings generated through gambling to the Government of the Canadian province, which is three times the proportion paid by the wealthiest residents of Alberta. Cardus’ report, which is called “Royally Flushed”, concluded that people at the lowest and the highest margin of society are making disproportionate payments into the province’s coffers.

The think tank’s report includes suggestions on how to use the revenue generated by the Alberta Gaming and Lottery Corporation (AGLC) for reducing poverty in the province, instead of merging it with the general tax revenue that is contributed to the local coffers.

Cardus has recommended the establishment of a gaming equality benefit that would be used to redirect the yearly gambling profits contribution to families with low incomes so that it is not mixed with the province’s general tax revenue. If the recommendation becomes reality, the contributions would be made through a special monthly support system that is pretty much the same as the social assistance system available in Alberta.

More Than 75% of AGLC 2019 Profit Generated by Slots and Video Lottery Machines

Aglc Casino Use Of Proceeds Revenue

Cardus think tank further shared that profits generated by the Alberta Gaming and Lottery Corporation should be used to encourage savings, which is considered one of the most efficient ways to make sure local families do not turn to extortionate payday loans. Think tank officers have reminded that this could help low-income families in Alberta boost their savings accounts by following a model that is pretty much the same as some contributions and savings accounts.

The “Royally Flushed” report presented findings that video lottery machines and slot machines, which are considered harmful to players as they encourage them to lose control of their gambling, generated over 75% of the AGLC overall profit in 2019. According to data provided in the think tank’s report, residents of Alberta are likely to gambling services’ expenditures that are almost six times higher than they confess.

As mentioned above, Cardus also found that the revenue generated by the Alberta Gaming and Lottery Corporation is treated in similarly to general tax revenue. Gambling revenue has not been specially designated to fund community improvement projects.

Aglc Casino Use Of Proceeds Money

According to one of the authors of the “Royally Flushed” report, Brian Dijkema, the province’s authorities made a crucial mistake last year at the time they decided to mix the proceeds generated from AGLC’s lottery, casino and slot machines with the general revenues received by the local government. Mr. Dijkema explained that the step only cemented the status of the province’s gambling system as what he described as a taxation’s regressive form, which accounted for disproportionate payments made by the richest and poorest members of society.