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Casino New Brunswick - Update

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July 18, 2008

MONCTON, NB - In a new conference this week, the Finance Minister and chairman of the New Brunswick Lotteries and Gaming Corporation, Victor Boudreau, said Casino New Brunswick is expected to draw $50 million in annual revenues. Of that amount twenty-five million will go to the province, $23.5 million to Sonco Gaming New Brunswick Ltd. and the rest into a capital reserve fund. The City of Moncton should receive approximately $1.5 million per year in municipal taxes.

"This will be a jewel for this region and for the province," Boudreau told reporters. Construction will start organizing in August and the casino will open in the spring of 2010.

The casino will be located on Highway 2 (the Trans-Canada Highway) just south of Mountain Road in the Magnetic Hill area. Its entrance will be between the Petro-Canada gas station and Amsterdam Inn.

The artist renderings show a maritime-themed casino complex with two lighthouses as part of the exterior design. There are three buildings with photos of the province's 69 lighthouses inside the corridors connecting the buildings.

600 slot machines
20 table games - roulette, blackjack, mini baccarat, wheel of fortune, craps.
8 poker tables

Hotel - 128 rooms
Palladium - 1,500-seats
Parking - 2,000 spaces

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