David A
Senior Member
Yes, somewhat like Alberta but Saskatchewan is more rural and the NDP has deeper roots/more of a history there.
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- Thread starter ION
- Start date
The_Cat
Senior Member
Camrose Casino owner ordered into receivership
The court decision could have implications for the casino's recently approved application to relocate its operations to Edmonton's south.
edmontonjournal.com
David A
Senior Member
I am not happy to learn of any business failure, but I do hope this may put a stop to the current bad idea of moving the casino to Edmonton.Camrose Casino owner ordered into receivership
The court decision could have implications for the casino's recently approved application to relocate its operations to Edmonton's south.
Casino funds should benefit the community they are in period. I also wonder if there was political pressure on AGLC to make a bad decision in this case.
policyenthusiast
Active Member
I think it might be an administrative failure. The article specifies a range of documents that Mayfield failed to produce, and that they haven't been repaying a 2.5M loan since COVID.
I wonder if the person handling the loan quit, and no one picked up the responsibility.
Airboy
Senior Member
Speaking of Failed casino. One that I am surprised is still open is St Alberts. In fact it looks to be adding and renovating.
David A
Senior Member
Not too surprising. Population wise, isn't St Albert 5 or 6 times as large as Camrose?
MacLac
Senior Member
Ol' Smytty is at it again! Next firing? Aimco - pack up your shit and get out of town!!! lol
policyenthusiast
Active Member
Jesus Christ. "For now, Finance Minister Nate Horner has been appointed the sole director and chair for AIMCo, according to the province."
The Province just unilaterally took control of public sector pensions.
David A
Senior Member
What brought this about? Did someone abscond with all the gold?
bodsbods9090
Active Member
End of the article says he won't be making any investment decisions while in that role.
policyenthusiast
Active Member
Small victories, hopefully this turns out to be true.
MacLac
Senior Member
Didn't that C**T face promise that in her rally last week in Red Deer to all of her MAGA supporters? Fire AHS board, fire Aimco, she wants to fire our municipal politicians.....she has got to be stopped!!!
bodsbods9090
Active Member
As someone who's pension is under AIMCo now I hope to God they manage it better.
SarcasticMarmot
Active Member
"The province's statement says the move comes "after years of AIMCo consistently failing to meet its mandated benchmark returns."
The government also pointed to "significant" increases in operating costs, management fees and staffing without corresponding return on investment."
And all of Alberta's Teachers say "We told you so!"
Gronk!
Senior Member
Alberta government fires AIMCo board citing rising costs, poor performance | Globalnews.ca
Finance Minister Nate Horner said the reason is poor performance, with rising staffing and management fees coupled with a consistent failure to meet mandated benchmark returns.
globalnews.ca
The UCP took over the province in 2019. I'm sure they'll grasp at straws to place the blame on the NDP.