VLT Reviews Underway
The Nova Scotia government will release the results later this summer of independent financial reviews into VLT funds at nine First Nations.
So far, reviews have been completed at Eskasoni and Acadia First Nations.
Michael Baker, Minister responsible for Aboriginal Affairs, said preliminary results of the review into VLT activities at Acadia First Nation are generally positive.
"VLT proceeds are being used to support band projects and activities," he said. "However, the province would like to see clearer reporting to make sure taxpayers and band members know that funds are being used as intended in our gaming agreement."
Mr. Baker said provincial officials have met with the Acadia band and its gaming commission to talk about recommendations flowing from the review. Those recommendations will focus on reporting and community involvement.
"I'm happy to say that the band and the gaming commission will work with us to address these issues," he said.
Reviews at eight other First Nations, which have signed gaming agreements, will begin later this month. The firm of Grant Thornton has been selected through the public tender process to complete the reviews.
Mr. Baker said information will be made available to the public once all the reviews are completed and discussions are held with band and gaming commission officials.
"It's much more efficient to report back when the process is complete, instead of on a band-by-band basis," he said.
Acadia is one of the 10 First Nation communities that signed gaming agreements with the province. In 1999-2000, the total First Nations' share of VLT profits was $15.5 million dollars. Bands also received $1.5 million as their share in 50 per cent of the profits from the Sydney Casino.