The province is upping the ante in hopes of cutting down on the gambling.
Alberta bars and lounges will see an arrival of 6,000 new VLTs over the course of the summer, and the new generation of machines will feature new time limits and a top prize which has more than doubled.
According to the Edmonton Sun, the new machines will cost $187 million, and come at a time when most existing VLTs are reaching the end of their run.
"The lifespan of the VLTs is seven to eight years, replacement parts were no longer available and we were having to cannibalize parts," Jody Korchinski, spokesperson for the Alberta Gaming and Liquor Commission (AGLC), told the Sun.
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29 Ways You Waste Cash
29. Impulse Buys(01 of29)
Open Image ModalWho doesn't know that impulse purchases are a bad idea? I've even realized it was a bad idea as I was doing it. So here are three quick tips: 1. Make a shopping list. Take it with you and stick to it. 2. Eat beforehand. An empty stomach can doom the most prepared shopper, especially at the supermarket. 3. Shop alone. Bringing children (or a significant other who acts like a child) is a sure way to fill your cart with impulse buys. (credit:Flickr: lrargerich)
28. Buying Online Without Comparison Shopping(02 of29)
Open Image ModalWhen you shop online, there are hundreds of sites competing for your business. Buy those shoes at the first site you go to and you may be wasting money. Compare the purchase and shipping price at three or more sites before you buy anything. (credit:Flickr: theogeo)
27. Paying For Protection You Don't Need(03 of29)
Open Image Modal26. Being Disorganized(04 of29)
Open Image ModalBeing disorganized about your finances leads to costly late payment fees and overdraft charges. You can easily rack up hundreds in fees. For example, even a single $25 late fee per month will cost $300 extra a year. Set up bill reminders and keep your checkbook balanced. (credit:Flickr: aliwest44)
25. Expensive Cell Phone Plans(05 of29)
Open Image Modal24. Not Using Coupons(06 of29)
Open Image Modal23. Oil Changes(07 of29)
Open Image ModalCars don't need oil changes as frequently as they used to. If you're getting your oil changed every 3,000 miles, you're probably doing it too often (and wasting money). Follow the recommended mileage in your owner's manual. (credit:Flickr: robertstinnett)
22. Premium Fuel(08 of29)
Open Image Modal21. Not Taking Advantage Of A 401(K) Company Match(09 of29)
Open Image ModalMany companies will match an employee's 401(k) contribution up to a certain percent. If you're not contributing enough to meet the maximum match, you're losing out on free money. Ask your HR department for information on your company match. (credit:Flickr: urban_data)
20. Bill Pay Convenience Fees(10 of29)
Open Image ModalSome online or over-the-phone bill payment services come with fees. For example, my electric company charges $2.95 to pay online through their website. Instead, I use free bill pay through my bank. I still get to pay online, but I skip the fee and save $35.40 a year. (credit:Flickr: kalleboo)
19. Hotel Fees(11 of29)
Open Image Modal18. Paying For Services You Don't Use(12 of29)
Open Image ModalAutomatic withdrawals make us lazy with our money. If you're paying for something each month - like a gym membership, magazine subscription, or streaming service - make sure you use it, or those charges will add up to wasted cash. For example, here are mine:
1. Gym membership - $29.99 per month
2. Netflix subscription - $9.99 per month
3. Popular Mechanics subscription - $1 per month
That's more than $40 a month. I make sure I get my money's worth out of them. (credit:Flickr: Asiatic League)
17. Ignoring Your Insurance(13 of29)
Open Image ModalBecoming complacent about your insurance can cost you money. Stacy recommends shopping around for new insurance once a year - because when premiums drop or new, cheaper policies are available, no one's going to tell you if you don't ask. Check out our insurance comparison tool to shop for a better rate. (credit:Flickr: comedy_nose)
16. Wasting Utilities(14 of29)
Open Image ModalGrowing up, I got several lectures on leaving the lights on or keeping the front door open and "air conditioning the entire neighborhood." I didn't care too much then because I didn't pay the bill, but now I'm strict with my electricity usage. The result: My summer utility bills rarely top $100. If you've got lights on in a room you're not sitting in, you're wasting money. (credit:Flickr: emdot)
15. Dining Out(15 of29)
Open Image Modal14. Morning Lattes(16 of29)
Open Image ModalIn my area, a Grande Caramel Macchiato costs $4.55. Buy one every weekday and you'll spend $22.75 a week, $91 a month, and $1,092 a year. By comparison, a 16 ounce bag of coffee costs me $5.99 and I can make about 82 cups per bag. That is 7 cents per cup, a savings of $4.48 a day. Make your coffee at home and skip the fancy coffee-house drinks. (credit:Flickr: Kansir)
13. Buying Software(17 of29)
Open Image Modal12. Long-Distance Calls(18 of29)
Open Image Modal11. Baggage On Airlines(19 of29)
Open Image Modal10. Full-Priced College Degrees(20 of29)
Open Image Modal9. Credit Reports(21 of29)
Open Image Modal8. Buying Books(22 of29)
Open Image Modal7. Brand Names(23 of29)
Open Image Modal6. 411 Calls(24 of29)
Open Image Modal5. ATM Fees(25 of29)
Open Image Modal4. Credit Card Interest(26 of29)
Open Image Modal3. Bottled Water(27 of29)
Open Image Modal2. Checking Accounts(28 of29)
Open Image Modal1. Cable TV(29 of29)
Open Image ModalThe new machines were purchased based on research that aims to cut down on problem gambling.
Players will be restricted to resetting the time on a machine only once before cashing out and the machines will not accept more than $100 at a time - as opposed to the existing indefinite betting amount.
AGLC spokesperson Michelle Hynes-Dawson told CBC Calgary the province is attempting to balance entertainment with deterrence methods for problem gamblers.
“To try to meet the demand of the players and the expectations of the players, but also do it in a very responsible way so we're not contributing and we're certainly preventing any gaming-related harm,” she said.
According to the Calgary Herald, this month's budget document forecasts $1.48 billion in gambling and lottery revenue for the province this year - an earning that hasn't been seen since 2008.
David Hodgins, of the Alberta Gaming Research Institute, told the Herald the province is not utilizing enough evidence-based strategies to keep gamblers within limits.
A study done for the Alberta Gaming Research Institute in 2002 found 1.3 per cent of Albertans have a gambling problem; a number that climbs among VLT players.
The AGLC currently has an opt-in program in place to allow people to get help with problem gambling. The Herald reports approximately 850 participants have signed up each year, since 2000.
The introduction of the new machines, however, won't help those with addictions, gambling expert Robert Williams told the Herald.
“We’re still going to have addiction problems with them,” he said.
Hodgins told CBC that while addiction gambling is still a concern, the new VLTs are a step in the right direction.
“Any mechanism that will interrupt play is potentially positive. So we know that some people get really mesmerized by their experience,” he said.
NDP MLA David Eggen said that if the province truly cared about problem gamblers, “they would just have fewer VLTs, instead of putting out fancy, new shiny ones.”
“If they are even spending one dime on something like this, it’s entirely inappropriate,” Eggen told Global Calgary.
Wildrose government critic Shayne Saskiw agreed, telling Global the $187 million is “an astronomical amount. Aren’t there more effective and efficient ways to curb gambling? It’s mind-boggling really.”