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Last Updated: Friday, 11 April, 2003, 15:02 GMT 16:02 UK
Proposal to co-ordinate gambling
Fruit machine
A reserve is to be put aside in the event of a decline in gambling
It has been proposed that Alderney's gambling revenues should be "ring-fenced".

The idea is being put forward by the island's Policy and Finance Committee, which wants the Alderney Gambling Commission to agree a fixed budget.

The committee has said this is to ensure all gambling income and costs are fully co-ordinated.

It will also allow a reserve to be put aside in the event of a decline in the industry.

Managing finances

However, all the details of the proposal have yet to be finalised.

Meanwhile, £25,000 is being spent to make sure Alderney manages its finances more effectively.

Policy and Finance is working with KPMG to develop a "Corporate Economic Plan" for Alderney.

The committee stresses this will not involve the island being dictated to by consultants.

Instead it says it will provide a system by which the States can accurately predict how much money is needed and put in place measures to meet these objectives.




SEE ALSO:
Green light for Sunday gambling
21 Feb 03  |  Northern Ireland


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