At­lantic Lottery misses profit tar­get in New­found­land and Labrador

The Southern Gazette - - Classifieds - HAL­I­FAX, N.S. tele­gram@thetele­gram.com

The At­lantic Lottery Corp.’s prof­its soared in fis­cal 2017-18 and New­found­land and Labrador raked in $133.8 mil­lion from peo­ple’s taste for lottery tick­ets and gam­bling, but the cor­po­ra­tion had set higher tar­gets for this prov­ince.

“I’m proud to share that At­lantic Lottery ex­ceeded its tar­get to re­port prof­its of $419.2 mil­lion in fis­cal year 2017-18,” CEO Brent Scrimshaw said in de­liv­er­ing the cor­po­ra­tion’s an­nual re­port in Hal­i­fax Mon­day, Oct. 1.

Of the to­tal prof­its in 2017-18, At­lantic Lottery — owned by the four prov­inces — also re­turned $137.9 mil­lion to Nova Sco­tia, $128.7 mil­lion to New Brunswick and $18.8 mil­lion to Prince Ed­ward Is­land.

All prov­inces’ prof­its grew from the pre­vi­ous year and sur­passed their 201718 profit tar­gets ex­cept in New­found­land and Labrador, where the pro­vin­cial tar­get was missed by $4.5 mil­lion, Scrimshaw said in a news re­lease.

The Desti­na­tion line of At­lantic Lottery, which in­cludes its video lottery and Red Shore busi­nesses, ac­counted for $284.3 mil­lion of the an­nual profit, while the re­tail and iLot­tery line of busi­ness added the re­main­ing $134.9 mil­lion.

At­lantic Lottery said counted among its key suc­cesses the past fis­cal year were the im­ple­men­ta­tion of en­abling tech­nol­ogy in­fra­struc­ture, in­clud­ing new sys­tems for both re­tail lottery and iLot­tery, as well as broad new dig­i­tal ap­pli­ca­tions on­line and through new mo­bile iOS and An­droid apps.

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