Newspaper article The Canadian Press

Atlantic Lottery Profits Up to Record Levels with Growth in Online, VLTs, Lottos

Newspaper article The Canadian Press

Atlantic Lottery Profits Up to Record Levels with Growth in Online, VLTs, Lottos

Article excerpt

Atlantic Lottery profits keep rising

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HALIFAX - Atlantic Lottery profits have risen for the third straight year to a record-setting $431.6 million, as video lottery sales rebound and online gambling grows in the region.

The agency says in its annual report that profits to the four provinces total $54.7 million more than last year, with sales growth in most areas.

The VLTs have been criticized by some anti-gambling advocates as contributors to gambling addictions. However, the corporation says in a news release that the video lottery network and other terminal games introduced over the past two years contributed to revenue growth of over $40 million this year when compared to the year before.

The corporation says over the next year it plans to replace a number of VLTs, mainly in Nova Scotia, and seven new games will be introduced. …

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