British Columbia’s online operation shines in latest results
News on 26 Aug 2017
News on 26 Aug 2017
The British Columbia Lottery Corporation’s online gambling division PlayNow.com has made a valuable contribution to the group’s 2016-17 FY results, generating revenue of Cdn$ 157.6 million, up 16 percent year-on-year.
The improvement was attributed by management to increased online slot activity and content innovation – new content was added during the year following deals with NetEnt and NYX Gaming (see previous reports).
The report reveals that PlayNow’s player base has risen to over 370,000 and counting.
The BCLC may be a little complacent regarding its online gambling operation, however – the report shows that only Cdn $1.6 million was allocated for online capital spend – less than half the amount allocated in the previous year.
The BCLC group as a whole reported net income of Cdn$ 1.34 billion, a y-o-y rise of 2 percent and a new record for the Canadian province. That was on the back of revenue of Cdn$ 3.14 billion, most of it from land casino activity (Cdn$ 1.86 billion) and lotteries which saw a slight decline at Cdn$ 1.13 billion.
