Online gambling, casino profits brighten Atlantic Lottery’s financial picture | CBC News ...Middle East

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Online gambling, casino profits brighten Atlantic Lottery’s financial picture | CBC News
source : canadian news today ( Middle East ) () 27
The latest annual report from the Atlantic Lottery Corporation shows legal gambling to be like many other businesses in two key ways: Profits are up coming out of the pandemic and more customers prefer to do things online.  “I wouldn’t categorize it as normal by any stretch,” ALC president and CEO Patrick Daigle said of the 2021-22 fiscal year.  “We were still operating under some … COVID restrictions and 2023 was the first full year that we didn’t have to contend with that.” Despite that, the pot of money being returned to the four Atlantic provinces took a big jump in 2021-22, with the P.E.I. government’s share of net profit coming in at $23.5 million, up 59.7 per cent compared to $14.71

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