P.E.I. forgoes lottery profits to pay off $4.3M GeoSweep investment

Although giving up ALC profit shares for a time has an impact on P.E.I.’s revenues, it is not the only source of revenue, says Finance Minister Allen Roach. The P.E.I. government is giving up its share of Atlantic Lottery Corporation lottery profits until the $4.3 million it agreed to invest in the U.K. gaming company Geonomics is paid back.