The British Columbia Lottery Corporation’s online gambling site has posted double-digit revenue growth thanks to improved slots activity.
Figures released this week show BCLC’s net income in the 12 months ending March 31, 2017 hitting C$1.34b (US $1.07b), up 2% over the fiscal 2015-16 result. The 2016-17 net income set a new record and exceeded BCLC’s targeted profit by C$96m.
Revenue hit a record C$3.14b, a C$42m improvement over the previous year. The Crown Corporation credited the gains to “innovation and capitalizing on strategic investments in our slots offerings in casino and online.”
BCLC’s PlayNow.com gambling site contributed revenue of C$157.6m, 16% higher than the previous fiscal year and more than twice the sum the site generated in 2012-13. BCLC lumps in its online ops with its Lottery division, therefore preventing any analysis of how much of that revenue the site is taking to the bottom line.