British Columbia Lottery Corporation (BCLC) has revealed that their income has shown a significant growth. Their net income in the 2016/17 financial year is C$1.34 billion, which is more than what the company made in the previous financial year. This has exceeded the profit target that they had set to meet of C$96 million for the 2016/17 fiscal year. The company attributes this growth to the innovation and tactical investments in Slots offering.
British Columbia Lottery Corporation (BCLC) is a provincial government owned gaming company that offers gambling products to British Columbia residents. BCLC has three division which are land-based casinos, online gaming, and lottery.
BCLC Online Gaming
PlayNow.com is one of their subsidiaries that provides Canadian gamblers with a platform to play casino games online. This online gaming site has contributed to the growth of the revenue that BCLC has achieved in this fiscal year. PlayNow.com made a C$157.6 million contribution which comes from the introduction of new games.
BCLC in the past months had made partnerships with NYX Gaming and NetEnt content providers which have led to the introduction of the new games.
BCLC Lottery and Local Casinos Gambling
Even though the company has announced its growth in revenue, their lottery division is not doing so well. The income in this division has gone down by 2% because of the reduced national lottery jackpots. Another issue that BCLC is facing is that it has fewer outlets and terminals.
As for the land-based casino gambling division, it has shown improvement with a revenue of C$1.86 billion. This income comes from the 15 land-based casinos, 18 public gaming venues, two racecourses and six bingo centers. Slots gaming is what mostly contributed to the growth the income for this division.
Canadian gamblers can play slots and table games at the local casinos in the province or choose to play online at PlayNow.com.