Atlantic Lotteries revenue dips 11.9% in Covid-hit 2020-21
| By Daniel O'Boyle
Canadian provincial lottery operator Atlantic Lottery Corporation (ALC) saw revenue drop 11.9% to CAD$635.6m (£375.4m/€442.0m/USD$509.7m) in the year ended 31 March, 2021, as the novel coronavirus (Covid-19) pandemic continued to affect earnings.
ALC chair C. Sean O’Connor said the business – which operates lotteries in New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador – saw revenue hit by the effects of the Covid-19 pandemic for the second straight year.
“Once again, the annual report for Atlantic Lottery must highlight the effects of the Covid-19 pandemic, which heavily impacted the financial results for the year ended March 31, 2021,” he said.
“Like many businesses, we started our fiscal year with shutdowns in the hospitality and horse-racing industry, as well as at some retail locations.”