Canadian provinces to reduce the number of VLTs owing to slower than expected revenue growth
Reading Time: 1 minute
A 2018-2019 business plan released by the Nova Scotia Provincial Lotteries and Casino Corporation (NSPLCC) on Thursday disclosed the goals of the corporation, as well as the status of the revenue growth acquired in the past year.
Owing to slower than anticipated revenue growth from video lottery terminals (VLTs) in the fiscal year 2017-2018, the Canadian province has decided to withdraw machines from the gambling venues.
The information also reveals that the video lottery segment is not a sustainable source of revenue in the long-run. The NSPLCC believes that one of the necessary measures to keep a healthy economy is to gradually remove VLTs and to increase revenue from other gambling modalities, such as lottery tickets.
The corporation also wants to focus on its online platform, as it recognises that customer preferences are shifting: the plan reveals that people are increasingly deciding to play lottery and other games of chance online.
Source: European Gaming Industry News