Compliance Updates

Canadian provinces to reduce the number of VLTs owing to slower than expected revenue growth

Published

7 years ago

March 26, 2018

Niji Narayan

VLT Accessibility. Availability of Machines. Photo credits: Photo credits: www.google.co.in

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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.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.