/ totositenetttt's Library/ Notes/ The Canadian state is currently reducing its reliance on VLT revenues and reducing the number of machines in gambling venues.
The Canadian state is currently reducing its reliance on VLT revenues and reducing the number of machines in gambling venues.
from web site
This is one of the highlights of Nova Scotia Regional Lottery Casino Corporation (NSPLCC)'s 2018-2019 business plan on Thursday. Most of the strategic objectives and priorities outlined in the document are the same as last year's business plan. But forecast figures show that VLT's revenue growth has slowed over the past few years, most notably in the 2017-2018 fiscal year.
For forecast revenue, there has been growth over the past few years, but revenue has grown at a slower pace, according to the data. Revenue was C$113 million in 2014-2015, while revenue surged to C$133 million in 2015-2016, up $20 million from the previous year. Since then, the growth has only increased by $2 million to $135 million in 2016-2017, and the next period, 2017-2018, saw a modest increase, resulting in sales of $135,2. NSPLCC'S NEW BUSINESS PLANS PROVIDE POSITIVE ESTIMATES FOR VLT REVENUE FOR 2018-2019. This is expected to amount to $139,200.
As with last year's paper, the provincial casino corporation's new business plan concludes its achievements and the achievements of casinos, video lottery terminals, and ticket lottery. The largest income is $223,600 (2017-2018 outlook), generated by ticket lottery tickets that remain the most popular form of gambling among Nova Scotians. Casinos, on the other hand, report only $85,900 in revenue over the same period.
According to the 2018-2019 business plan, the video lottery sector is not a "sustainable revenue source" at least in the long run, and several measures have been taken to maintain the economic sustainability and social responsibility of the local gambling industry.
Customer satisfaction is one of the priorities for 2018-2019 and points out that improving the player experience is paramount for those who purchase lottery products online. The company is focused on online platforms because it recognizes changes in customer preferences. In other words, instead of visiting facilities that offer more and more casinos and VLTs, people are playing lottery games and other games of opportunity online.
Meanwhile, the two casinos in the province are expected to show satisfactory growth of approximately $13,000 on an annual basis in the coming years, with sales of $69,800 in 2017-2018 and casino sales of $82,100 in 2018-2019 respectively.
