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UK Lottery Profits Up Sales Down
Monday November 03,2014 : U.K. LOTTERY PROFITS UP
But sales are down.
Camelot, the operator of Britain's National Lottery, reports a 2014 boost in profits despite declining ticket sales and charitable contributions.
The company’s accounts posted over the weekend reveal that its profits before income tax for the year up to March stood at GBP 76.8 million, up from GBP 72.2 million for last year.
Reduced admin expenses helped turn failing sales into a profit. Gross ticket sales were valued at GBP 6.73 billion, down from GBP 6.98 billion last year, whilst sales for draw-based games fell by 6.6 percent, largely driven by a poor performing EuroMillions.
There was better news in scratchcards and instant win games, which saw an increase of 3.8 percent.
The total amount raised for good causes fell to GBP 1.75 billion for the year, representing 26 percent of sales, from GBP 1.95 billion for 2013, which made up 28 percent of total sales.
Camelot marked the departure of chief executive Dianne Thompson this week after 17 years in the hot seat. She has been replaced by Andy Duncan, who commented:
“As we look forward to celebrating 20 years of the National Lottery next month, we’re determined to build on this momentum. We’ve just successfully launched a major new online and mobile platform, which is transforming the way players interact with our games across all devices. On top of that, we’ve got really exciting plans for the second half of the year.”
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The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NHL Odds: Lone Canadian Team Plays on Friday -
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
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Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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