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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 She has been replaced by Andy Duncan, who commented: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.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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