Ontario lottery corporation loses us$ 59 million on casinos and bingos
In its annual report, the Crown agency says it took in us$ 1.47 billion from casinos in 2010, and notes the us$ 48.2 million loss was actually us$ 29.5 million less than the 2009 shortfall.
OLG blames the recession and the higher Canadian dollar, which hit Caesars in Windsor the hardest, leading to a us$ 16.8 million loss. Bingos brought in us$ 52.7 million in revenues in 2010, up us$ 737,805 from 2009, but the games still lost us$ 11.9 million - better than the us$ 16.8 million lost on bingo in 2009.
The agency credits lower operating expenses for the 30 % decrease in bingo losses last year. Profits from slot machines at racetracks were also down in 2010, while profits were up from OLG's lottery games.
The us$ 2.1 billion OLG paid to the province for the fiscal year ending March 31 was its largest dividend since 2003.
Wazdan shortlisted in five categories at SBC Awards Americas 2026
Louisiana lawmakers move forward with illegal gambling penalties and sweepstakes restrictions
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Flutter boosts prediction market spending despite Q1 profit slump, cuts 2026 outlook
FanDuel CEO Amy Howe exits as Flutter faces industry shift and lowered forecast
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
Sportsbook integration: Deploying betting widgets at scale
Flows secures Pennsylvania Gaming Control Board authorisation
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Racing and Sports partners with Altenar to enhance global racing offering
Aristocrat Gaming showcases new Asia-focused portfolio at G2E Asia
