British Lottery

Camelot sees profits rise

2014-11-04
Reading time 42 seg
(UK).-Britain’s National Lottery operator, Camelot, reported a 2014 boost in profits despite declining ticket sales and charitable contributions. The company’s accounts posted oer the weekend reveal that its profits before income tax for the year up until March stood at USD 123 M, up from USD 115 M last year.

Reduced administration expenses helped turn failing sales into a profit. Gross ticket sales were valued at £ 6.73 billion, down from USD 11 billion last year, while sales for draw-based games fell by 6.6 percent, largely driven by the poor performing EuroMillions.

Camelot also announced the departure of chief executive Dianne Thompson this week after 17 years on the hot seat. She has been replaced by Andy Duncan, who announced::

“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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