Tag Archives: Atlantic Lottery Corporation
- Nova Scotia, federal government lock horns over $40M lottery terminal tax
September 28, 2017
Nova Scotia is at loggerheads with Canada's federal government after the former contested the supposed CAD53.4 million (US$40 million) it owed in connection with First Nations video lottery terminal revenue. CBC News reported that Nova Scotia filed an appeal before a Canadian tax court challenging the move of the Canada...
- Atlantic Lottery Corp profit falls due to lagging digital product
September 18, 2017
The lottery monopoly in Canada’s four Atlantic provinces reported a small profit decline in its most recent fiscal year, in part due to its digital offering being “not yet fully product competitive.” The Atlantic Lottery Corporation (ALC) announced on Monday that its profit for fiscal 2016-17 hit C$422m (US $343.3m),...
- Lawsuit accusing Atlantic Lottery VLTs of ‘deceptive’ practices gets green light
January 5, 2017
Two video lottery terminal (VLT) users have cleared a hurdle in their legal fight against Canada's Atlantic Lottery Corporation (ALC) over practices that they claimed are deceptive, dangerous and illegal. The legal battle dates back to 20017, when lead plaintiff Douglas Babstock and Fred Small filed a lawsuit accusing ALC...
- Atlantic Lottery’s excessive spending chided
October 27, 2016
The skeletons hiding inside Atlantic Lottery Corp.'s (ALC) closet have finally been uncovered. ALC officials are now under fire for living like royalties as they spend thousands of dollars on lavish dinners, throwing extravagant Christmas parties, and even showering generous perks to politicians. All of these would have not been...
- Sci-Games acquire Karma Gaming portfolio; Atlantic Lottery preps new iLottery
October 6, 2016
Gaming technology provider Scientific Games has acquired the interactive game portfolio of Canadian developer Karma Gaming. On Wednesday, Sci-Games announced that it had acquired Karma Gaming’s game library in a deal that was concluded in June, although word has only just now emerged. Terms of the deal were not disclosed....
- ALC writes off $8.7m Geonomics investment
June 8, 2015
Canada's Atlantic Lottery Corporation announced on Friday that it is giving up on its $8.7 million gamble on GeoSweep, writing it off as a loss. The lottery corporation, which represents Canada's four Atlantic provinces, invested in the British company Geonomics in 2011 with the idea creating a geography-based online lottery...
BC gov’t accused of burying casino money laundering report
September 22, 2017
Quebec’s online gambling site continues to lag west coast rival
September 1, 2017
Canada’s financial watchdog reviewing BCLC casino money laundering report
September 28, 2017