Pollard Banknote targets iLottery growth as Q1 revenue declines 10% – Gaming Intelligence

Pollard Banknote targets iLottery growth as Q1 revenue declines 10% – Gaming Intelligence

Toronto-listed lottery supplier Pollard Banknote has reported a 10 per cent drop in revenue to CAD$57.4m for the first quarter of 2017, with results impacted by a decline in instant ticket sales as well as currency exchange effects.

Instant ticket sales were down 13 per cent year-on-year, although the company said that it saw record production volumes during the quarter with significant revenue to be recognised during Q2.

Source: Pollard Banknote targets iLottery growth as Q1 revenue declines 10% – Gaming Intelligence