Nova Scotia to withdraw VLTs

The Canadian province has decided to decrease the number of VLTs due to a slower revenue growth than expected.

Canada.- The Nova Scotia Provincial Lotteries and Casino Corporation (NSPLCC) has released its 2018-2019 Business Plan on Thursday. The document outlines the goals of the corporation, as well as the revenue growth experienced in the past year.

The plan revealed that revenue growth from video lottery terminals (VLTs) has decreased in the 2017-2018 fiscal year, therefore the Canadian province is now withdrawing machines from gambling venues.

The information reveals that the video lottery segment is not a sustainable source of revenue in the long run. The NSPLCC believes that one of the necessary measures to keep a healthy economy is to gradually remove VLTs and to increase revenue from other gambling modalities, such as lottery tickets.

The corporation also wants to focus on its online platform, as it recognises that customer preferences are shifting: the plan reveals that people are increasingly deciding to play lottery and other games of chance online.