This week, Winnipeg-based lottery products and solutions provider Pollard Banknote released fiscal third quarter 2022 figures. According to the provider’s report, the company recorded a strong quarter. Revenue for the third quarter was C$125.5 million, the largest ever in the quarter and a 7.4% increase from the same quarter of 2021.
Canadian providers are one of the leading names in the industry because they supply products and solutions to lottery and charity sectors around the world. It is considered to be the largest instant ticket provider based in Canada and the second best instant ticket developer worldwide impromptu ticket developer. It is also the second largest bingo paper and pull-tab supplier to the charity game industry in North America.
For the third quarter of 2022, which applies to the three-month period ended September 30, 2022, the lottery supplier recorded sales of C$125.5 million. This is a record quarterly figure. The combined third-quarter revenue, including the share of revenue from subsidiary Neopolad Interactive, was C$139.2 million, an improvement of 9.9% from the third quarter of 2021.
The Manitoba-based company also reported third-quarter operating income of C$6.7 million. Q3 2021 REVENUE IMPROVED SIGNIFICANTLY TO CA$4.4 MILLION. Meanwhile, adjusted EBITDA for the quarter was C$20.2 million, up from C$19.4 million reported in the third quarter of 2021.
iLottery activity continued strong organic growth in the third quarter, and thanks to the major Mega Millions® jackpot, the company earned C$8.2 million. The company also announced that its charitable gaming and eGaming systems continue to thrive in the market due to strong demand and have a very positive impact on revenue and revenue.
In addition, Winnipeg said it set a new quarterly record with instant ticket production increasing compared to the second quarter. Retail dollar sales of instant tickets have remained high from 2021 to early 2022, and the average selling price of instant tickets has also increased due to value and option work over the holiday period.
Pollard Banknotes operate in numerous regulatory lottery markets around the world, including some major sectors in the United States. This October, the company announced that it will continue to work with its longtime partner, the Texas Lottery. The two have signed a new contract and will now continue to cooperate smoothly until at least 2034.
In December 2021, the lottery supplier received another contract extension in the United States. This time, the company received one from the Minnesota Lottery from the Mobile Convenience App Development Service Agreement. The contract allowed the provider to develop a fully functional lottery app for partners that could be used on both iOS and Android devices.
BY: 바카라사이트