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Swiss LoRo issues profit warning despite record 2009

25th May 2010 9:17 am GMT

Despite a record year during which profits rose 4 per cent to CHF192.6m (€134m), Switzerland's Loterie Romande (LoRo) has warned that it will no longer be able to guarantee the level of profits distributed to the six cantons of Switzerland following the decision by the Swiss Federal Council to support the country's casino sector.

In a record year for the Swiss lottery operator, LoRo said that gross gaming revenues increased by 1 per cent to CHF371m [...]

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