Canadian provincial lottery operator the Atlantic Lottery Corporation (ALC) has reported a 3 per cent drop in net revenue to CAD$760.1m for its 2016-17 fiscal year, with growth held back by delays in switching to a new gaming platform.

In a year which saw it celebrate its 40th anniversary, ALC president and CEO Brent Scrimshaw said that the company’s five-year strategy was showing a “trajectory of growth”, delivering profit of $421.9m for the 2016-17 year and exceeding its target by $6.5m.

“Our profit trajectory, largely the result of operational improvements, now sees us returning $60m dollars more per year than we were just five years ago,” said Scrimshaw. “Of course, overall profit is a big part of the story but it’s not the whole story."

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