A new audit carried out by four Auditor Generals in Canada has claimed that the intervention of the provincial governments in the Atlantic Lottery Corporation’s day-to-day running and strategy is undermining the business’ growth and may stunt its future prospects.
The report - the first to be carried out since 1996 - was carried out by the Auditor Generals of New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador, with each province a shareholder of the lottery operator.
Its findings paint an unflattering picture of the lottery’s management, highlighting a lack of cohesion between different stakeholders, interference from the governments undermining its autonomy, and lavish spending on unnecessary items.
“The audit found ALC's governance framework is insufficient to deal with its strategic challenges,” the report said.
Premium subscribers continue here to the full article.