Manitoba Liquor and Lotteries Increases Profits by $24.3M

Manitoba Liquor and Lotteries Increases Profits by $24.3M

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WINNIPEG — Profits at Manitoba Liquor & Lotteries increased by $24.3 million in 2017-18 compared to the previous year.

The Crown corporation published its annual report on Wednesday (read below), revealing increases in profits across the board.

“The 2017?18 fiscal year demonstrates what we can achieve when we refocus on core operations, developing new ideas and projects to enhance our main lines of business,” said Polly Craik, chair of the corporation’s board of directors.

“The board continues to provide strong guidance as we take a more defined business approach to our operations.”

Overall revues, net of direct expenses, were $610.4 million. The year?over?year rate of growth nearly doubled to reach 4.1 percent.

Peter Hak, president and CEO, said the corporation’s casinos received an annual customer satisfaction score of 83 percent, while 94 percent of respondents gave Manitoba Liquor Marts a top grade.

Read the annual report below.

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