Ontario Lottery and Gaming Corporation grants 10-year contract extension for Pollard banknotes
WINNIPEG, MB, April 21, 2021 / CNW / – Pollard Banknote Limited (TSX: PBL) (âPollard Banknoteâ) is pleased to announce that it has been awarded a significant long-term contract extension, which underscores the strength of its relationship with the Ontario Lottery and Gaming Corporation (“OLG”). Under this agreement, Pollard Banknote will continue to be OLG’s primary supplier of INSTANT tickets, offering a full range of products and services through July 31, 2032, with an additional five-year renewal option.
Pollard Banknote has been a trusted partner of OLG since 1987 and has been its primary supplier for 14 years. In 2008, Pollard Banknote opened an INSTANT banknote finishing plant in Sault Ste. Married, demonstrating its commitment to OLG while supporting economic development in the province of Ontario. From an assurance of 37 full-time employees in the plant’s first year of operation, the workforce has grown to 120, and will be further increased to a commitment of 140 full-time employees with this extension. This continued growth has helped to increase Pollard Banknote’s total finishing capacity alongside increasing banknote production volumes. In 2020, the Sault Ste. Married The factory had a record year, packing 31% more tickets than just five years ago, with those tickets going to OLG and lotteries around the world.
Since 2007, OLG has achieved many milestones in its business, most notably in its INSTANT ticket category. During this time, OLG increased sales of all price points of instant games, developed award-winning games, launched higher-priced innovative games, and developed one of the strongest extended game portfolios, such as CROSSWORD and BINGO, to the world. In fiscal 2020, OLG achieved an annual record INSTANT ticket sales of over $ 1.4 billion. Pollard Banknote has contributed to OLG’s continued sales growth through the development of excellent INSTANT games that engage Ontario players, while working closely with the Lottery to ensure that the highest standards of safety and quality are maintained.
The main drivers of this sales growth include THE BIG SHOOTING and THE BIGGER SPIN INSTANT games â printed by Pollard Banknote. These games offer three levels of prize revelation: instant ticket wins, prize revelations via an animated retail digital wheel, and first prize amounts disclosed with the spin of a giant wheel at live events. This game created buzz and excitement in Ontario and in other jurisdictions that have introduced the concept.
âOLG is delighted to continue our strong partnership with Pollard Banknote, ensuring the continuity and continued growth and development of our INSTANT lottery business. For more than a decade, we have worked together to find ways to optimize resources for Ontario while creating a world class product for our players, âsaid Duncan hannay, President and CEO of OLG. âWe are happy to be working with a partner like Pollard to create employment opportunities in this province. New positions at Sault Ste. Married the plant demonstrates our shared commitment to supporting economic recovery in the communities where we operate our businesses. “
âPollard Banknote is very proud of our long-standing partnership with OLG, which has been productive and mutually beneficial. We’ve worked hard to help OLG grow sales and offer a growing selection of innovative products and services to meet changing player preferences. noted Doug Pollard, Co-Managing Director, Pollard Banknote. âIn addition, we are delighted that the leadership and hard work of our dedicated staff to our Sault Ste. Married factory are rewarded with this contract extension. “
âI am very happy to recognize the collaboration between OLG and Pollard Banknote. As I always say, we work better when we work together, âsaid Ross romano, deputy of Sault Ste. Married. âPartnerships like this are essential to the economic recovery and prosperity of our community. Sault Ste. Married. “
In addition to providing INSTANT tickets and related services directly to OLG, Pollard Banknote, through its family of companies, helps support local communities and charities in Ontario providing charitable gaming centers across the province with break tickets, bingo paper and TAP ‘N PLAY cabinet games.
OLG is a state agency that develops world-class entertainment games for the province of Ontario. Acting in a socially responsible manner, OLG operates and manages land-based gaming facilities; the sale of lottery games across the province; Internet games; and the delivery of bingo and other electronic game products to charitable gaming centers. OLG is also helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided approximately $ 55 billion to the people and to the Province of Ontario supporting key government priorities such as health care; treatment and prevention of problem gambling; and support for amateur athletes. Each year, the proceeds of OLG’s activities also support host communities, Ontario First Nations, lottery retailers and local charities across the province.
About Pollard Banknote
Pollard Banknote is a major lottery partner of over 60 lotteries around the world. player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales and revenue for good causes. Pollard Banknote also provides tab tickets, bingo paper and its Diamond game and games and electronic gaming devices compliant with the charity markets and other games in North America. Founded in 1907, Pollard Banknote is approximately 64.3% owned by the Pollard family and 35.7% by public shareholders and is listed on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.
Certain statements contained in this press release may constitute “forward-looking” statements and information, which involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from results, performance, or achievements expressed or implied by such forward-looking statements. When used in this document, these statements include words such as “may”, “will”, “expect”, “believe”, “plan” and other similar terms. These statements reflect management’s current expectations regarding future events and operational performance and speak only as of the date of this document. This information should not be expected to be updated, supplemented or revised at all times, whether as a result of new information, changing circumstances, future events or otherwise.
SOURCE Pollard Banknote Limited
For further information: Doug Pollard, Co-CEO, Email: [emailÂ protected]; John Pollard, Co-Managing Director, Email: [emailÂ protected]; Rob Rose, Chief Financial Officer, Email: [emailÂ protected]; Pollard Banknote Limited, Telephone: (204) 474-2323