08:53:43 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Pollard Banknote Ltd
Symbol PBL
Shares Issued 23,543,158
Close 2017-12-08 C$ 16.97
Market Cap C$ 399,527,391
Recent Sedar Documents

FP/wire say Pollard makes strides in scratch-and-win

2017-12-11 09:42 ET - In the News

The Financial Post reports in its Saturday edition that amid the relentless march to all things digital, a 110-year-old Canadian company has found a golden ticket in its printing presses. A Bloomberg dispatch to the Post says that shares of Pollard Banknote have more than doubled this year as demand for its instant scratch-and-win lottery tickets surges. The company is the world's second-largest producer of instant tickets and it expects the boom to continue. Winnipeg-based Pollard is looking to expand in the United States and is exploring new markets such as Brazil. Scratch-and-win is the fastest growing part of North American lotteries. The tickets are largely protected from the move to on-line sales as the age and location of winners need to be verified, which can take 24 hours on the Internet. "It's an impulse buy and you find out whether you win right away," said co-chief executive officer Doug Pollard, 47. In North America, every Canadian province and 43 U.S. states offer government-operated lotteries and most offer instant or scratch tickets. U.S. scratch sales rose 7.4 per cent to $44.7-billion (U.S.) in 2016 from a year earlier while sales for Canadian lotteries rose 4.8 per cent to $2.2-billion.

© 2024 Canjex Publishing Ltd. All rights reserved.