1714 – cGaming – [Performance]
As we enter the final week of March, this is also the end of the financial [OLG] year. This is the first time in three (3) years we have not had a break in operations or closures. The c-Gaming sector continues its path to recovery and emerging in this re-shaped gambling environment. As with the majority of gaming channels [Lottery, Casinos & iGaming], we are trading better than initially thought coming out of the pandemic period.
The hard work and difficult choices that our Members undertook, led by our Chair – Mr. Tony Rosa and Vice Chair – Mr. Cam Johnstone, in seeking to bring the business to scale and then a focus on managing the margin has produced a more focused and disciplined operation with a drive on efficiency and effective delivery to our consumers.
Through this work by our Operators and support by our vendor members, we have been able to deliver, on average, over $C1m per week to our 2,200 Charity Groups aligned to the cGaming platform. We will see at year end an estimated +$C75m contribution that will be a record in any twelve-month period since the Revitalization of Charitable Bingo & Gaming was launched, which has been jointly spearheaded by OCGA &CGAO.
We [CGAO & OCGA] could not have achieved this without the support of the Ontario Lottery & Gaming Corporation [OLG] and their combined Land-base cGaming Team headed by Mr. David Fraser. We want to publicly acknowledge their work and support (cGaming) in building the foundation of partnership. It takes hard work and commitment by all concerned to make it work. Bingo in this province has a long and rich heritage of delivering real and immediate value to communities and long may that continue.
What is encouraging is the ongoing re-investment from our Members into their venues in adapting and responding to consumers changing expectations and needs. This is way in excess of an estimated $C110m now. We are very pleased to see this incremental measured approach being undertaken by our Members.
However, there are challenges on the horizon. The CGAO is seeking to mitigate those challenges to ensure we continue to deliver to Members, our Charities, our Partners and the Communities where we are located.