CEO and president
December 3rd, 2023
shared expectations
The BCLC is the body that regulates all legal gambling and lottery activities in British Columbia. Headquartered in Kamloops, all revenue from gaming revenue is reinvested in the state's infrastructure, community, education and healthcare. Profits from online platform PlayNow are also reinvested in the province's economy.
Mr. Moore shared some thoughts and predictions about what the BCLC's ideal new chairman and CEO need. According to him, the new chief must be similarly active and involved with the former Jim Lightbody, and must reside in Camloops, which is closest to the headquarters of Crown Corporation.
The chairman of the board explained that Crown Corporation is looking for the next chairman and CEO, but the agency has no plans to move its headquarters out of Camroops. According to him, most of Crown's executives currently work for Camroops, but the CEO will take on key roles in Camroops and Vancouver offices.
Last week, the state-run broadcaster officially began work to find a replacement for Mr. Lightbody, who stepped down from his post in December. The former president was diagnosed with cancer and has been on sick leave since 2019. According to Mr. Moore, it could take four to five months to find a new leader for the company.
In addition, Mr Moore noted that Mr Lightbody is extremely involved in Camroops' community, along with Blazers and business organizations. He expects the new candidate to be equally involved. In the meantime, Lynda Cavanaugh will continue to serve as interim president and CEO until a permanent successor is found and steps into the role.
2020-21 Fiscal Report
The stability and well-being of the BCLC is very important for British Columbia. In August, Crown posted its financial report for the 2020-21 financial year, reporting record lottery and eGaming activity during the period. For the fiscal year, Crown provided a net profit of CA$419 million to the province, according to the review.
an annual lottery win report
In addition to securing millions of dollars in revenue for the province, BCLC is also handing out hundreds of millions of Canadian dollars to lottery players. At the end of 2021, Crown reported a total of 122 million winning tickets in the calendar year, as well as a cash prize of $891 million to local residents.