We deliver first Annual General Meeting (AGM), trading update

We deliver first Annual General Meeting (AGM), trading update  Hero Image

We reached another important milestone today with The Lottery Corporation’s first Annual General Meeting as a standalone company.

Chairman Steven Gregg and CEO Sue van der Merwe presented to shareholders at the AGM, which was held in Brisbane.

We announced a trading update for the first four months of FY23 (1 July to 31 October 2022). Group revenue is up 11% on the prior corresponding period, with lotteries up 9% and Keno up 33%.

While the financial year started slowly in terms of jackpot activity, the recent $160 million Powerball jackpot delivered a record turnover result.

Powerball’s mass appeal was on show with 135,000 new registered players, a peak of 8,700 games sold per minute and strong sales via both retail and digital channels.

The resumption of venues trading without restrictions in Victoria, NSW and ACT has driven the strong result for Keno, along with increased turnover in Queensland.

We also today announced our vision, purpose and principles backed by our Board and Executive Leadership Team.

When developing these, we considered our people, the expectations of our shareholders and other stakeholders, our position in the global lotteries market and, ultimately, what we want our company to become.

“Our vision is simple – we aspire to be the world’s best lottery operator. Our purpose is to create positive impacts. Collectively, this will guide how we operate and the culture that we’re creating at The Lottery Corporation.”

Sue van der Merwe

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