OLG and Pollard Banknote sign five-year contract extension

Extension will result in 35 new jobs in Sault Ste. Marie

SAULT STE. MARIE, ON, May 18, 2017 /CNW/ - OLG (Ontario Lottery and Gaming Corporation) is pleased to announce the five-year extension of its contract with Pollard Banknote Limited (Pollard Banknote) to print lottery Instant tickets. The extended contract will increase the current contract value by approximately $100 million.

Over the next five years, OLG expects to purchase more than one billion Instant tickets from Pollard, who in turn will increase jobs at its Instant Ticket Finishing Plant in Sault Ste. Marie from the current 65 positions to 100 full-time positions by January 31, 2018. Wages at Pollard are also expected to grow by an additional $1.2 million.

"OLG is committed to maintaining strong partnerships with private sector companies like Pollard Banknote to help us deliver a great experience to customers and to generate increased revenue for the Province. This partnership adds to our skilled lottery operations, headquartered in Sault Ste. Marie," said Stephen Rigby, President and CEO of OLG. "Our continued partnership with Pollard Banknote will allow OLG to maintain the excellent integrity levels in terms of ticket specifications and security that we have come to expect from Pollard and which are required to support the growing lottery business."

Pollard Banknote has increased their production volumes over fivefold and doubled their employee levels at their Sault Ste. Marie finishing plant since becoming OLG's primary Instant ticket supplier in 2007. This growth reflects the development of Ontario's lottery business and the strong results achieved by its employees in Sault Ste. Marie.

"Pollard Banknote remains a strong partner of OLG, and we are committed to the City of Sault Ste. Marie and to generating funds for good causes in the province of Ontario," said Douglas Pollard, Co-CEO of Pollard Banknote. "We are very proud of our growth in Sault Ste. Marie. Our Sault operation has been an innovation leader in our company, developing new methods to drive our manufacturing efficiency. And we are thrilled that the leadership and hard work of our dedicated staff are being rewarded with this contract extension and the additional jobs being created in Sault Ste. Marie."

In 2015-2016, OLG's lottery sales were a record $3.8 billion. Instant tickets such as Bingo, Crossword and Cash for Life are a significant part of OLG's lottery business with annual sales of over $1.1 billion.

OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $44 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.

All for Here - 100 per cent of OLG's proceeds are invested in Ontario
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SOURCE OLG

For further information: OLG Media Relations, 1-888-946-6716

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