Interim President and CEO of the British Columbia Lottery Corporation (BCLC), Greg Moore, has announced he will be stepping down from his role in the company on January 15, 2021.
Moore became interim President and CEO in September last year due to the absence of Jim Lightbody, who is currently undergoing cancer treatment and recovery. He is leaving the organisation to pursue a new opportunity in the private sector.
The BCLC Board stated a new interim president and CEO will be chosen to replace Moore while Lightbody continues to recover.
BCLC Board Chair Peter Kappel said on Moore’s resignation: “On behalf of the Board of Directors, I would like to thank Greg for the incredible contribution he has made to help redefine BCLC’s approach to business and corporate culture.”
BCLC conducts and manages lottery, casino, bingo and online gambling on behalf of the province for the benefit of British Columbians. Last year, it generated more than C$1.3bn to support provincial programs, communities, charitable and community organisations.
Last financial year, the corporation generated revenue of C$2.53bn for the full year, down 2% year-on-year, below the company’s projection of C$2.64bn for the 12 months.
Casino and community gaming was the primary source of the operator’s income, with revenue totalling C$1.83bn, down 4% from 2018/19. It stated the decline in revenue was primarily due to the impact of the COVID-19 pandemic, which forced the closure of all BCLC gaming facilities in March.