Willy Ocier’s LOTO swings to profit in Q1 after one-off gain

Lottery system provider Pacific Online Systems Corp. (LOTO) swung to a net profit of P11.3 million in the first quarter from a net loss of P13 million. While total revenues declined by 15 percent to P104.1 million, LOTO booked a P10 million one-off gain from the sale of property and equipment during the first three […]

France eyes Paris airport, lottery sell-off

The French government signalled Thursday it intends to sell part of its stakes in the Paris airport operator and national lottery firm as business-friendly President Emmanuel Macron seeks to bring in cash to state coffers.