BCLC has released its 2021/22 fiscal year highlights and details of its financial performance and executive compensation, along with updates on its commitment to delivering products in a way that prioritizes the safety of our province and communities.
BCLC remains committed to delivering on the strategic priorities as outlined by the Government of B.C. in the 2021/22 Mandate Letter, providing revenue to the Province of B.C. – which it uses to fund the BC First Nations Gaming Revenue Sharing Agreement, health care, education, charitable community programs, and other provincial and Host Local Government programs and services.
Under the Gaming Control Act (2002), BCLC’s mandate is to conduct and manage commercial gambling on behalf of the provincial government. BCLC is the only legal provider of commercial gambling in B.C.
In 2021/22, BCLC achieved $1.314 billion in net income on revenue of $2.362 billion, compared to $430 million in net income the previous year. Full details of BCLC’s financial performance are in the 2021/22 Annual Service Plan Report.
BCLC is required to disclose annually all compensation provided to the CEO and the next four highest paid executives. BCLC’s 2021/22 Statement of Executive Compensation is also available on the Public Sector Employer’s Council Secretariat website. BCLC annually discloses all compensation provided to the CEO and the next four highest paid executives.
Since 1985, BCLC has been helping communities grow. Thanks to players in B.C., more than $26 billion generated by gambling activities went back into health care, education and community groups across B.C. Learn more here.