Monday, November 24th2.5°C
24124
23371

BC Lottery loses CEO and President

BC's Lottery Corporation has lost its president and chief executive officer to the public sector.

The Crown corporation responsible for gambling hired Michael Graydon for the job in March 2008.

About a year and a half earlier, it terminated its CEO after an Ombudsman's report concluded the corporation was at risk for potential retailer fraud.

Board of directors chairman, Bud Smith says under Graydon's leadership the corporation has increased its revenue by $235 million and significantly expanded its social responsibility programs.

The board has hired Jim Lightbody, the corporation's vice-president of casino and community gaming, as the interim president and CEO, and he will assume the position immediately.

Finance Minister Michael de Jong says he learned about Graydon's resignation Wednesday night.

"It's a loss for us, for the BC Lottery Corporation," says de Jong. "He's done a very good job."

The minister says Graydon was able to expand the corporation's reach to gambling in British Columbia.

"He has not ever lost sight of the role that the corporation plays in promoting responsible gaming."

 

The Canadian Press

COMMENTS WELCOME

Comments on this story are pre-moderated and approval times may vary. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.



Read more Business News

22970


Recent Trending




Today's Market
S&P TSX15015.41-96.05
S&P CDNX787.50-1.63
DJIA17817.907.84
Nasdaq4754.892+41.922
S&P 5002069.41+5.91
CDN Dollar0.8856-0.0004
Gold1197.00+1.30
Oil75.66-0.12
Lumber332.10+1.10
Natural Gas4.148-0.003

 
Okanagan Companies
Pacific Safety0.165+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.28-0.02
Cantex0.04+0.005
Anavex Life Sciences0.18+0.002
Metalex Ventures0.030.00
Russel Metals31.49-0.13
Copper Mountain Mining2.17-0.07
Colorado Resources0.13+0.005
ReliaBrand Inc0.0135+0.0005
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.365+0.015

 
24130


24120

FEATURED Property
21222311908 LAZY OAKS LOOP
4 bedrooms 3 baths
$269,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24156

24158


Member of BC Press Council


23646