Friday, July 31st13.3°C
26925

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




Recent Trending




Today's Market
S&P TSX14382.78+80.98
S&P CDNX588.30+3.54
DJIA17745.98-5.41
Nasdaq5128.79+17.05
S&P 5002108.63+0.06
CDN Dollar0.7714+0.0022
Gold1096.90+0.60
Oil48.34-0.57
Lumber254.10+2.30
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.18+0.00
Knighthawk0.010.00
QHR Technologies Inc1.42+0.02
Cantex0.04-0.01
Anavex Life Sciences0.80+0.01
Metalex Ventures0.045-0.005
Russel Metals19.45+0.24
Copper Mountain Mining0.78-0.07
Colorado Resources0.06+0.00
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.14-0.01
Decisive Dividend Corp2.50-0.08

 





FEATURED Property
228209252 - 9845 Eastside Road
3 bedrooms 3 baths
$1,495,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26509

26509


Member of BC Press Council


26788