Profits are down at P.E.I.’s largest casino and racetrack, but officials with the Atlantic Lottery Corporation say they’re confident Red Shores will turn a corner — and a better profit — in the year ahead.
ALC, which owns Red Shores, saw an almost $12-million increase in profit in 2024-25 — but P.E.I.’s share was down.
The organization returned $25.9 million to P.E.I. in overall lottery revenues, just under $1 million less than the year before. By contrast, the other three Atlantic provinces all saw increases.
Red Shores’ casino individually had a profit of $2.5 million in the 2024-25 fiscal year, representing a decrease of about 35 per cent compared to the previous year.
