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Founded
1907-01-01 in Winnipeg, Manitoba, Canada
Headquarters
Winnipeg, Manitoba, Canada
Email
info@pollardbanknote.com
Phone
(204) 474-2323

Pollard Banknote Limited is a publicly traded Canadian company headquartered in Winnipeg, Manitoba, that has served as a trusted partner to lotteries worldwide for over a century. Founded in 1907, the company is still majority-owned by the Pollard family and has grown from a traditional banknote printer into a full‑spectrum lottery solutions provider. Today it offers an integrated suite of print, retail, and digital products and services, including instant scratch‑off tickets, pull‑tab tickets, bingo paper, ticket vending machines, electronic gaming devices, and iLottery platforms. Its proprietary Catalyst™ platform powers digital lottery operations, and through its joint venture NeoPollard Interactive LLC, the company manages large‑scale iLottery programmes such as the Michigan iLottery. With approximately 1,200 employees across five facilities, Pollard Banknote serves more than 60 lotteries globally, including major clients like the California Lottery and the National Lottery of Belgium. The company reported record revenue of $596.0 million CAD in 2025 and combined sales of $725.0 million CAD. Recent milestones include the launch of Catalyst™ with the Kansas Lottery, a 12‑year contract with Belgium’s Loterie Nationale valued at approximately $289 million, and a key instant‑ticket contract award from the California Lottery. Pollard Banknote continues to expand through strategic acquisitions, such as the purchase of Pacific Gaming LLC in 2025.

Detailed Review

History & Ownership

Pollard Banknote was founded in 1907 in Winnipeg, Manitoba, as a security printer. The Pollard family acquired control in the mid‑20th century and has retained majority ownership (~67.5%), with the remainder publicly traded on the Toronto Stock Exchange under the ticker PBL. The company evolved from banknote printing into lottery ticket production and later into a comprehensive lottery technology and services provider.

Business Segments & Products

The company’s offerings are grouped into three main areas: print products (scratch‑off tickets, pull‑tab tickets, bingo paper, and ticket vending machines), digital & iLottery (the Catalyst™ platform, player account management, loyalty programs, and mobile apps), and electronic gaming (Diamond Game and Compliant Gaming subsidiaries producing hand‑held electronic bingo devices and charitable‑gaming hardware). Pollard is the largest instant‑ticket supplier to many North American lotteries. Through its joint venture NeoPollard Interactive LLC, it manages full iLottery programmes for clients such as the Michigan Lottery and Belgium’s Loterie Nationale.

Market Position & Clients

Pollard Banknote serves more than 60 lotteries globally, with notable clients including the California Lottery, the Michigan Lottery, and the National Lottery of Belgium. The company holds licensing agreements with major entertainment properties like Universal and Warner Bros. to produce branded lottery games. Its broad product portfolio and long‑standing client relationships position it as a leading full‑service lottery partner in North America and Europe.

Recent Financial Performance

For fiscal year 2025, Pollard reported record revenue of $596.0 million CAD (up 7.0% YoY) and combined sales including its joint venture share of $725.0 million CAD (up 8.9%). Net income reached $34.7 million, and adjusted EBITDA hit a record $119.9 million. Key growth drivers included the ramp‑up of the Michigan iLottery, the Catalyst™ go‑live in Kansas, and new contracts in Belgium and California.

Leadership & Governance

The company is led by Co‑CEOs John Pollard and Doug Pollard, both members of the founding family. Gordon Pollard serves as Executive Chairman, and Rob Rose is Executive Vice President, Finance & CFO (with a planned retirement effective December 31, 2026). Manny Atwal joined as Executive Vice President of Global Lottery and Business Development. No Chief Technology Officer, Chief Operating Officer, or Chief Commercial Officer were identified in public sources.

Key Products

  • Instant (Scratch‑Off) Tickets

    High‑security printed lottery tickets for retail sale; the company’s core product.

  • Pull‑Tab Tickets

    Break‑open lottery tickets sold in charitable and retail settings.

  • Bingo Paper

    Paper products for traditional bingo games.

  • Ticket Vending Machines (TVMs)

    Self‑service vending hardware for lottery tickets.

  • Diamond Game

    Electronic bingo and charitable‑gaming devices.

  • Compliant Gaming

    Electronic hardware for regulated lottery and gaming markets.

  • Catalyst™ iLottery Platform

    Full‑service digital lottery platform including player account management (PAM), game content, and operational services.

  • NeoPollard Interactive LLC (Joint Venture)

    A dedicated iLottery operator that runs digital programmes for lotteries (e.g., Michigan, Belgium).

  • Player Loyalty & Engagement Solutions

    Turnkey digital loyalty programmes and omnichannel engagement tools.

  • Mobile Apps & Interactive Games

    Mobile lottery applications and web‑based interactive games.

  • Licensed / Branded Games

    Lottery games tied to entertainment brands (Universal, Warner Bros., etc.) and retro themes.

Offices & Headcount

1200 employees (approx.)

Key Persons

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