Pollard Banknote has agreed to acquire 100% of Pacific Gaming, a company that specializes in electronic bingo products, services and management systems.

Pacific will become part of the Pollard Charitable Games Group, joining other companies such as American Games, International Gamco, Diamond Game and CJ Venne.

The acquisition strengthens Pollard’s existing product portfolio, which already includes paper pull-tabs, electronic pull-tabs, bingo paper, pull-tab vending machines, video verifiers and bingo daubers. Pollard Banknote said in a release that Pacific’s bingo equipment provides an even more comprehensive and integrated range of products to meet the needs of charitable gaming operators.

“We are thrilled about adding the Pacific electronic bingo offerings into our charitable gaming portfolio,” said John Pollard, co-CEO of Pollard Banknote. “As one of the leading providers to the charitable bingo market, the addition of electronic solutions is an important element of providing a comprehensive product offering to existing and new customers. Pacific will be a key addition in helping us remain a leader in this space.

“This acquisition continues Pollard Banknote’s commitment to growing our presence in the important charitable gaming market and strengthening our leadership role as the partner of choice for charities throughout the U.S. and around the world.”

“Pacific has long been a leader in electronic bingo solutions and we’re excited to have them join our charitable games group,” added Pollard Banknote EVP of Charitable Gaming, Steven Fingold. “This acquisition further highlights Pollard Banknote’s ongoing commitment to the charitable gaming market and our focus on expanding our leadership role through both organic growth and key acquisitions.”

The total acquisition purchase price is $10 million U.S. dollars (approximately $14.4 million CAD), prior to standard working capital adjustments. The purchase price will be funded from existing Pollard Banknote cash resources and availability under our existing senior credit facilities.

The ideal, which is anticipated to be accretive to Pollard Banknote’s net income, is expected to close on April 1, 2025. It is not contingent on any financing.

Pollard Banknote extends deal with multiple Canadian lotteries

Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, including numerous Canadian crown corporation lottery platforms.

Last summer, it signed a five-year extension to its Instant Ticket Printing Services Agreement with the Interprovincial Lottery Corporation (ILC), ensuring that it will continue to provide products and services to the Atlantic Lottery Corporation, Loto-Québec, the Ontario Lottery and Gaming Corporation (OLG), the Western Canada Lottery Corporation (WCLC) and the British Columbia Lottery Corporation (BCLC) until December 31, 2028.

The contract has an option to renew for an additional five years.

Pollard Banknote and the ILC have worked together for 35 years.

As well as every Canadian lottery corporation, Winnipeg-headquartered Pollard Banknote is a partner of dozens of other lotteries worldwide. It not only provides instant ticket products and games but also a full suite of digital offerings including player engagement solutions and strategic marketing and management services.

It also provides pull-tab tickets, bingo paper, ticket vending machines and electronic games and devices to charitable and other gaming markets in North America. The nearly 120-year-old company is owned approximately 64% by the Pollard family and 36% by public shareholders and is publicly traded on the Toronto Stock Exchange.