Business

Brampton credit risk manager wins $70-million Lotto Max

Published

5 years ago

January 14, 2020

TORONTO —
A Brampton man is $70 million richer after winning a record-breaking Lotto Max lottery jackpot in the Greater Toronto Area.

“I’m overwhelmed, excited, happy and shocked but mostly, I feel very, very blessed,” winner Adlin Lewis said in a statement.

The cheque, which is the biggest lottery prize in Canadian history, was presented to the 49-year-old credit risk manager at the OLG Prize Centre in Toronto Monday.

Lewis said he scanned his ticket using the lottery’s app, but at first he received an error message.

“I tried again and then I saw the words, ‘Big Winner’ and the number 70,” he said.

“I was shocked and wanted to confirm what I saw so I went online to see the winning numbers and one by one they matched!”

Despite the news, he said that he went to work that day, and thought of how to share the news with his wife.

“I wanted to tell her in a special way – with a trip or something creative – but I couldn’t keep this news to myself,” he said, “I ended up waking her up in the wee hours of the morning on Thursday and just telling her outright.”

Lewis said that he’s been on a winning streak. A couple of years ago, he won a car, and more recently, he won first and second place prizes in a workplace holiday draw.

“When my colleagues found out that the winning $70 million … ticket was sold in Brampton, they were joking at the office ‘Is Adlin here? Did Adlin call in sick today?’” he said.

Lewis said he has played the lottery for over 20 years and often buys an extra ticket or two when the jackpot is high.

He said that with the money, he’s planning on making some investments, taking a few trips, and “enjoying life.”

“My wife has always wanted to try those VIP $100 slots in Las Vegas and now I can make that dream come true for her,” he said.

The winning ticket was purchased at George’s Convenience on Mississauga Road in Brampton.

In 2015, the winning ticket of a $60 million Lotto Max draw was also sold in Brampton. At the time, it was the largest prize in Lotto Max history.

The OLG says that since Lotto Max’s launch in 2009, Ontario players have won over $5 billion. Lotto Max draws happen twice a week on Tuesdays and Fridays.

The next Lotto Max jackpot is an estimated $40 million, the OLG says.

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Business

Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

11 hours ago

November 6, 2024

Anne Joseph

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

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Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

1 day ago

November 5, 2024

Anne Joseph

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

1 day ago

November 5, 2024

Anne Joseph

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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