News Release Archive

The Nova Scotia Gaming Corporation is reporting net gaming
profits of $27.5 million for the third quarter, ended Dec. 31,
1996. This represents a six per cent increase in net income
compared to the same period in 1995.

The financial performance of the Sydney Casino continues to
improve, with casino revenue showing a 24 per cent improvement
over the third quarter in 1995. The Halifax Casino experienced
revenue growth of approximately 15 per cent during this period.

The Atlantic Lottery Corporation generated net profit of $27.4
million versus $26.3 million for the same quarter in 1995.

Chair of the corporation, Ralph Fiske said results from the third
quarter are extremely positive. In particular, the Sydney Casino
has virtually eliminated the $1.6 million shortfall which was
noted at the end of March, 1996.

"Sydney's performance to date certainly would support the
projection of a profit being available for distribution to
eligible First Nation Bands and qualified charities in the
upcoming year," Mr. Fiske said.


Contact: Ralph Fiske  902-424-2203

NOTE TO EDITORS: The Nova Scotia Gaming Corporation's third
quarter report is available at the corporation's office at 5151
George Street, Suite 800, Bank of Montreal Building, Halifax,
902-424-2203 and at the Nova Scotia Government Bookstore, 1700
Granville Street, Halifax, phone (toll-free) 1-800-526-6575 or

trp                      Feb. 17, 1997 - 3:15 p.m.