Wroblewski Oil and Gas, the wholly-owned subsidiary of AMERICAN LEISURE HLD (OTCMKTS:AMLH) disclosed initial results for lottery sales in the convenience store based in Butler County. It acquired the petroleum and convenience store as per the company’s expansion and growth plan.
Pennsylvania Lottery Commission permitted Wroblewski to add the sale of instant lottery tickets and online games to the convenience store in Butler County, PA. The store was bought in early January, and from that time to date, AMERICAN LEISURE HLD (OTCMKTS:AMLH) is averaging almost $5,400.00 per week in gross lottery sales. There are around 500 customers per week who are spending money on online gaming and lottery tickets.
The management view
Eric Wroblewski, CEO of American Leisure, said that he residents in Pennsylvania are fond of lottery. AMERICAN LEISURE HLD (OTCMKTS:AMLH) received overwhelming response from the customers. The addition of lottery tickets and online gaming is as per the growth plans. It will modernize the store and will have a positive impact on overall sales.
The demand for instant lottery tickets continues to surge in Pennsylvania making it as one of the prominent lottery states. The lottery system in Pennsylvania is the only US lottery that donates all the proceeds to welfare programs meant for the elderly residents. Since 1972, over $20.1 billion has been given to these programs.
The future ahead
Wroblewski said that American Leisure always wanted to incorporate its business model in Pennsylvania. It has successfully set its store that will add to its revenue in the coming quarters. Wroblewski further said that last year was a good year in terms of financial performance. Apart from the land development project, AMERICAN LEISURE HLD (OTCMKTS:AMLH) also announced partnership with Moon Flight LLC to integrate business model in all the locations. Despite the positive news, the shares of American Leisure dropped more than 6% in the last trading session.