Lottery Corp lowers expense guidance as labour savings fund AI investment
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The news: The Lottery Corp has downgraded its operating expenses guidance for the full year as the company shifts its priority towards AI investment.
The context: The company now expects its FY26 operating expense to be between $300 million and $310 million, down from its previous forecast of $310 million to $320 million.
This follows an estimated $10 million in net ongoing labour savings, which the company plans to reinvest into digital, artificial intelligence, product development, and customer capabilities.
The approximate $10 million in redundancy costs will be treated as a significant item in FY26.
The source: ASX
