Ticker: Keno’s ‘beautiful comeback’ boosts lottery; Jumbo deal: United orders 270 jets

As the Massachusetts Lottery approaches the end of what could be a record-setting fiscal year, officials said sales to this point are up more than 11% from the last budget year and more than 5% from the last nonpandemic budget cycle.

From July 1, 2020, through May, the Lottery had sold $5.34 billion worth of scratch tickets, draw game entries, Keno numbers and more — $536 million or 11.2% more than it had sold during the same time period last year and $284 million or 5.6% more than it had sold during the same 11 months in fiscal 2019.

Lottery Chief Operating Officer David Falcone told lottery commissioners that Keno, which is often played by people seated inside bars and restaurants and usually accounts for about 20% of the Lottery’s overall sales, has “made a beautiful comeback.”

Through 11 months of fiscal 2021, year-to-date Keno sales are up about 5% over fiscal 2020 but still trail fiscal 2019 levels by about 1%.

Jumbo deal: United orders 270 jets

United Airlines is making one of the largest orders ever for commercial airplanes in an aggressive bet that air travel will rebound strongly from the pandemic.

United said Tuesday that it will buy 200 Boeing Max jets and 70 planes from Europe’s Airbus so that it can replace many of its smallest planes and some of its oldest and have room to grow its fleet.

It’s the biggest order in United’s history and the biggest by any U.S. carrier since American Airlines ordered 460 Boeing and Airbus jets in 2011. United declined to disclose financial terms.

from Boston Herald https://ift.tt/3js6AzO