Canada
Loto-Québec going well as they report positive results for the start of the 2018‑2019 financial year

Loto-Québec reports positive results for the start of the 2018‑2019 financial year. Consolidated revenues reached $686.5 M, an increase of $41.6 M (+6.4%) compared to the same period last year. Net income amounted to $359.8 M, a gain of $34.7 M (+10.7%).
KEY FIGURES |
||
2018-2019 |
2017-2018 |
|
Consolidated revenues |
$686.5 M |
$644.9 M |
Net income |
$359.8 M |
$325.1 M |
“Loto-Québec was able to attain positive results during this first quarter thanks to the efforts of all of its sectors. I’d like to thank all our teams for their excellent work,” said Lynne Roiter, Loto-Québec’s President and CEO.
HIGHLIGHTS
- Lotteries: Increase of 22.5% in revenues and 28.7% in net income
The lotteries sector performed best. Lotto Max offered record prizes, and the $60 M jackpot was once again won in Québec. The 100 $ ULTIME lottery was also very popular and produced several millionaires. Instant lottery sales are growing thanks to original concepts that customers love. - Casinos: Stable revenues and net income
Casinos have made several customers really happy with the Leave in a BMW theme, creating a lively ambiance that revved up the entertainment factor and enabled several of them to win a range of prizes. If there had not been one day less in the quarter, revenues would have risen by $2.9 M (+1.4%). Another factor to consider is the increase in the total prize amount that was paid to Casino de Montréal customers, which negatively impacted revenues. - Gaming establishments: 1.4% lower revenues and stable net income
In the gaming establishment sector, revenues from bars and brasseries were lower due to the withdrawal of terminals in areas targeted by the action plan for video lottery terminals. On the other hand, gaming halls performed well. - Revenues from the lotoquebec.com website, all types of games combined, rose by 34.9%.
Note: Due to new accounting methods, prizes paid out are now deducted from lottery, bingo and Kinzo revenues, as was already the case for casinos and video lotteries (more details are available on page 6 of the quarterly report). Figures for 2017-2018 were therefore adjusted. Gross profit and net income were not affected.
The quarterly report is available on Loto-Québec’s website.
-
Affiliate Industry6 days ago
Affiliates are the key to unlocking operator success in Africa
-
Asia6 days ago
Asian Poker Tour Announces Cancellation of APT Manila 2025
-
Asia6 days ago
Birmingham City Forms Alliance with GOD55 as Their Official Asian Betting Partner
-
Compliance Updates6 days ago
EPIC Global Solutions highlighted as a key element in PrizePicks’ iCAP Accreditation
-
Africa5 days ago
Springbok Casino is Offering 25 Free Spins in Honour of South Africa’s Top 5 Wild Egg Hunters
-
Asia4 days ago
Asia Pioneer Entertainment Holdings Limited Announces FY2024 Annual Results: Returns to Profitability with Strong Revenue Growth
-
eSports5 days ago
TEAM VITALITY WINS BLAST OPEN SPRING 2025 AND EXTENDS WIN STREAK TO 16 MATCHES
-
Africa4 days ago
Play’n GO announces landmark South African partnership with Hollywoodbets