Canada
2018-2019 fiscal year – Loto-Québec reports strong financial results
Loto-Québec’s 2018–2019 Annual Report was tabled this morning in the National Assembly. The Corporation’s total revenues were $2.827 billion, exceeding its previous fiscal results by $84.9 million, or 3.1%. The net income totalled $1.408 billion, up $72.7 million, or 5.4%.
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KEY FIGURES |
||
|
Total revenues |
$2.827 billion |
+3.1% |
|
Net income |
$1.408 billion |
+5.4% |
|
Prizes paid out1 |
$1.160 billion |
+12.9% |
|
REVENUES BY BUSINESS SECTOR |
||
|
Lotteries |
$955.7 million |
+8.7% |
|
Casinos |
$917.9 million |
+1.2% |
|
Gaming establishments2 |
$979.5 million |
-0.2% |
|
Online gaming3 |
$105.4 million |
+23.2% |
QUOTE
“Over the past five fiscal years, even with our total revenues on the rise, we’ve maintained tight control over our expenses. That’s helped to improve our productivity,” says Lynne Roiter, President and CEO of Loto-Québec. “The ratio of net income over revenues has also risen from 45.5% in 2014–2015 to 49.8% in 2018–2019. All of our business sectors are contributing to the increase in net income, which reflects the efforts being made right across the Corporation.”
HIGHLIGHTS
- The increase in lottery revenues is primarily due to the strong performance of Lotto Max, for which sales were over $52.3 million, or 30.6% higher than those of the 2017–2018 fiscal year. The instant lottery category also showed continued growth (up $18.8 million, or 12.3%) due to the overwhelming popularity of permanent games and the holiday collection.
- The casino sector delivered strong results, mainly due to the success of its themed promotions, which attracted close to 10 million customers. Despite road work and difficulties getting to the site, the Casino de Montréal managed to see an increase in revenues.
- The drop in gaming establishment revenues can be attributed to the reconfiguring of the video lottery terminal network in bars, for which sales decreased by $6.7 million, or 0.7%. The drop was more pronounced in sectors that lost terminals.
- The total revenues (lottery and casino games) generated by lotoquebec.com totalled $105.4 million, which is an increase of $19.8 million, or 23.2%, versus the previous fiscal year. Improving the ease of navigation between product lines improved the website’s market share.
- Responsible commercialization is a constant priority for Loto-Québec. Several information and awareness-raising initiatives were launched in the 2018–2019 fiscal year, including a campaign about the importance of respecting one’s limits, an online video explaining how luck works, and a new slide-out menu on lotoquebec.com that links to information on responsible gambling.
- Loto-Québec owes its outstanding results to the vision outlined in its 2017–2020 strategic plan: the Corporation has stayed focused on the customer, strengthened its focus on gaming and entertainment, maintained its responsible commercialization approach, and continued to improve its work processes in order to optimize convergence, agility and efficiency.
_________________________
1 Prizes paid out to lottery, bingo and Kinzo winners.
2 The gaming establishments sector includes the bar network, and gaming, bingo and Kinzo halls.
3 The revenues generated by lotoquebec.com are included in both the lottery and casino portions of the financial results.
Source: Loto-Québec
Glitnor Group, operating under the LCKY Group in Ontario, has joined the International Betting Integrity Association (IBIA). Glitnor Group’s luckycasino.ca brand sportsbook will feed into IBIA’s world leading betting integrity monitoring platform. The operator joins over 50 companies and 125 leading sports betting brands in IBIA and further cements the association’s position as the leading sports betting integrity monitoring body in Ontario and globally.
David Schwieler LCKY Group CEO, said: “At Glitnor Group, we’re dead serious about keeping our betting games fair and square. That’s why teaming up with IBIA is a big deal for us. We know how crucial it is to protect the spirit of sports, and we’re ready to roll up our sleeves and work closely with the IBIA to make sure sports betting stays exciting, speedy, and above all, fair.”
Khalid Ali, CEO of IBIA, said: “I am delighted to welcome Glitnor Group as IBIA’s latest member in Ontario. Glitnor and IBIA share a common goal to maintain the integrity of the sports betting marketplace and to protecting consumers and sports from match-fixing. Ensuring product integrity is paramount to our approach and we look forward to integrating Glitnor within our leading global sports betting integrity monitoring system.”
IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.
Through the IBIA global monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members have over $300bn per annum in betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.
IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in 2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sports betting operators licensed in Ontario are required to be part of a betting integrity monitoring body.
IBIA’s 2023 annual integrity report detailed 184 alerts reported in the year, which represents a decrease of 101 (or 35%) on the revised 2022 figure of 285 alerts. IBIA alerts contributed to the investigations and subsequent successful sanctioning of 21 clubs, players and officials in 2023, an increase on the 15 sanctioned in 2022.
SOFTSWISS, an iGaming software provider celebrating its 15th anniversary in 2024, has obtained the B2B Tobique Gaming Licence, the first ever issued in the jurisdiction. The Tobique Gaming Commission (TGC) and Differentia Licensing Advisory Group Limited (DLAG), a provider and facilitator to gaming companies for international gaming licences, authorised SOFTSWISS to engage in business activities for one year.
Located in western New Brunswick, Canada, the Tobique First Nation is a sovereign indigenous community issuing online gambling licences through the TGC under the Tobique Gaming Act of 2023. The licence, recognised as the B2B Tobique Gaming Licence, offers businesses the prospect of international operations, facilitating the establishment of a global footprint. The licence covers various categories of real money betting, including sports, casino games and lottery. Its significant advantages include the streamlined application process, reasonable price and quick acquisition.
Yuri Sharapa, Head of Country Projects at SOFTSWISS, comments: “Acquiring a new licence is a remarkable achievement for us, signifying our dedication to offering our clients a diverse range of options. We extend our gratitude to the Tobique Gaming Commission for their trust and stringent standards. We are proud to announce that one of the companies under the SOFTSWISS brand has become the first company to secure the B2B Tobique iGaming Licence.”
“The DLAG team is pleased to announce that the first Tobique Licence has been granted. The Licensee is under the tier-1 international brand, SOFTSWISS, in our industry, recognised for its leading products and services. These are exciting times for both the gaming world and Tobique!” adds Graham Martin, Chairman of DLAG.
SOFTSWISS supplies multiple operators under three international licences: MGA, CGA, and Kahnawake. Additionally, SOFTSWISS has several national licences and certifications, among which the recently obtained South African Licence through the acquisition of Turfsport, a leading South African provider of wagering software with 35 years of experience. Additionally, last year, as part of its strategy to enter regulated markets, the SOFTSWISS Casino Platform and the SOFTSWISS Sportsbook obtained GLI-19 and GLI-33 certifications, respectively.
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Casino Platform, Game Aggregator, the Affilka affiliate tracking platform, Sportsbook Platform, and Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
Launch brings Hacksaw Gaming titles to Caesars Palace Online Casino and Caesars Sportsbook & Casino in Ontario
Hacksaw Gaming today announced its first market launch with Caesars Digital in North America, in the regulated iGaming province of Ontario, Canada. The new partnership marks the exciting launch of new games on Caesars Palace Online Casino and Caesars Sportsbook & Casino in the province.
This new partnership, a first between the two companies, will bring familiar titles to online casino players and will be followed by a dedicated roadmap for additional launches in more jurisdictions in 2024, showcasing the entire Hacksaw Gaming catalog. The first release of games includes Hacksaw Gaming classics Wanted Dead or a Wild, RIP City, Hand of Anubis and Mines.
“Forging partnerships with new faces is always an exciting time but the influence of Caesars Digital is one we pride,” the Chief Executive Officer for Hacksaw Gaming, Marcus Cordes, said. “Launching this partnership in Ontario is the perfect place to begin our journey.”
“Hacksaw Gaming brings an exciting catalog of games to our platforms that should provide a thrilling experience for our players,” the Senior Vice-President and Chief iGaming Officer for Caesars Digital, Matthew Sunderland, said. “We’re excited to see how our players engage with this content in Ontario and in jurisdictions in the future through our new partnership.”
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