Quebec online gambling revenues on the rise

[The Buzz]

Loto-Québec reported positive results last week for the start of the 2018‑2019 financial year, stating that consolidated revenues reached $686.5 million, an increase of $41.6 million (+6.4%) compared to the same period last year. Net income totaled $359.8 million, a gain of 10.7%.

The lottery sector was responsible for much of the growth, with an increase 22.5% in revenues and 28.7% in net income.

Other highlights from the report:

• 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%.

Read the full report here: https://societe.lotoquebec.com/dam/c...-2018-2019.pdf

[Cash Bonus]

That's great news to start the week off with! Our industry needs more good news like this.

[matthewt]

Hey The Buzz,

Do you have an English version of that pdf report?

[The Buzz]

Sorry, matthewt, we could not track one down. But here is a link to the press release from Loto-Québec about the report that is in English:

https://www.newswire.ca/news-release...692715331.html

[matthewt]

Thanx.