Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Canada

Exceptional Results for Loto-Québec

Published

on

 

End of the third quarter of fiscal 2022–2023

Loto-Québec posted total revenues of $2.225 billion and a consolidated net income of $1.204 billion at the end of the third quarter of 2022/2023.

It is its best performance since the Tobacco Control Act came into force, significantly impacting traffic at gaming establishments. These represent increases of $521.9 million (+30.7%) and $295.8 million (+32.6%), respectively, over the same period last year. Increases over the three first quarters of the pre-pandemic fiscal year (2019/2020) amount to 5.8% for revenues and 11.3% for net income.

Sound management efforts continued across all sectors, which resulted in an excellent ratio of total expenses to revenues of 28.2%, compared to 30.9% over the same period in fiscal 2019/2020.

Advertisement

“Our teams’ sustained efforts led us to these exceptional results and to our best performance in 17 years. All indications are that we will be able to pay a higher dividend than expected to the government and that benefits all Quebecers. I’m very proud of our work,” the President and CEO of Loto-Québec, Jean-François Bergeron, says.

“Thank you to our teams for incessantly improving our on-site and online entertainment offer, providing our customers with a quality experience and magical moments. The excitement our renewed programming and offer created is palpable at our casinos and gaming halls. Many acts of generosity highlighted this quarter, including our participation in the government of Québec’s Entraide campaign. We also supported other causes with our Détaillants de Cœur initiative and remained committed to the fight against food insecurity by organizing, among other things, activities benefiting the Moisson organizations.”

Results by sector for the period between April 1 and December 26, 2022:

Lottery
Lottery revenues amounted to $742.2million, which is a $2.6M (+0.4%) increase over the same period in 2021/2022. Lotto Max performed well. It paid more grand prizes of $50 million or more and more Maxmillions than during the same period in 2021/2022. Online lottery sales revenues represent 13.0% of the sector’s total revenues, compared to 3.7% for the same period in 2019/2020.

Casinos and gaming halls
Casino and gaming hall revenues stand at $829.3 million for a $313.9M (+60.9%) increase over the same period in 2021/2022 and a $69.0 million (+9.1%) increase over the same period in 2019/2020. The increase over last year can be explained in part by gaming location closures in 2021, whereas operations have returned to normal since the current fiscal year began. Online casino sales revenues represent 24.3% of the sector’s total revenues, compared to 9.1% for the same period of the pre-pandemic fiscal year.

Advertisement

Gaming establishments
Gaming establishment revenues amounted to $686.5 million, which is a $214.5M (+45.4%) increase over the same period in 2021/2022. Revenues from video lottery terminals remain similar to their pre-pandemic levels. The increase can be explained by the same factor as for casinos and gaming halls: establishment closures in 2021.

Quarterly highlights and CSR contributions for the period between September 27 and December 26, 2022:

Loto-Québec paid $397.1 million to lottery, network bingo and Kinzo winners over the quarter, totalling $1.103 billion since April 1. There were 32 new millionaires during the quarter, for a total of 69 since the beginning of the fiscal year.

Another phase of the 100% Legal campaign was rolled out. This time, its message focused on the local aspect: 100% of the amounts played on LotoQuebec.com remain in Québec and benefit the entire population.

New sportsbooks were set up, to the delight of sports fans. The first one was at the Casino du Lac-Leamy in November and the second at the Salon de Jeux de Trois-Rivières in January, shortly after the end of the quarter.

Advertisement

The 40 Célébration attendees were able to enjoy the gala in person this year at the Théâtre du Casino du Lac-Leamy. Sébastien Benoit, Gregory Charles and Véronic DiCaire hosted the event, which wowed not only attendees, but also all 1,290,000 viewers.

The corporation signed a new agreement with Gestev to handle programming at the Théâtre du Casino du Lac-Leamy. Just as it has been doing at the Cabaret du Casino de Montréal for the last year, this major event producer now offers a varied line-up of performances to the public of the National Capital Region as well.

The third edition of the campaign inviting players to manage their gaming took place in October, focusing on the importance of setting limits. It aimed at encouraging players on LotoQuebec.com to voluntarily set time and loss limits.

Loto-Québec supports several causes and non-profit organizations. Such initiatives, now under the Giving Back is a Win-Win program, made it possible for causes dear to Quebecers to receive over $1 million this fall.

Three of our establishments renewed their BOMA BEST certification this quarter, which recognizes excellence in energy and environmental management and performance in commercial real estate. The Casino du Lac-Leamy received the top certification level: Platinum.

Advertisement

Loto-Québec is committed to highlighting the creative and innovative spirit in the field of gaming and entertainment and, more broadly, of innovation by supporting the next generation. The corporation attended the MEGAMIGS festival and HUB Montréal, in addition to awarding several grants.

Powered by WPeMatico

Continue Reading
Advertisement

Canada

Rivalry to Report First Quarter 2024 Results on May 30

Published

on

rivalry-to-report-first-quarter-2024-results-on-may-30

 

Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Gen Z, today announced details of its planned release of first quarter 2024 financial results.

The Company expects to file its Q1 2024 results the morning of Thursday, May 30, 2024 prior to the commencement of TSXV trading. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results.

Conference Call Details
Timing: Thursday, May 30, 2024 at 10:00 am EDT
Dial-in: 1-800-717-1738 (toll free) or (+1) 289-514-5100 (local or international calls)
Webcast: A live webcast can be accessed from the Events section of the Company’s website at rivalrycorp.com
A replay of the webcast will be archived on the Company’s website for one year.

Continue Reading

Canada

Play’n GO announces partnership with Canadian operator Loto-Québec

Published

on

play’n-go-announces-partnership-with-canadian-operator-loto-quebec

 

Play’n GO, the world’s leading casino entertainment provider, has today announced a partnership with Canadian operator Loto-Québec, launching the Swedish gaming giant’s games into another Canadian province.

Already active in another Canadian province , this partnership sees Play’n GO’s content available in the province of Québec exclusively with Loto-Québec, a state-owned corporation, where online players now have access to titles such as Tome of Madness. 

Magnus Olsson, Chief Commercial Officer, Play’n GO said: “At Play’n GO, we have always been clear in our vision to be active in every regulated market in the world, and this partnership with Loto-Québec is the next step on that journey.

“Our past success in Canada gives us confidence that players in Québec will enjoy the best Play’n GO content, and we look forward to many years of success with Loto-Québec in the province.”

Advertisement

Stéphane Martel, Head of Product and Innovation at Loto-Québec added: “As the sole iGaming operator in Québec, we pride ourselves on offering titles that truly add value to our platform, lotoquebec.com. We are happy to bring Play’n GO games to our players.”

Continue Reading

Canada

Court Decision Upholds iGaming Ontario’s Model

Published

on

court-decision-upholds-igaming-ontario’s-model

 

iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.

“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.

“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.

In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.

Advertisement

iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania