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Exceptional Results for Loto-Québec

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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.

“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.

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.

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.

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.

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PointsBet Canada Officially Begins Registration Process in Alberta

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PointsBet Canada has announced that it has commenced the registration process in Alberta and can now begin marketing activities, positioning the company to enter the province as Alberta prepares to become Canada’s second open and competitive regulated iGaming market.

Eligible Alberta residents can now pre-register at https://www.pointsbet.ca/ to receive notification of PointsBet’s launch, along with an exclusive welcome offer, ahead of the full platform rollout expected in the coming months.

This development follows the Alberta Gaming, Liquor and Cannabis (AGLC) streamlined process, enabling PointsBet Canada to introduce its premium sports betting and online casino experience while final registration steps continue.

“Alberta’s move toward an open, competitive iGaming framework is a positive step for Canadian players, offering more choice and consumer protections in a safe and regulated environment. We’re excited to introduce our innovative, Canadian-focused sports betting and online casino products to Alberta residents, supported by industry-leading speed, responsible gaming tools, and local expertise,” said Scott Vanderwel, CEO of PointsBet Canada.

The post PointsBet Canada Officially Begins Registration Process in Alberta appeared first on Americas iGaming & Sports Betting News.

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Kambi Group Becomes the Official Sportsbook Partner of Ontario Lottery and Gaming Corporation

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Kambi Group has formally assumed contractual responsibilities for OLG’s multi-channel sportsbook following the successful completion of the novation agreement with FDJ Gaming Solutions France (FDJ) and Ontario Lottery and Gaming Corporation (OLG), with OLG launched its Kambi-powered sportsbook on 27 January.

Kambi, the home of premium sports betting solutions, confirmed that it has formally assumed contractual responsibilities for the provision of sports betting services to OLG, having successfully met all conditions of the previously agreed novation agreement.

The completion follows the announcement in 2025 that Kambi had been selected by FDJ to take over FDJ’s role as OLG’s long-term sports betting partner with OLG’s consent and pending the satisfaction and completion of specific conditions. With these conditions now met, Kambi has officially assumed responsibility for the provision of sports betting services to OLG across both its retail and digital channels, with OLG gone live with its Kambi-powered sportsbook on 27 January.

OLG offers sports betting through PROLINE (retail) and PROLINE+ (online) with 100% of its profits reinvested into Ontario. Powered by Kambi’s Turnkey Sportsbook, OLG’s sports betting operations will benefit from Kambi’s market-leading technology and services, designed to deliver a scalable, compliant and engaging betting experience for players.

Werner Becher, Kambi Group Chief Executive Officer, said: “We are delighted to have officially completed this transition and to begin this next chapter of our partnership with OLG. Having met the necessary conditions of the novation agreement, Kambi is excited to become the official sportsbook provider and to have launched with one of the world’s most respected lottery operators. We value our partnership with OLG and look forward to leveraging our proven technology to help them drive sustainable growth and provide a safe and entertaining betting product for their customers in Ontario.”

Duncan Hannay, OLG President and CEO, added: “OLG strives to provide a market leading PROLINE sports betting experience for our players. We look forward to working alongside our new partner, Kambi, who offers a proven track record of product excellence and reliability, as we deliver on our commitment to give back to the people and communities of Ontario. This is an exciting step forward for both organizations.”

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High Roller Technologies Signs Letter of Intent with Kindbridge Behavioral Health to Support Responsible Gambling in Ontario

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High Roller Technologies Inc., operator of the award-winning, premium online casino brands High Roller and Fruta, announced it has entered into a non-binding Letter of Intent (LOI) with Kindbridge Behavioral Health (Kindbridge) to support its commitment to responsible gambling in Ontario, subject to licensing and regulatory approval.

Through the planned partnership with Kindbridge, High Roller intends to offer eligible Ontario players who choose to self-exclude a confidential pathway to support that helps individuals understand their options and take next steps at their own pace. The experience begins with education and a guided triage process, followed by the option to connect with no-cost peer support and, when appropriate, licensed Canadian clinicians. Using a stepped-care approach, individuals can start where they feel ready and access additional support over time, based on their needs and goals.

“We believe entertainment should always be enjoyed responsibly. Partnering with Kindbridge reinforces our commitment to player wellbeing by ensuring that anyone who may be experiencing challenges with their gambling activity has access to meaningful, professional support. This collaboration reflects our responsibility not only as an operator, but as a trusted brand that puts people first,” said Seth Young, Chief Executive Officer at High Roller.

Kindbridge works with gaming operators across North America to deliver early-intervention programs designed to identify, assess, and support at-risk individuals, including integration with self-exclusion and responsible gaming workflows.

“Building strong, accessible pathways to support is an essential part of effective responsible gambling programs.nOperators are uniquely positioned to assist individuals who may be experiencing distress by helping connect them to appropriate care. We’re proud to work with High Roller to expand access to specialized clinicians and evidence-based resources, supporting healthier outcomes for players and more effective responsible gambling frameworks,” said Daniel Umfleet, Founder & CEO of Kindbridge Behavioral Health.

Seth Young, who currently serves as Chief Executive Officer of High Roller, is a current shareholder, member of the Board of Advisors, and former member of the Board of Directors at Kindbridge.

The post High Roller Technologies Signs Letter of Intent with Kindbridge Behavioral Health to Support Responsible Gambling in Ontario appeared first on Americas iGaming & Sports Betting News.

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