Nine Months In, Loto-quebec Reports A Steady Year
By Brian Cullingworth, Last updated Mar 3, 2017
Online gambling revenue growth the star of the show
Loto-Quebec, the provincial government-owned gambling monopoly in Canada's Quebec province, has posted its fiscal nine-month results to end December 2016, showcasing a strong performance from the online operations at Espacejeux.
Whilst overall group revenues in the period fell 1.5 percent to Cdn 2.61 billion, with profits down 1.3 percent to Cdn$ 933 million, the online casino enterprise recorded revenue up 26.4 percent y-o-y at Cdn$ 58.3 million; the online lottery division listed sales up 30 percent at Cdn$ 26.8 million; and other online gambling activities brought in Cdn$ 31.5 million – up 23.5 percent.
In the offline activities of the group, lottery sales continued to be the big earner, and although sales were down almost 5 percent year-on-year the vertical still delivered most of Loto-Quebec's revenues at Cdn$ 1.27 billion.
The group's four land casinos collectively generated Cdn$ 619 million (up 2.8 percent) in GGR.
Online Casino News Courtesy of Infopowa
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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