MONTRÉAL, Sept. 1, 2017 /CNW Telbec/ - FY 2017-2018 started off well for Loto-Québec. First quarter results show that consolidated revenue reached $882.4 million, up by $51.8 million (+6.2%) compared to the same quarter last year. Net income was $325.1 million, or an increase of $26.6 million (+8.9%).
| Consolidated revenue |
$882.4 M |
+6.2% |
| Lotteries |
$430.8 M |
+8.9% |
| Casinos |
$213.6 M |
+6.3% |
| Gaming establishments |
$243.5 M |
+1.4% |
LOTTERIES
- The Canada-wide Grande Vie (Daily Grand) lottery, launched in October 2016, has been very popular in Québec, with sales of $18.0 million during the first quarter. Québec's 34.5% market share is particularly impressive.
- Lotto Max and Lotto 6/49 have performed very well thanks to the greater number of major jackpots offered and higher sales volumes for each prize level, which also resulted in more winners.
- Scratch tickets (+8.6%) and event betting (+20.3%) generated considerably more sales.
- Some 4,600 prizes or prize shares worth over $1,000 were paid to lottery winners, including 31 prizes worth over $1 million.
CASINOS
- Casinos report higher revenues and patronage, and clientele is expanding.
- Patronage has markedly increased at the Casino de Charlevoix, where 28,000 more visits (+14.9%) were recorded than during the first quarter of 2016-2017.
- Initiatives to promote and renew gaming and entertainment offerings continue to pay off in casinos and online.
GAMING ESTABLISHMENTS
- The sector – which includes video lottery terminals in bars and brasseries as well as gaming, bingo and Kinzo halls – reported higher revenues, thanks mainly to excellent performance in gaming halls.
- The reconfiguration of the video lottery terminal network is ongoing.
ONLINE GAMING
- Revenues from Loto-Québec's online gaming site, all games combined, reached $24.5 million, or an increase of $7.3 million (+42.3%).
- Work to improve navigation flow between product families continues.
Finally, Loto-Québec is proud to announce that the World Lottery Association (WLA) has renewed its Security Control Standard Certification this spring. Valid until June 2020, the certification confirms that the Corporation rigorously applies internationaly-recognized best practices relating to gaming activity security and integrity.
The quarterly report is available on Loto-Québec's website.
SOURCE Loto-Québec
Patrice Lavoie, Corporate Director, Public Affairs, Press Relations and Social Media, Loto-Québec, 514-499-5130, [email protected], twitter.com/patricelavoie
Related Links
lotoquebec.com
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