Three quarters of the way through fiscal 2023-2024 - Loto-Québec continues to meet its objectives

MONTRÉAL, Feb. 27, 2024 /CNW/ - For the period from April 1 to December 25, 2023, Loto-Québec posted total revenues of $2.111B and a net income of $1.076B. The corporation has, therefore, met its objectives despite an economic context that keeps putting pressure on Quebecers' discretionary dollars.

Sound management remains a priority across all organization sectors, which will further their efforts to continue meeting the targets by the end of the fiscal year.

QUOTES FROM THE PRESIDENT AND CEO

"I want to thank our teams for their commitment and excellent work. They're the ones behind our very good performance. We're on track to meet our annual targets despite a peculiar economic context," said Jean-François Bergeron.

"Several promising initiatives stand out in our third quarter. Among them, we've announced the construction of a hotel next to the Casino de Montréal. This major project will cement the casino's position as a prime entertainment destination."

"We're proud to have obtained the World Lottery Association's Level 4 responsible gambling certification for the fifth time. Valid for three years, this international recognition is a testament to both our exemplary responsible gambling practices and their continuous improvement."

RESULTS BY SECTOR

For the period from April 1 to December 25, 2023

• Lottery product sector revenues amounted to $668.8M.
• Casino and gaming hall sector revenues amounted to $797.9M.
• Gaming establishment sector revenues amounted to $659.3M.

QUARTERLY HIGHLIGHTS AND CSR CONTRIBUTIONS

• Since the beginning of the fiscal year, Loto-Québec has paid out 69 prizes of $1M or more to lottery winners, 21 of which were awarded during the quarter. The total amount paid out to lottery, network bingo and Kinzo winners over the third quarter was $389.2M. The overall amount stands at $1.136B since the beginning of the fiscal year.
• On December 18, Loto-Québec announced the construction of a 200-room hotel on the grounds of the Casino de Montréal, which will preserve the environment and the unique character of Parc Jean-Drapeau. Several industry partners and representatives of various levels of government were in attendance.
• In collaboration with Moment Factory, Loto-Québec launched ARcade, a one-of-a-kind interactive experience, at the Casino de Montréal. The first floor of the Pavillon du Québec was entirely refurbished to offer guests a skills-based, non-gambling gaming option.
• Loto-Québec achieved, once again, the World Lottery Association's highest level of accreditation in responsible gambling—Level 4.
• Several charity initiatives stood out last fall across all sectors of the corporation, enabling it to award significant sums to several non-profit organizations as part of the Giving Back Is a Win-Win Program.

The Quarterly Report [PDF – 2.2 MB, in French only] is available on Loto-Québec's website.

Source and for more information:    

Renaud Dugas
Spokesperson and Media Relations Director
Loto-Québec
514-499-5208
[email protected]  

SOURCE Loto-Québec