Higher revenues, more winners for Loto-Québec

Higher revenues, more winners for Loto-Québec

Wednesday, June 28, 2017 Posted by James Walker
The Canadian group saw gains across its lottery, casino and online gaming operations

Loto-Québec has reported a 2.1% increase in revenues for fiscal 2017, with the state-owned Canadian gaming group delivering a record number of seven-figure lottery prize payouts during the year.

The company, which was founded by the Québec government in 1969 to oversee the operation of games of chance in the province, said revenues in 2016-2017 totalled C$3.6 billion, up 2.1% on the prior year.

Total lottery prizes amounted to just over C$1 billion. Loto-Québec said the year was marked by a record number of prizes paid that were worth over C$1 million. More than 100 seven-figure prizes were awarded, creating 122 millionaires.

The group’s four casinos across Québec reported sales of C$838.8 million, up 4% on the previous year, with the results being attributed to more customers at gaming tables and a “vigorous” tourism trade.

Total revenues in the online gaming sector, meanwhile, amounted to C$85.9 million, up 29.7% on 2015-2016.

Discussing the fiscal 2017 results, Lynne Roiter, president and CEO of Loto-Québec, said: “We have successfully continued our renewal strategy over the past year, which is based on three strategic directions focused on entertainment, efficiency and responsible commercialisation.”

Loto-Québec’s annual results come as the group continues to bolster its key lottery offering.

Earlier this month it was announced that IWG, a leading supplier of online lottery games, has developed its first ever physical instant-win title, with Loto-Québec becoming the first to market the new product.

The new physical game is based on the supplier’s popular Cash Buster title – one of the most successful online instant-win games in the lottery space.

“Turning an online instant win game into a physical version has never been done before – it’s usually the other way around,” Rhydian Fisher, CEO at IWG, told TotallyGaming.com.

“However, following the success of Cash Buster with Loto-Québec and other operators, it became a no-brainer for us to make the transition. Now we’ve developed our first physical game, we expect many more of our popular titles to follow suit in the months ahead.”

Totally Gaming says: Loto-Québec’s latest financials point to a stable gaming market in Canada’s second-most populous province. The group’s online division is leading the way in terms of revenue growth, and the recently-signed deal with IWG will open up the popular Cash Buster title to the core retail segment.

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