Canadian operator Loto-Québec has continued its momentum with its six months revenue up 3.5 per cent to C$1.814bn, driven by impressive online growth and revenue increases at its four casinos.
Net income was $678.6m, up $39.5 or 6.2 per cent. This semester has one less day than the first half of the previous year.
The company said that its four casinos all showed ‘revenue increases through constantly changing game and entertainment offering.’
Casino de Montréal was the company’s top earning casino generating $253,639m followed by Casino de Charlevoix, Casino du Lac-Leamy and Casino de Mont-Tremblant. Each of the casinos posted increases.
Lynne Roiter, President of Loto-Québec, said: “Our lotteries offered a good performance, well that there were fewer major jackpots than at the same period last year. The popularity of the game on terminal Grande Vie, launched in October 2016, continued. Our market share for this Canada-wide lottery remains high at 34.7 per cent. For the three products national, we record the best performance among the five Canadian lottery companies. In addition, Quebecers have once again been very lucky, getting hold of several important lots. Our casinos all show revenue increases thanks to an offer of games and entertainment that renews constantly. Traffic is also in progress, including sightseeing. Our two urban casinos have benefited from the effervescence the 150th anniversary of Canada and the 375th of Montreal. We organized casino activities around these two unifying events.
“Our 2017-2020 strategic plan was tabled in the National Assembly on September. It includes four major orientations that will guide our activities over the next three years: put the customer at the heart of all our decisions; develop new growth avenues that combine play and entertainment; improve social inclusion in our company and our offer; and improve our agility and ways of doing things.”
Overall, the casino sector, which includes food and beverage accommodation and online casino gaming, generated revenues of C$452m for the first six months of the fiscal year, up $30.6m, or 7.3 per cent compared to the same period last year. Revenues from online casino games increased by 41.8 per cent.
Attendance at bricks and mortar casinos increased by 222,000 or 4.6 per cent. Lotteries performed well, although there were fewer major jackpots than at the same time last year.
The company said: “The popularity of the game on Terminal Grande Vie, launched in October 2016, continued. Our market share for this Canada-wide lottery remains high at 34.7 per cent. For the three domestic products, we recorded the best sales performance among the five Canadian lottery companies. There is still an overall decline of four per cent in lottery results.”
Québec’s gaming industry – which includes video lotteries in the network of bars and breweries as well as gaming halls, bingo and Kinzo – also shows growing revenues. This is largely due to the good performance of the gaming halls.