Loto-Quebec Records Strong Growth in H1 2017
Loto-Quebec has released the results for the first six months of this year, revealing the provincial crown corporation recorded revenue of $1.814 billion, which is 3.5% more when compared to the corresponding period of last year.
The main driving force behind this result was an impressive online growth and revenue increase at four Loto-Quebec operated casinos.
Casino de Montreal was the top earner, taking home $253.6 million, followed by Casino de Charlevoix, Casino du Lac-Leamy, and Casino de Mont-Tremblant, while all four venues managed to record increase in revenue during the six-month period.
President of Loto-Quebec Lynne Roiter said the recorded the best performance among the five Canadian lottery companies. She added the company-owned casino managed to show revenue increases thanks to a constantly renewed offer of games and entertainment.
Roiter pointed out than two urban casinos had benefited from the celebration of the 150th anniversary of Canada and the 375th of Montreal, around which the casino had organized a wide variety of activities.
According to Roiter, the company’s strategic plan, presented in September, includes four main orientations: putting the customer at the heart of all decisions; further development and growth; social inclusion; and doing all of that in a timely manner.
Revenues Going Up
During the first half of the year, online casino games recorded a year-on-year increase of 41.8%, while the number of visitors to Loto-Quebec land-based casinos went up by 4.6% to 222,000.
The popularity of the game on Terminal Grande Vie, which went live in October last year, continued deep into 2017, with the 34.7% market share for this lottery. The company’s three Canada-wide products recorded excellent sales during the quarter, exceeding the results of the other Canadian lottery companies.
Last, but not the least is the provincial gaming industry, which also finished this period on the plus side, mainly due to the strong performance of the gaming halls.