Driven by online growth, along with revenue hikes at its four land-based casinos, provincial operator of games of chance, Montreal headquartered Loto-Québec, has maintained its momentum with semester revenue at C$1.814bn, an increase of 3.5 percent.
With one less day than the first six months of the previous year, net income was up $39.5 at $678.6m, an upswing of 6.2 percent.
The provincial Crown corporation reportedly said that its quad of casinos, which includes Casino de Montréal, Casino de Charlevoix, Casino du Lac-Leamy and Casino de Mont-Tremblant, all showed “revenue increases through constantly changing game and entertainment offering,’ according to G3 Newswire.
Of the four casinos, the company’s top earner was reportedly Casino de Montréal, generating $253,639m. Next in line was Casino de Charlevoix, followed by Casino du Lac-Leamy and Casino de Mont-Tremblant. All four casinos reportedly posted increases.
For the first half of the fiscal year, overall, the casino sector, which in addition to brick and mortar casinos, includes online casino gaming and food and beverage accommodation, reportedly generated revenues of C$452m, an increase of $30.6m or 7.3 percent year over year. According to the report, revenues from online casino games were up significantly by 41.8 percent.
Meanwhile, attendance at land-based casinos was up 4.6 percent or by 222,000. And while lotteries performed well, there were fewer big jackpots than there were the same time last year.
Loto-Québec 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.”