Loto-Québec, Canada’s national lottery organization had some interesting information about their upcoming fiscal quarter. Although Lotto Max drew the most attention with a whopping $611 million in gross sales and almost 1 billion dollars in total prizes awarded to players around the world in just one week of operation at its new Montréal headquarters, they also released their Q3 2021-22 financial results showing revenues increased over 30%.
Loto-Québec’s 2021-22 fiscal year saw a large increase in revenue. The company posted an overall profit of 1,839 million dollars.
According to Loto-most Québec’s recent financial figures, the Crown company is close to returning to its pre-unprecedented performance levels. The agency released its third-quarter financial results for 2021 on March 8, 2022, which cover the period from September 28, 2021, to December, right before its most recent closure of brick-and-mortar locations throughout Quebec.
The launch of the Salon de jeux de Québec at its new site in the Méga Centre Beauport, which received its first customers on November 29, 2021, is just one example of the company’s successes in Q3. On October 8, 2021, the Crown’s Hilton Lac-Leamy celebrated its 20th anniversary. Loto-o-suivant, the corporation’s first charity lottery game, has also been launched.
Results during the third quarter
Loto-Québec had a highly productive quarter, according to the Q3 statistics, with total sales and consolidated net income reaching 90 percent and 94 percent of their pre-unprecedented scenario levels of 2019-2020, respectively. The company reported overall sales of CA$619.9 million and consolidated net income of CA$324.7 million for the third quarter of 2021-2022. This is up 70.1 percent and 120.9 percent over the same quarter last year.
The Crown corporation’s online gambling operations have also increased, with iGaming income increasing by CA$1.3 million, or 2.1 percent. However, since land-based gambling businesses were open for business in Q3, gamblers were not confined to iGaming options. Overall, internet income accounted for 30.3 percent of total casino revenue, up from 9.4 percent in the previous fiscal year.
In addition, the Crown agency’s President and CEO, Jean-Francois Bergeron, said that the organization had the necessary instruments to defend itself against Russian cyberattacks. Mr. Bergeron said that the firm is subjected to hundreds of assaults every day, but that its teams are effective in reversing them and that the corporation is also on the lookout for such threats.
This remark was made in response to the Crown’s decision to back Ukraine in the war and to cease accepting bets on Russian sporting events. The Corporation goes on to say that this does not apply to Russian-born sportsmen who play for another team. According to the company, the withdrawal of Russian games accounts for around 5% of overall sports bets.
Join forces with High 5 Games.
Loto-Québec also revealed this week that it had signed a content distribution deal with High 5 Games, a major US-based slot supplier. The Crown will be able to expand its gaming portfolio on lotoquebec.com as a result of this deal, and players will soon be able to experience some of the supplier’s biggest hits, including Triple and Quadruple Double da Vinci Diamonds, Secrets of the Forest Extreme, and more.
Partnership Has Been Extend
The Crown organization announced at the end of February that it has agreed to a contract renewal with Instant Win Gaming. The latter is a long-time supplier of e-Instant games to NASPL/WLA lottery members. And, as a result of this deal, the business will remain the lottery’s primary source of e-Instant titles for the foreseeable future.
“Third quarter of the fiscal year 2021-2022 — Loto-Québec reports great earnings,” Yahoo, March 8, 2022.
Loto-Québec is a Canadian lottery that has been operating since 1962. In the last quarter, it posted 2021-22 Q3 fiscal stats. Reference: unclaimed lotto tickets québec.
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