Loto-Québec's results are in line with budget forecasts

in Lottery

budget forecasts 

Montréal, August 30, 2019 - At the end of the first quarter of fiscal year 2019-2020, Loto-Québec reported total revenues of $ 656.1 million and consolidated net income of $ 337.4 million.

 QUOTE

"It should be noted that since 2015-2016, our total revenue for the first quarter (for a comparable number of days) grew by $ 70.0 million (+ 11.9%). For the same period, total expenses increased by only 1.9%. As for our consolidated net income, it increased by $ 63.9 million (+ 23.4%), to which all our sectors contributed, "said Lynne, President and Chief Executive Officer of Loto-Québec. Roiter.

 HIGHLIGHTS

lotteries

The lottery sector saw its products decrease (-11.6%), mainly because of the smaller number of Maxmillions offered at Lotto Max (32 against 199 in the first quarter of 2018-2019) and the decline in special editions, attributable the non-return of the $ 100 ULTIME ticket, which was not put back on the market this year. The Company has also awarded the largest prize in its history, $ 65 million.

 casinos

The casino sector posted stable revenues compared to the same quarter last year. For the same number of days, revenues were up $ 2.1 million (+ 1.0%).

 Playgrounds 

The bar network posted a drop in revenue (-1.2%), while there was an increase for gaming halls (+ 4.1%), bingo (+ 16.5%) and Kinzo (+ 13.4%). Bingo has benefited from the revenue generated by the electronic bingo. 

Online game

Revenues from the online gambling site - combined lottery and casino games - increased by $ 5.6 million (+ 23.8%).

 The quarterly report is available on the website of Loto-Québec.

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Source:
Marisol Schnorr
Head of Public Affairs and Media
Loto-Québec
514 499-8691
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For further information:
Renaud Dugas
Senior Advisor, Public Affairs and Media
Loto-Québec
514 499-5208
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