Loto-Québec Annual Report 2012

Last Updated on Friday, 15 June 2012 17:41 Thursday, 14 June 2012 17:17

Written by Editor

MONTREAL, June 14, 2012 / CNW Telbec / - The Finance Minister Raymond Bachand , filed this morning in the National Assembly the annual report of Loto-Quebec for the period 1 ^st April 2011 to March 31, 2012.

At the end of this fiscal year, Loto-Quebec says the products of 3.658 billion dollars, for an overall score of 1.285 billion. All business sectors have achieved a satisfactory performance in 2011-2012. Of around 1.789 billion, sales of lottery is virtually identical to that of last year (+0.1%). The addition of Poker Lotto, whose success has resulted in sales of $ 88.7 million, as well as the lure of instant lotteries, of paris on sporting events, lotteries and special editions Teleactives offset slowing the Lotto Max, caused by reduced supply of jackpots accompanied Maxmillions.

For its part, the casino sector, which grew by 1.7% over the previous year, displays products of $ 871 million.Interestingly, the four casinos have increased their sales. The progression of the Montreal Casino is 1.3%, while that of casinos du Lac-Leamy, Charlevoix and Mont-Tremblant totals 1.9%, 2.9% and 7%. Integrated into the casino sector, the site for its part espacejeux.com obtained a turnover of 19.4 million.

The network of video lottery products shows $ 998 million, which is comparable to last year. However, the gaming halls in Quebec and Three Rivers saw their combined sales climb 9.6%. Spurred by the opening of eight Kinzo Express products bingo sector are of the order of $ 34 million, a 8.4% increase compared to last year.

Rigorous management of dice think
The Company announces results similar to those of 2010-2011, and, taking into account the value of principal on loans in Casino Development Europe and its subsidiaries, as shown in the last provincial budget. In addition, the Corporation has complied fully with the requirements of the Balanced Budget Act and measures to improve productivity, to the tune of $ 43 million. Even before the coming into force of these measures, the Company applied a control operating expenses, which has kept them for nine years, 1.5%, a lower threshold than the average rate Inflation in Quebec.

An important economic contribution and social
impact of economic activities of the Company has been substantial: for example, lottery winners and bingo hit lots valued at $ 948.8 million, including 59 checks for a million dollars or more purchases from companies doing business in Quebec totaled $ 460 million, and $ 347.9 million was paid in commissions to partners lottery, video lottery and bingo.

In terms of social contributions, the results are equally compelling. Indeed, $ 30.3 million was spent on the fight against excessive gaming, $ 17.1 million were awarded to nonprofit organizations and some 14 million were made in the popular event sponsorships across Quebec.

Under the sign of in novation
Seeking to keep pace with its social, economic and technological development, the company has demonstrated innovation and creativity, whether through the organization of the Grand Tournament Poker Lotto Quebec, the arrival of Mise-o-game on the site espacejeux.com, opening Kinzo Express and the progress of modernization at the Montreal Casino.

Indeed, the most prestigious poker event ever held in Canada took place recently at the Casino du Lac-Leamy. The winner will represent the Company in July 2012 at the tournament for The BIG ONE DROP ONE ™, part of the World Series of Poker, to be held in Las Vegas . Each entry fee costs a million dollars, and 11.1% of these fees are paid to the ONE DROP Foundation ®, created by Guy Laliberté.

Since March 26, 2012, amateur sporting events can bet online from their computers, their tablet computer or their smartphone. Development of mobile applications-o-game were designed by the team of Ingenio, a subsidiary of Loto-Québec is dedicated to research and product development and marketing methods related to gambling and money.Note that the offer of online gambling shall allow future with the addition of lottery and bingo.

In order to maintain the income of nonprofit organizations focusing on bingo as a funding source, eight rooms Kinzo Express were implanted in Joliette, LaSalle, Laval, Longueuil, Quebec, Repentigny, St. Eustatius and in Vaudreuil-Dorion. Due to the favorable reception that the public is reserved for Kinzo Express, the network will be expanded in the coming year.

In addition, major modernization work at the Casino de Montreal is taking place on schedule and on budget. While work must continue until the fall of 2013, steps are already completed. Thus, the main entrance was opened last April and other sections of the Casino, including the restoration, will open gradually.

A corporate web site transform é
Launched in May, the renewed corporate website is the result of collaboration of a multidisciplinary team. More user-friendly, promotes intuitive navigation and easy access to information. Better suited to web 2.0, the site encourages dialogue and allows a reconciliation to various audiences. All in all, the Company and its subsidiaries maintain a thirty websites, accessible from the portal lotoquebec.com.

The relocation of the gaming hall Quebec
Relocation of Gaming Hall Quebec stems from the decision to build a new arena in Quebec City. Loto-Quebec has until 2014 to move the gaming hall, which will be replaced by offices, a television studio of Quebecor and a restaurant-bar.

New to the Presidency and the con cil of Directors
November 7, Gérard Bibeau became president and CEO of the Company, succeeding Alain Cousineau, who held that position from 2003 to 2011. The Board welcomed five new members: Lynda Durand , Nathalie Goodwin , Anie Perrault, Albert Alain and Jean-Andre Elie. There is now composed of 12 members, 6 women and 6 men.

Information:

Jean-Pierre Roy
Director of Media Relations
, Loto-Québec
514 499-5151

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