Loto Québec 2019-20 revenue down but remains above target
Loto Québec’s revenue for the year ended 31 March dipped by 3.1% to CAD$2.74bn (US$2.08bn) and profit declined to $1.35bn, but the operator said both figures remained above target despite the effects of the novel coronavirus (Covid-19) pandemic in the final weeks of the year.
Despite the pandemic, casinos took the top spot as a source of revenue, bringing in $963.7m, up 5.0%, of which $694.8m came from land-based gaming, down 5.1%.
However, this was offset by online casino revenue rising 25.7% to $96.4m and internal restructuring, which meant that the Salons de Jeux gaming hall chain was included in the division’s figures, adding a further $66.5m.
A further $87.0m in casino revenue came from food and beverages, down 1.8%, and $19.2m came from accommodation, down 6.4%.