Loto-Québec boosted by lottery gains in Q1
| By Richard Mulligan
Loto-Québec generated impressive lottery growth as the Canadian province’s gambling monopoly celebrated the reopening of venues in the first quarter of the financial year, ended 30 June.
The government corporation posted total revenue of CAD$401.3m (USD$314.3m/€268.0m/£230.0m) for the three months to 30 June, which was up 154.9% on the same period in 2020, when most of the group’s activities were ceased due to the pandemic. However, with most physical locations, such as casinos, gaming halls and video lottery, only returning during the final month of the quarter, Q1 2021-22 revenue was down 38.8% compared to the same period in 2019-20.
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