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Press release

2018-2019 FISCAL YEARThird Quarter: Loto-Québec set to meet goals

2018-2019 FISCAL YEARThird Quarter: Loto-Québec set to meet goals

Montréal, February 15, 2019 – After three quarters of its 2018-2019 fiscal year completed, Loto-Québec reports consolidated revenues of $2.165 B and net income of $1.122 B. These numbers represent respective increases of $156.9 M (+7.8%) and $103.0 M (+10.1%) compared to the same period in the previous fiscal year.*

 

KEY FIGURES AFTER THREE QUARTERS

 

2018-2019

2017-2018

Consolidated revenues

$2.165 B

$2.008 B

Net income

$1.122 B

$1.019 B

 

QUOTE

“In light of these positive results, we can state that we are on track to achieve our annual target for net income set at $1.261 B, and thus pay the government the dividend expected,” said the President and CEO of Loto-Québec, Lynne Roiter.

 

HIGHLIGHTS

Lotteries

Autumn saw several exceptionally large Lotto Max jackpots, including a draw in which the total prize money to be won reached a record $116 M. An increase in instant lottery sales and a good performance by Lotto Max are the main reasons for the increase in revenues in this sector (+18.0%).

Casinos

The holiday period was especially busy in Québec’s casinos, as the Casino de Montréal began its 25th anniversary celebrations. Good results were achieved throughout the sector (+4.2%), supported by themed activities showcasing various forms of entertainment.

Gaming establishments

An important step in the video lottery terminal (VLT) network action plan has been completed with the final mandatory withdrawal of terminals from targeted areas. The total number of VLTs is now under 10,000. The increase in revenues in this sector (+2.3%) is explained by the six additional days in the period’s calendar as well as a rise in gaming hall activities.

Online gaming

Both casino games and lottery products continued to grow. Total revenues from lotoquebec.com increased by 32.0%.

 

*The first three quarters of 2018-2019 have six more days than the same period in the previous fiscal year.

 

Note: Due to new accounting methods, prizes paid out are now deducted from lottery, bingo and Kinzo revenues, as was already the case for casinos and video lotteries (more details are available on page 6 of the quarterly report). Figures for 2017-2018 were therefore adjusted. Gross profit and net income were not affected.

 

The quarterly report [French version, PDF – 1.23 MB] is available on Loto-Québec’s website.

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Source and information:
Patrice Lavoie
Corporate Director, Public Affairs, Press Relations and Social Media
Loto-Québec
514-499-5130
patrice.lavoie@loto-quebec.com
twitter.com/patricelavoie

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