Canadian gaming: Loto Québec Reports 6.3% Net Income Increase in Q3

Loto-Québec reported rises in both overall revenues and net profit in its Q3 fiscal year 2024-2025 report made public yesterday. 

 

5.1% Increase in Overall Revenues 

The crown corporation reported total revenues of CAD$734.2 million in the third quarter (Oct. 1 to Dec. 31, 2024), reflecting a 5.1% increase (CAD$35.5 million) compared to Q3 FY 2023-24, and a net income of CAD$360.5 million, which marks a 6.3% rise (CAD$21.3 million) year-over-year.

"Loto-Quebec remains on track, with very good financial results that surpass last year’s,” said President and CEO Jean-Francois Bergeron. “This strong performance moves us closer to achieving our annual net income target. We’re very proud of it, especially since it ultimately benefits all of Quebec.”

From April 1 to December 31, 2024, the crown corporation shows total revenues of CAD$2.23 billion (an increase of CAD$127 million year-over-year, or 6%) and net income of CAD$1.13 billion (an increase of CAD$55.8 million, or 5.2%). 

 

Canadian gaming: Casinos Set for Unprecedented Year 

Based on sector results, from April 1 to December 30, 2024, revenues from the lottery product sector reached CAD$703.4 million, revenues from the casino and gaming hall sector were CAD$906.8 million (poised for a record year, the crown corporation stated), and revenues from the gaming establishment sector totaled CAD$645.5 million. 

The land-based venues managed by Loto-Québec are casinos and gaming halls. “Gaming venues” denotes betting activities beyond casinos – including sports wagering, video lottery terminals located in bars, and bingo and Kinzo establishments. 

Gaming venues experienced a minor decrease in Q3, recording total revenues of CAD$213 million, a drop from CAD$218 million in Q3 FY 2023-24. 

 

Bragg Deal to Boost Content

“Enthusiasm for our flagship product Célébration was at an all-time high, with ticket sales exceeding last year’s and a very exciting gala that brought people together,” Bergeron said in a statement. “Our casinos and gaming halls also shone brightly during the holidays, treating our customers to festive and unforgettable experiences. The lineup of activities was appealing, as the increase in traffic shows.”

"Responsible commercialization principles remained at the core of our priorities. We took advantage of the holiday season to roll out campaigns reminding our customers that lottery tickets are for adults only and raising their awareness about the risks of playing under the influence of alcohol.”

In February, Bragg Gaming revealed a content agreement with Loto-Québec to enhance its online casino offerings.