Loto Quebec Financials Lower in 2016

Loto Quebec, the Canadian province of Quebec's gaming monopoly, released its full year 2016 financial results, noting that revenues were up 2.1% but income growth was just 0.3%.

The annual report put out by the group revealed that total revenues were C$3.64 billion, up 2.1% from last year. Net incomes were up just 0.3% to C$1.23 billion. The group's online casino Espace-Jeux brought in revenues of C$85.9 million, up 29.7% from last year, which exceeded the $75.4 million goal put forth by the group. Mobile play at the casino was up nearly 30%, and the registered customer base was up 26%.

Moving forward the group says that they're planning to consolidate all of their products into a single spot, bringing poker, lottery, sportsbetting, and casino services all into one site.

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bgsharpe
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22 June 2017 - 6:19pm
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Moving forward the group says that they're planning to consolidate all of their products into a single spot, bringing poker, lottery, sportsbetting, and casino services all into one site.

Probably not a bad idea although sometimes it could be confusing or it would make the site running slowly but anyway it all depends from the site quality I guess.