Lotto-Québec Posts Financial Statistics For Q3 2021-22
Lotto Quebec’s latest financial statistics suggest Crown Corp is close to unprecedented situational performance. On March 8, 2022, the agency released its third-quarter 2021 financial figures covering September 28 to December 2021, just before the closure of its most recent brick facilities across Quebec.
The opening of the Salon de Jude Quebec in a new location in Mega Center Beaufort, which welcomed its first guest on November 29, 2021, is part of the company’s key features in the third quarter. Also, Crown’s Hilton Rock-Remy celebrated its 20th anniversary on October 8, 2021. It also presented the company’s first charity lottery game, Lotto-O-Serbian.
According to the third-quarter report, Loto-Quebec’s total revenue and consolidated net income reached 90% and 94% respectively, at unprecedented levels in 2019-2020, with total revenue of 619.9 million CA and consolidated net income of 324.7 million CA in the third quarter of 2021-2022, up 70.1% and 120.9%, respectively.
Online gaming activity also improved as Crown Corporation reported a CA$1.3 million (2.1%) increase in iGaming revenue. But this rate is slower. Because ground-based gaming assets were operating in Q3, and gamblers were not limited to iGaming products. Overall, online revenue accounted for 30.3% of total casino revenue, compared with only 9.4% during the 2019-20 period.
Also, Jean-François Bergeron, president and CEO of Crown Agency, claimed the company had the tools it needed to protect itself from Russian cyberattacks. Bergeron said he experiences hundreds of attacks every day, but the team is successfully reflecting them and is also alert to these potential threats.
The statement is about Crown’s decision to support disputed Ukraine and its suspension of sports betting on Russian sporting events, which the corporation says does not affect Russian athletes playing for other teams. Russian game elimination is about 5% of the total sports betting, according to the corporation.
This week, Loto-Queébec also announced that it has signed a content distribution agreement with High 5 Games, a leading U.S. slot provider. The deal will allow Crown to enrich its gaming portfolio on lotoquebec.com , and players will soon be able to enjoy suppliers’ biggest hits, including triple and quadruple double da Vinci diamonds and secrets to forest heights.
CROWN ORGANIZATION SAYS AGREEMENT TO EXTEND CONTRACT WITH INSTANT WIN GAMING AT END OF FEBRUARY. Instant Win Gaming is an established provider of e-Instant games for NASPL/WLA membership lottery. With this agreement, the company will continue to be a major supplier of e-Instant games.
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