Loto-Québec Reports Big Jump in Q1 Revenues
Loto-Québec is reporting YoY revenue growth of more than 11% for the first quarter of the current fiscal year
- The crown corporation reports much of the growth is due to improved performance in its casino hall business
- Loto-Québec’s digital gaming platform is also on the upswing
Loto-Québec is reporting an 11.1% hike in total revenues for the first quarter of fiscal year 2025-2026 (April 1 to June 30), compared to Q1 2024-2025.
Loto-Québec reports a big increase in total revenue for Q1 FY 2025-26. (Image: Loto-Québec)
Total revenues are reported at CA$766.5 million, a $76.8 million hike over the same period last year. Consolidated net income was CA$384.4 million, a $34.7 million (9.9%) increase year over year.
We’re sustaining last year’s momentum and posting increased results after one quarter thanks to our teams’ steady commitment, efficiently managing several simultaneous initiatives,” said Loto-Québec President and CEO Jean-Francois Bergeron.
Last year’s momentum was marked by total revenues of CA$2.993 billion, an increase from the $2.932 billion reported the previous fiscal year.
Big Jump in Casino Hall Business
Net income last fiscal year was CA$1.518 billion, a slight uptick from the $1.511 billion reported for FY 2023-2024.
“We’ve made some exciting announcements this quarter, including the conference centre expansion at the Hôtel-Casino du Lac-Leamy, which will help reinforce Gatineau’s position as a top business tourism destination,” Bergeron said. “Another announcement was the return of a highly popular comedy event on the grounds of the Hôtel-Casino de Charlevoix resort—Loto-Québec fait son Juste pour rire—that enhances this beautiful region’s entertainment offering.”
CEO: Digital Platform Growth
Some notable highlights in the quarter: a record CA$2,513,553 progressive jackpot was won at poker at Casino du Lac-Leamy on April 16. One month later, a visitor to the Outaouais region stopped at the casino and won CA$2,211,553 playing a slot machine.
Gaming tables made their appearance at gaming halls, a new interlocation progressive jackpot in poker, and the addition of an optional wager in blackjack were other highlights, the crown corporation said in a statement.
“Our digital platform continued gaining traction with increased results for both lottery and casino games,” said Bergeron. “This success stems from a diversified, up-to-date and responsible offering. It’s a promising start to the year, and I’m convinced we’ll continue delivering results that will make us all proud since they benefit all of Québec.”
https://www.casino.org/news/loto-quebec-reports-big-jump-in-q1-revenues/