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2018-2019 fiscal year – Loto-Québec reports strong financial results
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Loto-Québec’s 2018–2019 Annual Report was tabled this morning in the National Assembly. The Corporation’s total revenues were $2.827 billion, exceeding its previous fiscal results by $84.9 million, or 3.1%. The net income totalled $1.408 billion, up $72.7 million, or 5.4%.
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KEY FIGURES |
||
|
Total revenues |
$2.827 billion |
+3.1% |
|
Net income |
$1.408 billion |
+5.4% |
|
Prizes paid out1 |
$1.160 billion |
+12.9% |
|
REVENUES BY BUSINESS SECTOR |
||
|
Lotteries |
$955.7 million |
+8.7% |
|
Casinos |
$917.9 million |
+1.2% |
|
Gaming establishments2 |
$979.5 million |
-0.2% |
|
Online gaming3 |
$105.4 million |
+23.2% |
QUOTE
“Over the past five fiscal years, even with our total revenues on the rise, we’ve maintained tight control over our expenses. That’s helped to improve our productivity,” says Lynne Roiter, President and CEO of Loto-Québec. “The ratio of net income over revenues has also risen from 45.5% in 2014–2015 to 49.8% in 2018–2019. All of our business sectors are contributing to the increase in net income, which reflects the efforts being made right across the Corporation.”
HIGHLIGHTS
- The increase in lottery revenues is primarily due to the strong performance of Lotto Max, for which sales were over $52.3 million, or 30.6% higher than those of the 2017–2018 fiscal year. The instant lottery category also showed continued growth (up $18.8 million, or 12.3%) due to the overwhelming popularity of permanent games and the holiday collection.
- The casino sector delivered strong results, mainly due to the success of its themed promotions, which attracted close to 10 million customers. Despite road work and difficulties getting to the site, the Casino de Montréal managed to see an increase in revenues.
- The drop in gaming establishment revenues can be attributed to the reconfiguring of the video lottery terminal network in bars, for which sales decreased by $6.7 million, or 0.7%. The drop was more pronounced in sectors that lost terminals.
- The total revenues (lottery and casino games) generated by lotoquebec.com totalled $105.4 million, which is an increase of $19.8 million, or 23.2%, versus the previous fiscal year. Improving the ease of navigation between product lines improved the website’s market share.
- Responsible commercialization is a constant priority for Loto-Québec. Several information and awareness-raising initiatives were launched in the 2018–2019 fiscal year, including a campaign about the importance of respecting one’s limits, an online video explaining how luck works, and a new slide-out menu on lotoquebec.com that links to information on responsible gambling.
- Loto-Québec owes its outstanding results to the vision outlined in its 2017–2020 strategic plan: the Corporation has stayed focused on the customer, strengthened its focus on gaming and entertainment, maintained its responsible commercialization approach, and continued to improve its work processes in order to optimize convergence, agility and efficiency.
_________________________
1 Prizes paid out to lottery, bingo and Kinzo winners.
2 The gaming establishments sector includes the bar network, and gaming, bingo and Kinzo halls.
3 The revenues generated by lotoquebec.com are included in both the lottery and casino portions of the financial results.
Source: Loto-Québec
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This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: 2018-2019 fiscal year – Loto-Québec reports strong financial results
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Soaring Eagle Casino & Resort Chooses QCI Chatalytics to Enhance Casino Operations with Integrated AI Solutions
Soaring Eagle Casino & Resort has chosen Quick Custom Intelligence’s (QCI) Chatalytics, an AI-based platform, to transform casino operations and enhance guest satisfaction.
The QCI Chatalytics package—encompassing Slot Copilot, Player Copilot, the Dashboard, and the Robot Button—integrates OpenAI technology for real-time insights and efficient decision-making across the gaming floor.
Designed to boost both player and slot management, QCI Chatalytics delivers an advanced combination of AI-driven features. Slot Copilot empowers operators with live slot machine performance monitoring, predictive analytics, and automatically assigned tasks. Player Copilot focuses on personalized engagement by analyzing guest data to guide service strategies and reward offerings. With the Dashboard, teams benefit from an easy-to-read, real-time overview of key performance metrics, enabling swift, data-informed insights. Additionally, the Robot Button automates routine tasks, freeing up staff to concentrate on more valuable responsibilities and boosting overall productivity.
Dr. Michael Lynch, Director of Database Marketing at Soaring Eagle Casino & Resort, conveyed his enthusiasm: “Bringing QCI Chatalytics on board represents a vital step in leveraging AI to enhance our operations. With cutting-edge tools like the Robot Button, Slot Copilot, and Player Copilot, we can offer more tailored guest experiences while gaining a clearer understanding of our gaming operations.”
Dr. Ralph Thomas, CEO of QCI, outlined his perspective on the new partnership: “We are thrilled to introduce QCI Chatalytics to Soaring Eagle Casino & Resort. By weaving OpenAI’s capabilities into our solution, we deliver an unprecedented degree of automation and clarity. We believe Chatalytics will be a key factor in refining casino floor management and boosting guest satisfaction through instantaneous, data-driven decision-making.”
The QCI Chatalytics suite is part of Quick Custom Intelligence’s broader mission to spur innovation in the gaming sector, offering a robust set of tools that streamline operations and enhance the overall player experience.
The post Soaring Eagle Casino & Resort Chooses QCI Chatalytics to Enhance Casino Operations with Integrated AI Solutions appeared first on European Gaming Industry News.
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THE MONEYMAKER TOUR EXPANDS ITS SCHEDULE WITH A NEW STOP AT MGM NATIONAL HARBOR IN APRIL
The Moneymaker Tour’s first venture to the Northeast set to guarantee $400,000 across the series
Poker legend Chris Moneymaker today announced that he is bringing his new live tournament to Baltimore when The Moneymaker Tour comes to MGM National Harbor, Maryland next month.
American players from the mid-Atlantic and Northeast will get their shot at greatness and to follow in the footsteps of Moneymaker, the 2003 WSOP Main Event winner who came from amateur obscurity to beat the best poker players in the world.
Scheduled from April 21-28, this will be the fourth Moneymaker Tour stop for 2025 and will guarantee more than $400,000 across 12 trophy events, including a $1,500 Main Event which has $300,000 guaranteed.
This event marks the second partnership between The Moneymaker Tour and MGM, building on the success of The Moneymaker Tour stop at MGM Grand Las Vegas in July 2024, where the Main Event prize pool reached $2,163,830 – more than double its $1M guarantee.
“We’re thrilled to bring the Moneymaker Tour to the Northeast for the first time, kicking things off at MGM National Harbor,” said Tony Burns, Executive Manager. “As we continue to grow our partnership with the MGM brand, this stop marks an exciting milestone in expanding our reach and bringing an unforgettable experience to a new audience.”
“We’re excited for the Moneymaker Tour’s debut at MGM National Harbor,” said Alex Alvarado, VP of Casino Operations for the resort. “This tournament is sure to be filled with high-stakes action and unforgettable moments. We can’t wait to welcome players and fans to what promises to be a great event.”
Established in 2023 by 2003 WSOP Main Event Champion and ACR Poker Pro, Chris Moneymaker and Moneymaker Tour Executive Manager, Tony Burns, the Moneymaker Tour was conceived as a way to offer poker players their own ordinary-to-extraordinary moments, much like Moneymaker did. Since then, the tour has expanded across the US, with stops in Florida, Cincinnati, Houston, Ohio, and now Maryland, along with international events in Aruba and the newly announced stop at Playground, Canada.
After a milestone 2024 featuring 10 stops across the US and its first international series in Aruba, the Moneymaker Tour continues its rapid growth. Recent highlights include successful events in Florida, such as Palm Beach Kennel Club, and upcoming stops at Dania Beach on March 6 – 9 and Daytona Beach on April 2 – 14 before heading to the MGM National Harbor, Maryland. Next, the tour makes its debut in Canada with a CAD$1 million series guarantee from May 7 – 20 before returning to Aruba from September 18 – 28, alongside the Caribbean Poker Series.
2025 Moneymaker Tour Schedule:
- The Casino at Dania Beach, Florida, March 6 – 9
- Daytona Beach Racing & Card Club, Florida, April 2 – 14
- MGM National Harbor, Maryland, April 21 – 28
- Palm Beach Kennel Club, Florida, April 30 – May 13
- Playground Poker, Quebec, May 7 – 20
- The Casino Aruba at Hilton, Aruba, September 18 – 28
For more information visit: moneymakerpt.com
The post THE MONEYMAKER TOUR EXPANDS ITS SCHEDULE WITH A NEW STOP AT MGM NATIONAL HARBOR IN APRIL appeared first on European Gaming Industry News.
Clover Casino in Aguascalientes is now home to Zitro’s CONCEPT cabinet line, courtesy of renowned operator Golden Lion Entertainment Group.
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Beyond the striking new cabinets, Clover Casino has also bolstered its game library with the addition of Legendary Sword, Triple Charm Journey, and Fairyland Quest. These three titles are celebrated for their breathtaking graphics, innovative gameplay mechanics, and enticing prizes.
“We are absolutely delighted with this addition and confident it will transform the gaming experience at our casino,” says Golden Lion. “We already feature a wide array of Zitro products and are committed to regularly expanding our offerings to consistently provide our players with the very best.”
Zitro founder Johnny Ortiz Viveiros added, “The introduction of CONCEPT empowers us to offer operators a wider selection of hardware for our extensive game library, fostering a more diverse and engaging gaming environment. We are certain that CONCEPT will be a tremendous asset for Golden Lion, a true leader in Mexican entertainment.”
The post ZITRO’S CONCEPT CABINET LINE AND NEW GAMES ARRIVE AT CLOVER CASINO IN MEXICO appeared first on European Gaming Industry News.
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