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Loto-Québec going well as they report positive results for the start of the 2018‑2019 financial year
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Loto-Québec reports positive results for the start of the 2018‑2019 financial year. Consolidated revenues reached $686.5 M, an increase of $41.6 M (+6.4%) compared to the same period last year. Net income amounted to $359.8 M, a gain of $34.7 M (+10.7%).
KEY FIGURES |
||
2018-2019 |
2017-2018 |
|
Consolidated revenues |
$686.5 M |
$644.9 M |
Net income |
$359.8 M |
$325.1 M |
“Loto-Québec was able to attain positive results during this first quarter thanks to the efforts of all of its sectors. I’d like to thank all our teams for their excellent work,” said Lynne Roiter, Loto-Québec’s President and CEO.
HIGHLIGHTS
- Lotteries: Increase of 22.5% in revenues and 28.7% in net income
The lotteries sector performed best. Lotto Max offered record prizes, and the $60 M jackpot was once again won in Québec. The 100 $ ULTIME lottery was also very popular and produced several millionaires. Instant lottery sales are growing thanks to original concepts that customers love. - Casinos: Stable revenues and net income
Casinos have made several customers really happy with the Leave in a BMW theme, creating a lively ambiance that revved up the entertainment factor and enabled several of them to win a range of prizes. If there had not been one day less in the quarter, revenues would have risen by $2.9 M (+1.4%). Another factor to consider is the increase in the total prize amount that was paid to Casino de Montréal customers, which negatively impacted revenues. - Gaming establishments: 1.4% lower revenues and stable net income
In the gaming establishment sector, revenues from bars and brasseries were lower due to the withdrawal of terminals in areas targeted by the action plan for video lottery terminals. On the other hand, gaming halls performed well. - Revenues from the lotoquebec.com website, all types of games combined, rose by 34.9%.
Note: Due to new accounting methods, prizes paid out are now deducted from lottery, bingo and Kinzo revenues, as was already the case for casinos and video lotteries (more details are available on page 6 of the quarterly report). Figures for 2017-2018 were therefore adjusted. Gross profit and net income were not affected.
The quarterly report is available on Loto-Québec’s website.
Source: Latest News on European Gaming Media Network

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THE BATTLE OF POLYTOPIA ANNOUNCES GLOBAL WORLD CHAMPIONSHIPS WITH $10,000 PRIZE POOL
Midjiwan, the award-winning independent studio behind The Battle of Polytopia has today announced The Polytopia World Championship with a prize pool of $10,000 USD and a live final broadcast from Stockholm.
The Polytopia World Championship is set to launch this fall, uniting players from across the globe in an epic showdown of fast-paced strategic mastery. The tournament will be themed to Battle of the Tribes. Players will choose to compete with one of Polytopia’s 12 in-game tribes; each with a unique regional theme and skillset.
The tournament will begin with open qualifiers, giving everyone a chance to prove themselves. From there, players will advance through tribe-specific playoffs and head-to-head elimination rounds, each match bringing them one step closer to glory.
The top six players will earn a spot in the live finals in Stockholm on December 6: an in-person event streamed online for fans worldwide. In addition to live commentary of the tournament, the fan event will also provide behind-the-scenes content from the Midjiwan team.
The winner will be awarded a prize pool of $10,000; making this tournament the biggest competitive event in The Battle of Polytopia’s nine year history.
Christian Lovstedt, CEO of Midjiwan AB, commented: “This marks a major new step for Polytopia’s competitive scene, featuring a fresh tournament format and enhanced broadcasting that makes it even more exciting for viewers to watch, learn, and get inspired by the world’s top players.“
The matches will be played on the Polytopia Official Space on the Challengermode esports Platform.
The planned dates are:
September:
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Sep 13–14
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Sep 20–21
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Sep 27–28
October:
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Oct 4–5
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Oct 11–12
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Oct 18–19
November:
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Oct 25–26
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Nov 1–2
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Nov 8–9
Nov 22–23
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Faceoff
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Final Qualifier
Dec 6
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World Championship Live Event
The post THE BATTLE OF POLYTOPIA ANNOUNCES GLOBAL WORLD CHAMPIONSHIPS WITH $10,000 PRIZE POOL appeared first on European Gaming Industry News.
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Electrifying twist on the traditional Roulette
SA Gaming is thrilled to announce the launch of Ultra Roulette! It is a thrilling new twist on traditional Roulette! Instead of giving a fixed payout like traditional Roulette offers, Ultra Roulette gives random numbers each round with “Ultra” bonus multipliers!
Ultra Roulette uses a single-zero Roulette, and comes with all available bet options offered in traditional Roulette – Split Bets, Street Bets, Corner Bets, etc. The biggest twist comes when the betting time ends – 1 to 5 random numbers will be assigned with a special multiplier known as an “Ultra” bonus multiplier, ranging from 50x to 1,000x – applied to straight bets only. This is truly a breathtaking experience as the payout is known after the countdown ends, giving unprecedented fun and excitement!
The post Electrifying twist on the traditional Roulette appeared first on European Gaming Industry News.
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Wildz Group: iGaming Industry Leaders
A brand-new industry-facing name has been announced: Wildz Group™, powered by award-winning iGaming platform Rootz. In recognition of industry developments and company growth, Wildz Group™ has formed, as a collective of leading gambling entertainment brands.
The name directly references the Group’s iconic online casino and sports superbrand, Wildz.
Highlighting Our Products
The new Group will contain the Rootz Platform, powering the six existing gambling brands – Wildz™ Casino, Caxino™ Casino, Wheelz™ Casino, Spinz™ Casino, Chipz™ Casino, and Tuplaus™ Casino – with some exciting new additions in 2025 and beyond.
The leadership team believes Wildz Group will be the catalyst for even greater growth with suppliers, business partners, and collaborators across the gaming industry.
The post Wildz Group: iGaming Industry Leaders appeared first on European Gaming Industry News.
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