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2018-2019 Fiscal Year – Third Quarter: Loto-Québec set to meet goals

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After three quarters of its 2018-2019 fiscal year completed, Loto-Québec reports consolidated revenues of $2.165 B and net income of $1.122 B. These numbers represent respective increases of $156.9 M (+7.8%) and $103.0 M (+10.1%) compared to the same period in the previous fiscal year.*

KEY FIGURES AFTER THREE QUARTERS



2018-2019

2017-2018

Consolidated revenues

$2.165 B

$2.008 B

Net income

$1.122 B

$1.019 B

QUOTE

“In light of these positive results, we can state that we are on track to achieve our annual target for net income set at $1.261 B, and thus pay the government the dividend expected,” said the President and CEO of Loto-Québec, Lynne Roiter.

HIGHLIGHTS

  • Lotteries Autumn saw several exceptionally large Lotto Max jackpots, including a draw in which the total prize money to be won reached a record $116 M. An increase in instant lottery sales and a good performance by Lotto Max are the main reasons for the increase in revenues in this sector (+18.0%).
  • Casinos The holiday period was especially busy in Québec’s casinos, as the Casino de Montréal began its 25th anniversary celebrations. Good results were achieved throughout the sector (+4.2%), supported by themed activities showcasing various forms of entertainment.
  • Gaming establishmentsAn important step in the video lottery terminal (VLT) network action plan has been completed with the final mandatory withdrawal of terminals from targeted areas. The total number of VLTs is now under 10,000. The increase in revenues in this sector (+2.3%) is explained by the six additional days in the period’s calendar as well as a rise in gaming hall activities.
  • Online gamingBoth casino games and lottery products continued to grow. Total revenues from lotoquebec.com increased by 32.0%.

*The first three quarters of 2018-2019 have six more days than the same period in the previous fiscal year.

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: Loto-Québec


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: 2018-2019 Fiscal Year – Third Quarter: Loto-Québec set to meet goals

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Wizard Games brings back unique pay-as-you-see mechanics in Digipays

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NeoGames S.A subsidiary Wizard Games has brought back its fan-favourite visible payout mechanics where combinations of digits are awarded, in the latest release Digipays.

The 3×3 slot offers extremely basic payout mechanics, with no paying symbols on the reels apart from blank diamonds or numbers. Two consecutive digits on the same payline will award the number that it reflects. For example, if the numbers 0 and 1 land on the last two reels, players will win 1x. If 1 lands on the first column, followed by two 0s, they will win 100x.

Digipays offers a respin feature if the golden coin lands on the third reel. This awards three respins, where any number landing becomes sticky for the duration. Wins are awarded after every respin, without the count resetting.

In addition, players can boost their chance of triggering the respins via an increased stake feature. The title is the latest by Wizard Games to use this unique and popular mechanics, following high-performing Teddy’s Tavern and Bier Haus Riches.

Megan Easey, Director of Operations at Wizard Games, said: “This visible digits combination pay mechanics has proven to be a firm favourite with players, with its incredibly easy to understand payouts ensuring that every spin triggers excitement.

“With our respins mode offering significant chances of big wins on all three reels, we’re confident that Digipays will be another bold, popular addition to our slot offering.”

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Uncover the gold in 3 Oaks Gaming’s 3 Clover Pots: Hold and Win

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Distributor unleashes Magic Pots feature in Irish-themed title

3 Oaks Gaming, an established distributor of iGaming content, has unveiled its latest slot, 3 Clover Pots: Hold and Win, featuring an Irish-inspired makeover of its popular 3 Pots mechanic.

In this 5×3 title players will be greeted by the friendly Leprechaun, serving as the game’s Wild Symbol. The path to big wins is illuminated by the shimmering Gold Clover Bonus Symbols; amassing a minimum of six of these symbols sets the stage for the Hold & Win round.

The powerful Magic Pots feature is poised to transform respins into a cascade of epic rewards. As the Red, Green, and Purple Special Bonus Symbols land they fill the corresponding clover pot metres. When full, players will be transported to the Bonus Round with a matching booster – Double, Mystery, or Collect – with the potential to activate all three simultaneously.

During the Hold and Win round’s respins, Mystery Symbols could unveil a Jackpot – Mini, Minor, and Major. To claim the coveted x5,000 Grand Jackpot, players must fill the entire screen with Clovers.

Players can trigger the Free Spins game with three Scatter Symbols, during which Wild Symbols carry a x2 multiplier.

Yuriy Muratov, Chief Commercial Officer at 3 Oaks Gaming, said: “With mesmerising graphics and meticulous attention to detail, 3 Clover Pots is designed to captivate and immerse players with a wide range of features.

“We’re excited to introduce this latest addition to our collection and eagerly anticipate its success amongst our esteemed partners.”

The post Uncover the gold in 3 Oaks Gaming’s 3 Clover Pots: Hold and Win appeared first on European Gaming Industry News.

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Wazdan grows in Bosnia and Herzegovina with Admiralbet

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Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, is set to raise its profile in Bosnia and Herzegovina after partnering with leading brand Admiralbet.

The first batch of Wazdan’s high-performing slots to have gone live with the operator includes player-favourites such as Sizzling Moon™, 9 Coins™, 9 Coins™ Grand Gold Edition, and Magic Spins™ with further titles to be announced in the coming months.

Admiralbet players are now able to enjoy a much-strengthened selection of games that offer Wazdan’s engagement-boosting mechanics, including Cash Infinity™, Collect to Infinity™ and Hold the Jackpot.

This latest European expansion follows several similar partnerships for Wazdan in a first quarter which has seen a significant level of commercial growth following its recent rebrand and consistent game release roadmap.

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Bosnia and Herzegovina is the latest territory to see us grow our influence in.

“We’re enjoying an incredible rate of growth now, backed by a rock-solid games portfolio and welcoming major partners like Admiralbet just elevates that success. We’re confident we have the best possible ally in the country thanks to this development.”

Admiralbet’s Online Casino Manager, Nikola Zakic, said: “Admiralbet is a company that strives for constant improvement and development to keep up with world standards.

“Gaining access to Wazdan’s products furthers that strategy fantastically well. It gives us a range of games that we know our players will enjoy and maintains our place as a leader in Bosnia and Herzegovina.”

The post Wazdan grows in Bosnia and Herzegovina with Admiralbet appeared first on European Gaming Industry News.

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