Operator exceeded $3bn in total revenues for the first time
Canadian operator Loto-Québec has just exceeded $3bn in total revenues for the first time, whilst its consolidated net income, which is entirely reinvested in the community, has surpassed $1.5bn for the fourth consecutive year.
The corporation has also paid out over $1.9bn to lottery winners, a record amount, thereby making 111 new millionaires during the fiscal year.
In July, a Montérégie resident and a Montréal resident split the $70m Lotto Max jackpot. This was the biggest jackpot awarded during the fiscal year. In September, 14 residents from a small Basse-Côte-Nord community became millionaires when they won $50m with Lotto Max.
In December, Loto-Québec announced the opening of a fourth gaming hall, which will be located in Saguenay, on the grounds of the Delta Hotels property and its conference centre.
Loto-Québec is moving forward with its strategy of focusing video lottery terminals in locations that promote socialisation and uphold tightened quality standards.
Jean-François Bergeron, CEO and President, said: “This excellent performance shows the strength of our organisation and our ability to maintain our growth trajectory, while generating significant spin-offs for Québec. It is essential that Loto-Québec strengthen its position in online gaming, including sports betting, to ensure greater oversight and that the profits generated benefit the people of Québec. We’re promoting a responsible approach, aiming to capture the market rather than stimulate its growth.”
“Our cornerstone real-estate projects—the addition of a hotel adjacent to the Casino de Montréal, new gaming halls in Rimouski and Saguenay, and the expansion of the Hôtel-Casino du Lac-Leamy conference centre—are part of our commitment to enhancing the experience we offer our customers and contributing to Québec’s economic and touristic vitality.”
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Operator exceeded $3bn in total revenues for the first time Canadian operator Loto-Québec has just exceeded $3bn in total revenues for the first time, whilst its consolidated net income, which is entirely reinvested in the community, has surpassed $1.5bn for the fourth consecutive year. The corporation has also paid out over $1.9bn to lottery winners,…
The post Loto-Québec sets new record in 2025 appeared first on G3 Newswire.