Loto Quebec reports revenue rise as it maintains case for international ISP blockade

politics QUEBEC
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Loto Quebec has reported a one third increase in online gambling revenue for the first half of FY18/19, recording a 4.6 percent increase to $1.06bn.

The Canadian gambling monopoly added that net income had also increased 6.3 percent to achieve $551m over the six month period.

The group’s lottery revenue led the surge, delivering $356.6m, a 15.6 percent increase on the previous year, while casino revenue plateaued at $346.4m.

As a result of the continued reduction in bar, club and bingo hall VLTs initiated by the government, the ‘gaming establishment’ segment fell one percent to $370.7m.

Online revenue, accrued through the Espacejeux domain, rose 32.6 percent to $37.6m, with its online lotteries contributing $11m, a 58.7 percent improvement year on year, and online casino rising 24 percent to $26.6m.

Espacejeux’s revenue for Loto Quebec’s second quarter reached $21.1m, a 28.2 percent increase on Q1 FY18/19.

The monopoly had intended to maintain its significant online growth by proposing blocking orders through local ISPs prohibiting the entry of internationally licensed rivals, approved in 2016’s Bill 74.

However, a July ruling by the Quebec Superior Court overruled the provincial finance minister Carlos Leitao’s claim to be acting lawfully, despite opposing federal government, as the province was acting in “a public health perspective, which is in our jurisdiction.”

Though the proposal was overturned, the H1 report from Loto Quebec still maintains the act “will come into force on a date to be fixed by the government.”


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