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Profits SInk At Loto Quebec
Saturday September 8, 2012 : REVENUES AND PROFITS SINK AT LOTO QUEBEC
But online gambling operations surge almost 31 percent
Online gambling operations were one of the few bright spots in Loto-Quebec's Q1-2012 results for the period ended June 25, the Canadian provincial gambling provider reported this weeks
Internet gambling on the Espacejeux.com website delivered revenues up 30.7 percent over Q1-2011 at Cdn$ 5.9 million.
Overall, the province-owned group's results were hardly exciting; net profit fell 7.2 percent to Cdn$304.9 million as sales dipped nearly 5 percent to Cdn $842 million, a fall which Management blamed on the quarter being two days shorter than the corresponding period last year.
Land casino revenues decreased 6.2 percent from a year ago. Revenues from casinos in Lac-Leamy and Mont Tremblant increased by 1.8 percent and 4.2 percent respectively, but they fell by 10.2 percent at the Montreal Casino and 5.2 percent in Charlevoix.
Lottery sales rose 2.1 percent; video lottery sector revenues fell 1.1 percent and the smaller bingo sector increased 3.9 percent.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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