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Monday August 22,2011 :  Cdn$4.5 million from Espacejeux ameliorates group losses
Revenues from Loto-Quebec's recent venture into online gambling  helped ameliorate group declines in revenues, according to the provincial government company's latest results. revenues of Cdn$4.5 million helped bolster results in which the group reported a decline of almost 4 percent in first quarter of 2011 revenues despite an infusion of new money from the online gambling venture.
The provincial gambling corporation generated $882.3 million in revenue in the first 88 days of its 2011 fiscal year, compared to $916.8 million for the first 89 days of 2010, the Montreal Gazette reported this week.
Net quarterly profit dropped almost six percent year-over-year, to $328.6 million from $347.6 million.
CEO Alain Cousineau reported that lower gambling revenues were largely anticipated and had been signalled to the Quebec provincial government.
“In general, the first quarter results are consistent with our expectations,” Cousineau said in a statement.
Only the Bingo sector saw an increase in year-over-year revenue, with the top-line jumping 5.6 percent to $8 million, largely due to the new Kinzo game and Kinzo rooms.
Revenue from lottery products dropped 5.1 percent to $427.7 million, while casino revenue dipped 4.6 percent to almost $207.4 million.
Quarterly revenue from video lottery terminals dropped to $242.8 million from $250.1 million, year-over year. That could be explained in part, the corporation said, by the additional day of revenue in fiscal 2010. One day of revenue from VLTs is about $3.8 million, it said.
Cousineau will leave his post as Loto-Québec CEO on November 6, to be replaced by Gérard Bibeau, a provincial bureaucrat described as the most senior official in Quebec’s public administration.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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