gambling.co.uk home casinos play poker play bingo play instant win games gambling news archive gambling.co.uk forums
 
- -
Bookmark current page
 
  Search
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
  Gambling.co.uk
Home
Gambling Articles
Gambling Experts
News Archive
Forums
Contact Us
  Affiliates
Bingo Aff Program


Gambling.co.uk: Gambling News Archive

Online earnings rocket for Loto-Quebec

Canadian operator behind EspaceJeux.com saw revenues from iGaming for the final 91 days of last year increase by over 187 percent year-on-year to $4.6 million.

Tuesday 28th February 2012



In Canada, the Loto-Quebec state lottery corporation has released its financial results for the final three months of 2011 showing a 0.8 percent year-on-year increase in total revenues to $901.2 million. Loto-Quebec is also the operator of the EspaceJeux.com website and revealed that revenues from online gaming for the final 91 days of last year rose over 187 percent year-on-year to $4.7 million. However, Loto-Quebec reported that total revenues for the previous three quarters dropped almost 0.7 percent year-on-year to $2.683 billion despite earnings from online gambling for the 270-day period rising some 725 percent to $13.3 million. Overall, Loto-Quebec declared that its earnings for the final three months of 2011 improved by 2.4 percent year-on-year to $339 million while those for the previous trio of quarters hit $1.004 billion, which was almost a two percent decline when compared with the same 270-day period in 2010. “This growth in overall earnings reflects, in part, the rigorous management of the corporation’s expenditures, accounting for a reduction of $4.2 million, or 1.8 percent, during the quarter. “At the end of the first nine months of fiscal year 2011/2012, the total revenues of $2.683 billion are almost identical to those of last year since the period of comparison has one fewer day. As for the reported overall earnings of $1.004 billion, the decrease is less than two percent.”




Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!