Connect with us
Midnight Princess - Power of Love slot game by Play'n GO
Midnight Princess - Power of Love - Slots game by Play'n GO

Canada

Exceptional Results for Loto-Québec

Published

on

 

End of the third quarter of fiscal 2022–2023

Loto-Québec posted total revenues of $2.225 billion and a consolidated net income of $1.204 billion at the end of the third quarter of 2022/2023.

It is its best performance since the Tobacco Control Act came into force, significantly impacting traffic at gaming establishments. These represent increases of $521.9 million (+30.7%) and $295.8 million (+32.6%), respectively, over the same period last year. Increases over the three first quarters of the pre-pandemic fiscal year (2019/2020) amount to 5.8% for revenues and 11.3% for net income.

Sound management efforts continued across all sectors, which resulted in an excellent ratio of total expenses to revenues of 28.2%, compared to 30.9% over the same period in fiscal 2019/2020.

“Our teams’ sustained efforts led us to these exceptional results and to our best performance in 17 years. All indications are that we will be able to pay a higher dividend than expected to the government and that benefits all Quebecers. I’m very proud of our work,” the President and CEO of Loto-Québec, Jean-François Bergeron, says.

“Thank you to our teams for incessantly improving our on-site and online entertainment offer, providing our customers with a quality experience and magical moments. The excitement our renewed programming and offer created is palpable at our casinos and gaming halls. Many acts of generosity highlighted this quarter, including our participation in the government of Québec’s Entraide campaign. We also supported other causes with our Détaillants de Cœur initiative and remained committed to the fight against food insecurity by organizing, among other things, activities benefiting the Moisson organizations.”

Results by sector for the period between April 1 and December 26, 2022:

Lottery
Lottery revenues amounted to $742.2million, which is a $2.6M (+0.4%) increase over the same period in 2021/2022. Lotto Max performed well. It paid more grand prizes of $50 million or more and more Maxmillions than during the same period in 2021/2022. Online lottery sales revenues represent 13.0% of the sector’s total revenues, compared to 3.7% for the same period in 2019/2020.

Casinos and gaming halls
Casino and gaming hall revenues stand at $829.3 million for a $313.9M (+60.9%) increase over the same period in 2021/2022 and a $69.0 million (+9.1%) increase over the same period in 2019/2020. The increase over last year can be explained in part by gaming location closures in 2021, whereas operations have returned to normal since the current fiscal year began. Online casino sales revenues represent 24.3% of the sector’s total revenues, compared to 9.1% for the same period of the pre-pandemic fiscal year.

Gaming establishments
Gaming establishment revenues amounted to $686.5 million, which is a $214.5M (+45.4%) increase over the same period in 2021/2022. Revenues from video lottery terminals remain similar to their pre-pandemic levels. The increase can be explained by the same factor as for casinos and gaming halls: establishment closures in 2021.

Quarterly highlights and CSR contributions for the period between September 27 and December 26, 2022:

Loto-Québec paid $397.1 million to lottery, network bingo and Kinzo winners over the quarter, totalling $1.103 billion since April 1. There were 32 new millionaires during the quarter, for a total of 69 since the beginning of the fiscal year.

Another phase of the 100% Legal campaign was rolled out. This time, its message focused on the local aspect: 100% of the amounts played on LotoQuebec.com remain in Québec and benefit the entire population.

New sportsbooks were set up, to the delight of sports fans. The first one was at the Casino du Lac-Leamy in November and the second at the Salon de Jeux de Trois-Rivières in January, shortly after the end of the quarter.

The 40 Célébration attendees were able to enjoy the gala in person this year at the Théâtre du Casino du Lac-Leamy. Sébastien Benoit, Gregory Charles and Véronic DiCaire hosted the event, which wowed not only attendees, but also all 1,290,000 viewers.

The corporation signed a new agreement with Gestev to handle programming at the Théâtre du Casino du Lac-Leamy. Just as it has been doing at the Cabaret du Casino de Montréal for the last year, this major event producer now offers a varied line-up of performances to the public of the National Capital Region as well.

The third edition of the campaign inviting players to manage their gaming took place in October, focusing on the importance of setting limits. It aimed at encouraging players on LotoQuebec.com to voluntarily set time and loss limits.

Loto-Québec supports several causes and non-profit organizations. Such initiatives, now under the Giving Back is a Win-Win program, made it possible for causes dear to Quebecers to receive over $1 million this fall.

Three of our establishments renewed their BOMA BEST certification this quarter, which recognizes excellence in energy and environmental management and performance in commercial real estate. The Casino du Lac-Leamy received the top certification level: Platinum.

Loto-Québec is committed to highlighting the creative and innovative spirit in the field of gaming and entertainment and, more broadly, of innovation by supporting the next generation. The corporation attended the MEGAMIGS festival and HUB Montréal, in addition to awarding several grants.

Canada

Casino Time Elevates Social Gaming in Ontario with Launch of iGaming Website

Published

on

 

Casino Time, a full-service online casino for Ontario residents, proudly announces the highly anticipated launch of its iGaming website, CasinoTime.ca. Affiliated with 10 Charitable Gaming entertainment venues across the province, Casino Time extends its legacy fundraising model and beloved social gaming experience to the digital realm.

At the time of launch, Casino Time features a premium selection of games in each of its core product verticals including Slots, Live Dealer Casino Games, and Bingo. Adding to its diverse portfolio, Casino Time is also set to introduce a Sportsbook in late 2024. With a robust suite of features including interactive chat, local customer service, 24/7 accessibility, loyalty rewards, and rapid payment solutions, the online platform provides a powerful casino experience that is community-oriented.

Casino Time is committed to meeting the expectations of players who value the superior gaming experience associated with its charitable gaming affiliates. The iGaming website harnesses industry-leading technology from Gaming Innovation Group (GiG) to deliver an intuitive user experience and offers progressive jackpots and full-service game offerings from Pragmatic Play, Evolution, IGT, and Blueprint Gaming, including mega hits like Lightning Roulette, Gonzo’s Quest, and Cleopatra.

Pragmatic Play will also be the driving force behind Casino Time’s Bingo offering, handpicked by the operator for its best-in-class user experience, comprehensive promotional suite, live chat functionality, and exclusive play-on-demand feature. Casino Time is the first Canadian iGaming operator to offer regulated access to the globally renowned bingo product, Bingo Blast, cherished by players everywhere.

“We have been leading the revival of community gaming in Ontario for 20 years with cutting-edge gambling entertainment at the local level. Now through an exclusive partnership with iGO, we’re bringing our offerings online across Ontario, providing more access to the social gaming revolution that has won us a legion of fans,” says D’Arcy Stuart, CEO of Casino Time.

Rooted in legacy, Casino Time’s team is dedicated to delivering an unparalleled online and offline gaming experience with over 50 years of serving the gambling community in Ontario. Committed to VIP loyalty, high-touch customer care, responsible gaming practices, and safety and security, Casino Time provides community and peace of mind to its players.

“In our physical locations, our gambling product is, of course, second to none, but the special sauce is the social experience, which we’re replicating with the iGaming platform,” adds George Prue, General Manager of Jackpot Time Sarnia. “We know our customers personally and we love being part of their recreation and banter. Plus, proceeds get invested straight back into the community. That’s a gambling model we can proudly stand behind.”

Casino Time is not merely an online entity; it is an extension of the vibrant Ontario gambling community. Casino Time’s iGaming website goes beyond the ordinary, fostering a community-oriented gaming experience that is both social and inclusive.

 

Continue Reading

Canada

Soft2Bet strengthens integrity monitoring with IBIA membership in Ontario

Published

on

Soft2Bet will start IBIA membership with Ontario rollout before worldwide implementation

 

Soft2Bet, a leading casino and sportsbook platform provider, has joined the International Betting Integrity Association (IBIA) and activated its membership in Ontario, Canada, following its licensing in the Canadian province.

Soft2bet obtained its Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO) at the end of March, where the company’s Ontario-focused brand Tooniebet.com will now feed into IBIA’s world-leading sports betting integrity monitoring platform before worldwide implementation in the coming months.

IBIA includes over 50 of the world’s leading sports betting and gaming companies, who operate over 125 sports betting brands. Soft2Bet’s decision to join the association further strengthens its own internal betting integrity protocols and IBIA’s position as the world’s leading sports betting integrity monitoring body.

David Yatom Hay, General Counsel at Soft2Bet, commented: “Soft2Bet is delighted to be joining the IBIA as we strengthen our own betting integrity monitoring processes and play our part in furthering the IBIA’s long-standing work on this key issue. Ontario is a world class iGaming jurisdiction; it will be the first market where we will implement our IBIA membership and we look forward to deploying the monitoring infrastructure worldwide in all the other markets in which we operate.

Khalid Ali, CEO of IBIA, said: “Soft2Bet is a very welcome addition to IBIA, further strengthening our position in the Ontario market. The operator’s decision to join IBIA demonstrates its desire to utilise the best integrity protection available for its sportsbook product. The association is delighted to be able to integrate Tooniebet within our integrity monitoring system and looks forward to working closely with Soft2Bet to maintain the high integrity of its sportsbook.”

IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators and for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Through the IBIA monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members generate more than $300bn in annual betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.

IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sportsbetting operators licensed in Ontario are required to be part of a betting integrity monitoring body.

IBIA’s Q1 2024 report detailed 56 alerts during the quarter. IBIA alerts contributed to the investigations and subsequent successful sanctioning of 21 clubs, players and officials in 2023, an increase on the 15 sanctioned in 2022.

Continue Reading

Canada

SCCG Management Signs Contract with British Columbia Lottery Corporation

Published

on

 

SCCG Management has signed a contract with the British Columbia Lottery Corporation (BCLC), the B.C. Crown corporation which conducts and manages commercial gambling in the province, including lotteries, casinos, and online gaming. This partnership aims to undertake a comprehensive assessment and strategic enhancement of BCLC’s diverse operations.

The work between SCCG and BCLC will involve a thorough review of technological infrastructures, strategic market positioning, and the integration of various gaming modalities. SCCG’s extensive expertise will be pivotal in harmonizing BCLC’s online and physical gaming experiences.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with BCLC represents a remarkable opportunity to push the boundaries of innovation within the gaming industry. We are committed to deploying our resources and expertise to enhance BCLC’s operational efficiencies and customer engagement strategies. It’s an honor to partner with an organization that has a robust impact on the community through its support of public initiatives.”

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2024, HIPTHER. All Rights Reserved.