Loto-Québec presents its results after the first two quarters of the 2020–2021 fiscal year
BC.Game

 

Loto-Québec’s financial results for the current fiscal year have been greatly impacted by COVID-19. The pandemic led to the suspension of nearly all of the Corporation’s business activities as of mid-March. At the end of the first half of the year, i.e. the period from April 1 to September 28, 2020, total revenues stood at $687.4M and net income was $181.2M.

The lottery, casino and gaming establishment sectors, whose activities gradually resumed during the first half of the year, saw their revenues decline due to the pandemic. Only online gaming revenues increased compared to the same period last year. The 2020-2021 annual report [in French only, PDF – 715 ko] is available on Loto-Québec’s website.

Loto-Québec had to suspend some of its activities again at the end of September and in October in regions that were on red alert. The activities affected are those of casinos and gaming halls, as well as video lottery terminals, network bingo and Kinzo.

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George Miller has started working in the gaming industry as an Editor/Content Manager in 2016 and since then he has acquired many experiences when it comes to interviews and newsworthy subject covering. In 2017, he became Head of Content and he is responsible for the editorial team, press release and story covering on multiple websites that are part of Hipther Agency, including EuropeanGaming.eu.

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