Quebec players enjoy a wide range of game offerings, and their enthusiasm was evident by showing that recently issued Roto Quebec third-quarter sales increased significantly year-on-year. Revenue generated during the third quarter of the 2018-2019 fiscal year totaled two prior quarters, reaching consolidated revenue of CA$2.165 billion. Meanwhile, net income for the first nine months of the fiscal year reached C$1.122 billion. The surge shows that the province is increasingly enjoying the game options available.
The past 12 months have been enthusiastic about local lottery companies that always want to meet the high expectations of players by offering gambling. Improvements are best observed behind the scenes, which are possible thanks to regular earnings reports, such as the most recent earnings report. Regarding overall revenue, Roto Quebec has surged 7.8% compared to the first nine months of the last fiscal year. That equates to a surge of C$156.9 million.
Lotto Quebec Could Meet C$1.261 Billion Target
In February 2018, there was a revenue report of C$2008 billion at the end of the first three quarters of the fiscal year. The lottery company was proud of its performance and improved games and praised this positive development direction. Meanwhile, net profit also surged during this period. In February, the report publicly reported a net profit of C$1.01 billion, according to a year-on-year comparison.
Compared to the current data, the net profit figure is at a balanced 10.1%, which is another positive sign. In terms of digits, it amounts to a C$103 million increase, which can be calculated. Given these figures, the future looks bright when you look forward to the last quarter of the fiscal year. Lynne Reuters, president and chief executive officer of Roto Quebec, said the company is expected to succeed in meeting its net profit target for the year for the time being. 슬롯
That amounts to C$1.261 billion, significantly higher than last year. Given the rate at which numbers are rising, this goal is currently feasible. The biggest contributor to the increase was the clear increase in lottery operations across the state and generous cash payments by many Quebecers. It added about 18% to the revenue surge due to the growing popularity of Lotto Max game jackpots and instant lottery purchases.
Lotto Max and Live Online Casino proved beneficial
People across Quebec seem more eager to try their luck and buy both traditional and instant lotteries. They have enjoyed fierce popularity for many years, but this seems much clearer when progressive jackpot starts to increase at an alarming rate. This month, I saw two colleagues in the Montreal area share a $26.6 million Lotto Max winnings.
In addition to lottery operations, casino venues overseen by lottery companies could also contribute to the overall upward movement. Casino de Montreal is now one of the most popular places as a result of the grand celebration of its 25th birthday. Casino customers enjoying offering during this particular period saw their Lotto Quebec earnings surge at the end of the third quarter, up about 4.2%.
It should also be considered that online games are currently on the rise thanks to the partnership between lottery companies and Evolution Gaming. The online live casino action has been available to anyone interested in a variety of games since early January on loquebecom. The result is a 32% increase in sales.