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Gambling Monopoly in Quebec Grows

The online gambling monopoly in the Canadian province of Quebec has confirmed growth in its fiscal Q1 even though international interlopers have continued to claim two thirds.

The Loto Quebec monopoly issues its financial report for the three months which ended on June 30, a period during which its revenue fell 4.4%

The decline was blamed on the lottery segment due to a lack of bonus draws during the Lotto Max Product. Lottery revenue was down to 11.6%. The Espacejeux gambling site reported that their revenue rose to 23.8% and it had gains in online lotteries as well as casino products. Loto Quebec also announced in July that it had struck a three year deal with Inspired Entertainment in order to supply Virtual Sports casino content to Espacejeux.

Espacejeux’s licences competitors have irked Loto Quebec’s brainstrust. The Le Journal De Quebec claimed that the most popular sites in Quebec included The Stars Group’s PokerStars, UK giant Bet365, LeoVegas and the Mansion Group’s SlotsHeaven.

Quebec’s government still aims to block domains of the sites even though courts have deemed the proposals to be unconstitutional.
The Gambling body in Canada’s easternmost provinces also continue to search for a new leader after the Atlantic Lottery Corporation revealed that its President Brent Scrimshaw would be retiring after 13 years. A committee has since been put in place to identify a replacement.

British Colombia Lottery Corporation revealed that CEO Jim Lightbody would be taking medical leave in order to receive cancer treatment. Director Greg Moore will step down from the board temporarily in order to assume the role until Lightbody returns in early 2020.

Source: https://calvinayre.com/2019/09/18/business/loto-quebec-online-gambling-growth/


About the author

Eshlin Vedan

Eshlin Vedan

Eshlin Vedan is a professional Journalist from South Africa. He loves writing about Sports especially cricket and football/soccer. Eshlin is a neutral when it comes to club football. He is especially fond of the English Premiership and his favourite part of the season is the relegation battle.

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