Loto-Québec Issues Q1 Fiscal Results for 2022-2023
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Loto-Québec issues first quarter financial results for the first fiscal quarter of the 2022-2023 fiscal year. The Crown agency reported total revenue of CA$744.3 million. It reported a consolidated net income of CCA$446.5 million, which is a +32.4% increase over the same quarter in 2019-2020.
Loto-Québec issues Q1 fiscal results for 2022-2023. Lottery segment brought in CA$256.6 million in revenue, which is a slight decline of CA $19.2 million from Q2 of 2021-2020. Online lottery sales accounted for 12. 6% of the total lottery revenue. Casinos and gambling halls delivered CA£263.4 million, up CA€186. 4 million on the previous year. Gambling establishment sector brought CA £228.5 million.
Loto-Québec has reached a contract agreement with its protesting professional staff. The 455 workers voted 96% in favour of the contract. It will run until December 31, 2027 and grant a salary increase of 2% per year for the duration of it.
