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Loto-Quebec reports falling revenue

16th September 2013 8:32 am GMT

A slowdown in consumer spending has caused a 0.6 per cent decline in revenue for Canada’s Loto-Quebec in its financial first quarter ended June 24th, despite a 275 per cent increase in online lottery sales.

Loto-Quebec’s first quarter total revenue amounted to CAD$837.22m, down 0.6 per cent year-on-year, with growth in the lotteries and bingo segments failing to offset declining revenues from the land-based casino and video lottery terminal (VLT) businesses.

The lotteries segment grew by 1.8 [...]

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