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Loto-Québec blames industry struggles for Q3 revenue decline

29th April 2014 7:38 am GMT

Canadian provincial lottery operator Loto-Québec has seen revenue for the third quarter of its financial year fall 3 per cent, with the company again blaming the drop on a decline across the country’s gambling sector.

Revenue fell to CAD$2.64bn (€1.73bn) for the quarter, driven predominantly by lotteries, which accounted for approximately 50 per cent of total income - the vertical seeing a 2.3 per cent fall in earnings over the period. Overall net earnings also [...]

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