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Online gaming fails to stem Loto-Québec revenue decline

22nd August 2011 8:52 am GMT

Canadian state lottery operator Loto-Québec said Friday that it expects full year revenues from gaming activities to be lower this year after recording a 4 per cent fall in revenues to CAD$882.3m for the first quarter ended June 27th, including revenues of $4.5m generated from its recently launched EspaceJeux.com online gaming site.

Loto-Québec said that the decline in revenues was expected and follows previous announcements by the state lottery operator regarding the country’s unfavourable economic situation, [...]

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