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Second Quarter of 2019-2020 – Loto-Québec on track with its budget forecasts

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Second Quarter of 2019-2020 - Loto-Québec on track with its budget forecastsReading Time: 1 minute

 

Loto-Québec reported total revenues of $1.415B for the first half of the 2019–2020 fiscal year, while consolidated net income reached $736.0M.

QUOTE

“Since 2015–2016, our total revenues for the first six months of the year (for the same number of days) have increased by $127.2M (+9.9%). During the same period, tightly managed expenses have helped boost our consolidated net income by $110.3M (+17.6%). All our sectors contributed to this increase,” said Lynne Roiter, President and CEO.

HIGHLIGHTS

Lotteries

  • Revenues from this sector decreased compared to the same period in 2018–2019. The decline was expected, as an exceptionally high number of Lotto Max Maxmillions was offered last year.
  • A total of 24 prizes of $1M or more were won in Québec during the second quarter.

Casinos

  • This sector, which includes Loto-Québec’s brick-and-mortar casinosonline casino and gaming halls, saw its revenues grow.
  • Two themed event series attracted visitors to the casinos during the second quarter: Futuristik and Vegas.

Gaming establishments

  • The video lottery terminal (VLT) network reconfiguration plan will produce its full effects this year. Consequently, revenues from VLTs located in areas targeted by the removal of terminals declined. Revenues from bingo and Kinzo halls continue to grow.

Note: There were six more days in the first half of this year compared to the same period in 2018–2019.

The quarterly report is available on Loto-Québec’s website.

 

Source: Loto-Québec


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Second Quarter of 2019-2020 – Loto-Québec on track with its budget forecasts

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Proposed Gambling Reforms Not Seem to Resonate Well in Ukraine, President Zelensky’s Ratings Down

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Proposed Gambling Reforms Not Seem to Resonate Well in Ukraine, President Zelensky’s Ratings DownReading Time: < 1 minute

 

A recent public poll conducted by the Kyiv International Institute of Sociology has revealed that the Ukrainian president Volodymyr Zelensky’s rating is down from 73% to 52% in just two months. Not-in-favour ratings also jumped from 7% to 19% in November. The series of reforms proposed by the president seems to have played against him.

President Zelensky has been a strong proponent of legalising gambling and recently Ukraine’s Cabinet of Ministers approved the government’s new Action Programme. The programme included a draft law which calls for the legalisation of gambling in the country.

The draft gambling law also calls for gambling operators to pay a license fee of UAH 38m for operating a casino in Kiev, UAH 25m for a casino in one of the four other cities with a population of a million or more and UAH 12.5m for a casino anywhere else.

The president speaking in favour of the gambling reforms has advocated that with regulated gambling markets there will be a decline in illegal gambling and also the funds received in tax from gambling operations would provide for social programmes.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Proposed Gambling Reforms Not Seem to Resonate Well in Ukraine, President Zelensky’s Ratings Down

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Survey Reveals More Than 50% of English People Gambled in 2018

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Survey Reveals More Than 50% of English People Gambled in 2018Reading Time: < 1 minute

 

The Health Survey for England 2018 has revealed that more than half of people aged 16 or older in England gambled at some point during last year. The results of the survey also showed that millions of people are overweight, drink too much alcohol, eat badly or fail to do enough exercise.

The survey showed that 53% of people had gambled in 2018, which included buying a lottery ticket, with 56% of men reporting that they had gambled against 49% of women. While the figures have fallen in recent years, the chief executive of NHS England, Simon Stevens, issued a warning not to infer the problems that gambling present had gone away.

“These new stats are a stark reminder of how common gambling is in our society and how easy it is to become addicted, particularly with the aggressive push into online gambling,” Stevens said.

“The NHS never stands still as health needs change, which is why we’re rolling out new specialist services to tackle mental ill health linked to gambling addiction, as part of our long-term plan. But it is high time that all these firms who spend many millions on marketing and advertising step up to the plate and take their responsibilities seriously,” Stevens added.

For this year’s study, 8178 adults and 2072 children (aged up to 15) were interviewed from households across England.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Survey Reveals More Than 50% of English People Gambled in 2018

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GFINITY ARENA TO HOST NBA 2K LEAGUE EUROPEAN INVITATIONAL DEC. 13-14 IN LONDON

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GFINITY ARENA TO HOST NBA 2K LEAGUE EUROPEAN INVITATIONAL DEC. 13-14 IN LONDONReading Time: 2 minutes

 

WHAT:

  • The NBA 2K League, a professional esports league co-founded by the NBA and Take-Two Interactive Software, Inc. and the first official esports league operated by a U.S. professional sports league, will host the NBA 2K League European Invitational, the league’s first-ever qualifying event in Europe.
  • The two-day event will be held at Gfinity Arena in London – home to some of the U.K.’s leading esports events – and will feature 20 of the best NBA 2K players from Austria, Belgium, France, Germany, Spain, Turkey and the U.K.
  • The event, which will identify several elite players who will become eligible for the 2020 NBA 2K League Draft, will see players competing over two days of gameplay, including scrimmages and a double-elimination tournament, and participating in interviews with league representatives and team managers. The double-elimination tournament on Dec. 14 will be livestreamed on the NBA 2K League’s Twitch and YouTube channels.

 

WHO:

  • Twenty of the best NBA 2K players from Austria, Belgium, France, Germany, Spain, Turkey and the U.K.
  • NBA 2K League Managing Director Brendan Donohue
  • Knicks Gaming center and U.K. native Harry “HazzaUK” Hurst

 

WHEN: Friday, Dec. 13 – Saturday, Dec. 14; Media can attend during the following times:

  • Friday, Dec. 13 from 4:00 p.m. – 7:30 p.m. – Scrimmages
  • Saturday, Dec. 14 from 10:00 a.m. – 8:00 p.m. – Double-elimination tournament
  • NBA 2K League Managing Director Brendan Donohue media availability – Friday, Dec. 13 and Saturday, Dec. 14 from 2:00 p.m. – 2:30 p.m.
  • European Invitational players and Harry “HazzaUK” Hurst media availability – Friday, Dec. 13 from 5:15 p.m. – 6:15 p.m., Saturday, Dec. 14 from 7:15 p.m. – 8:00 p.m.

 

WHERE:

  • Gfinity Arena

Unit 13 Fulham Broadway Retail Centre

Fulham Road London SW6 1DN

 

CREDENTIALS/TICKET INFORMATION:

  • Fans can attend for free by registering at https://n2kleuropeaninvitational.splashthat.com/.
  • Media are welcome to attend; Interview opportunities are available with players, coaches and executives.
  • Interview requests outside of the designated media availability will be evaluated on a case-by-case basis onsite.
  • Media must RSVP to Ignasi Castello (icastello@nba.com) and Cath Shefford (cshefford@nba.com).


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: GFINITY ARENA TO HOST NBA 2K LEAGUE EUROPEAN INVITATIONAL DEC. 13-14 IN LONDON

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