Wire NORTH AMERICA
Loto-Québec Bounces Back
For the first quarter of the 2021–2022 fiscal year, Loto-Québec generated total revenues of $401.3m, up $243.9m and 154.9 per cent compared to last year.
Revenues in the lottery sector were $284.3m, up $179.6m or 171.6 per cent compared to the same period last year.
CANADA OPERATOR NEWS
RHODE ISLAND – Twin River Casino has officially has officially rebranded as Bally's Twin River Lincoln Resort as Bally’s Corp. broke ground on a $100m expansion at the Lincoln, Rhode Island casino. The expansion project will add 40,000 sq.ft to the gaming floor, a 14,000sq.ft spa, and an enhanced food hall area.
NEW JERSEY – Bragg Gaming Group has selected GLI to provide a broad range of testing, audit, and regulatory advisory services. GLI’s services will further empower Bragg to pursue its business goals throughout Canada, Europe, and the United States, armed with a better understanding of compliance and gaming market intelligence needs. GLI will provide services such as pre-compliance and compliance testing of iGaming and/or sports betting systems, regulatory advisory services, technical standards support, and technology assistance, support, and consultation.
“GLI’s standing expertise and experience in the North American markets are well-known, so it wasn’t a difficult decision to collaborate with such world-renowned experts,” said Bragg’s Chief Technical Officer, Peter Lavric. “GLI already works closely with Spin Games, a company we expect to join Bragg Gaming Group soon (as previously announced). We have already completed the integration, which will technically allow the distribution of our exclusive Oryx Hub games in regulated U.S. states via Spin. This is pending final approval from the regulators, and our new relationship with GLI at Bragg Gaming Group level is an important part of that process.”
“Given the strengths of Bragg and its subsidiary Oryx Gaming, we believe there is incredible value we can provide to help with their growth trajectory,” said Raul Bouchot, GLI Senior Account Executive. “The services we provide Bragg will cross the wide spectrum of our integrated compliance services and are illustrative of the depth and breadth of GLI’s service offerings.”
US – Deutsche Bank analyst Carlo Santarelli has said that North American casinos and other forms of gambling are leading the recovery from the pandemic with gaming now outpacing the revenues earned in 2019, when $109bn was spent in casinos and $142bn on wider betting channels. Since March of this year, gaming has beaten its 2019 rate by double digits in most states where casinos are legal with Illinois and Pennsylvania among the few exceptions. Mr. Santarelli said: “Over the better part of the last 12 months, the gaming segment, including not only casinos, but also lotteries and horse racing, has materially outperformed broader recreational spend trends, taking a considerable share of the lost spend in venues like amusement parks, movie theaters, concerts, and live sports.”
P24 WIRE / PULSE / INSIGHT / REPORTS
For the first quarter of the 2021–2022 fiscal year, Canadian operator Loto-Québec generated total revenues of $401.3m, up $243.9m and 154.9 per cent compared to the same period last year, during which most of the corporation’s activities were shut down. Tis is a decrease of $254.9m or 38.8 per cent compared to the first quarter of 2019–2020, before the pandemic.
Consolidated net income for the first quarter of this year was $195.7m, an increase of $260m, up 404.5 per cent compared to the same period last year and a decrease of $141.7m, down 42 per cent compared to the same period the year prior to the pandemic.
All suspended activities gradually restarted in June: casinos, gaming halls, video lottery, network bingo, Kinzo and the Hilton Lac- Leamy. Te resumption is going well so far, which has contributed to the enthusiasm of customers and employees alike. It should be noted, however, that capacity and hours of operation remain limited.
“I was absolutely delighted and very proud to join Loto-Québec on May 31. It quickly became apparent to me that all our teams are made up
Sporting Solutions and FDJ launch online sports betting with OLG
Ontario
Sporting Solutions and FDJ Gaming Solutions, both owned by FDJ group, have announced the launch of Ontario Lottery and Gaming Corporation’s (OLG) new PROLINE+ online sportsbook. PROLINE+ is among Canada’s first single event platforms and is the only legal sportsbook in Ontario.
OLG’s new sports betting offer is a fully managed solution that leverages Sporting Solutions’ trading services and FDJ Gaming Solutions Advanced Betting Platform (ABP) to provide a seamless wagering experience for players, allowing them to engage online using any device.
PROLINE+ is the province’s only regulated online sports betting website and this new
of experienced, dedicated and passionate employees, who demonstrated resilience and creativity during the exceptional year we just went through,” said Jean François Bergeron, President and CEO of Loto-Québec.
Revenues in the lottery sector were $284.3m, up $179.6m or 171.6 per cent compared to the same period last year. Te company explained: “It should be noted that this excellent result, achieved in part thanks to the strong performance of Lotto Max, exceeded the result for the first quarter of 2019–2020, i.e. before the pandemic, by $68.3m, up 1.6 per cent. In total, lottery games created 41 new millionaires.
“Te conversion to online lottery games continued, although retailers were open throughout the quarter. At $35.5 million, online gaming revenues were up $5.5m, up 18.2 per cent compared to the same quarter last year.”
Although operations at land-based casinos and gaming halls only resumed a few days before the end of the quarter, the sector’s revenues of $76.2m were up $23.5m, up 44.5 per cent compared to the first quarter of last year, when only the online casino was operating.
offering builds on the trust and confidence created by OLG’s well-established retail sports betting products.
Te sportsbook provided by FDJ Gaming Solutions and Sporting Solutions allows players to wager on a wide range of American leagues, including the NFL, NHL, MLB, and NBA as well as European soccer and college football. Players can bet via web and mobile web, giving choice and convenience on how and when they play.
“Launching the new PROLINE+ means we can welcome more Ontario sports bettors in the space where they want to bet,” said Duncan Hannay, OLG President and CEO. “Our partnership with Sporting Solutions and FDJ group allows us to deliver one of Canada’s first legal offering of single event wagering with dynamic, competitive odds, live betting and hundreds of markets across thousands of events.”
New Jersey
Atlantic City's casinos and racetrack sports betting saw a 31 per cent increase in revenues in August, compared to last year with GGR reaching $426.7m, up from $326.3m in August 2020. Casino win for August was $262.4m compared to $199.1m in August 2020. All nine casinos saw revenue increases compared to 2020 with Borgata leading with casino win of $52m, followed by Hard Rock at $52.4m and Ocean Casino at $45.7m.
Golden Nugget’s win increased by over 70 per cent to $15.8 million compared to 2020, with Tropicana jumping 44 per cent to $38m, and Resorts over 35 per cent to $18.6m.
Internet gaming win was $113.2m in August compared to $87.8m in the prior period, reflecting an increase of 29 per cent. Sports betting revenue was $52m for the month.
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