Montreal City Weblog

Kate 15:38 on 2023-06-15 Permalink Reply  

• shawn 16:32 on 2023-06-15 Permalink

  Ha. That’s great. Good for them. Get paid.

• Ephraim 17:45 on 2023-06-15 Permalink

  Is the casino actually profitable? I know they have $657.2M in revenue, but revenue isn’t actual profit, just how much cash went through the place. And that’s less than $2M dollars a day and that’s 4 casinos in the province plus the online casino.

• shawn 18:30 on 2023-06-15 Permalink

  I found a 2018 Gazette article with a higher figure, stating that Quebec casinos generated almost $910 million in revenue. Did it really go down that much, post-Covid?

• Bryan 20:44 on 2023-06-15 Permalink

  There really does appear to be a sharp decline in casino revenue if you compare the 2017-2018 and 2021-2022 annual reports of Loto Quebec. However, revenue rebounded to $1.1B in the 2022-2023 fiscal period. Of that, it appears that the physical establishments contributed about $668M and the balance came from the online casino and ancillary hospitality. As a division, the casinos and gaming facilities seem to post a net income of a little less than $500M.

• shawn 20:55 on 2023-06-15 Permalink

  Still way below 2019, even with the uptick, then. Casinos alone (excluding other “gaming establishments”) had been almost double that, from what I gather: https://societe.lotoquebec.com/en/media-and-partners/press-releases/2019/juin-2019/rapport-annuel-2018-2019-2019-06-13

• Ephraim 10:49 on 2023-06-16 Permalink

  A small casino in Vegas does better than 4 casinos in Quebec…. very telling, if you ask me

• Kate 10:52 on 2023-06-16 Permalink

  True, but Vegas is known worldwide as a gambling mecca, which Quebec is not. People go to Vegas specifically to lose their shirts, whereas a casino visit here is a side quest for most visitors.

• Ephraim 11:48 on 2023-06-16 Permalink

  And from these numbers, not very profitable or well run. If it takes 4 casinos and a monopoly… and I still question if it’s profitable
  I just notice that they have one show that I would like to see… but exactly when I’m out of town. Big names coming… Roch Voisine and Mario Pelchat… am I asleep already?

• dwgs 12:39 on 2023-06-16 Permalink

  Online gambling has grown exponentially and most of it isn’t gov’t run. Also, the people I know who enjoy a casino go to Kahnawake…

• Kate 20:11 on 2023-06-16 Permalink

  dwgs, what guarantees that you’d be paid if you won on some random gambling site?

• dwgs 07:01 on 2023-06-17 Permalink

  They’re not random Kate, they’re big business, some more legit than others but they all pay out or they couldn’t stay in business. It has become difficult to watch a hockey game these days because of the wall to wall sports betting ads, it’s insane.

• Kate 09:40 on 2023-06-17 Permalink

  I guess. But to me the main thing about government lotteries is that it’s clear, you win, they pay out. My family had a long tradition of participating in dubious gambling exploits – my grandfather helped his Chinese neighbours run a numbers game, everyone was always trying to get Irish Sweepstakes tickets, even my incredibly proper and upright godmother used to sell “hockey tickets” that she got from some source in the office where she worked. But in none of these systems was there any recourse for someone who didn’t get a payout they expected, because they were not legal, and there were a lot of middlemen involved.