Oddsworks, a leading provider of gaming solutions, is set to enhance the gaming experience for players in Canada through its collaboration with Loto-Québec. The partnership will see Oddsworks deploy its BETguard Remote Gaming Server (RGS) platform, offering a wide array of proprietary and third-party gaming content, spanning online casino games, table games, scratch cards, and video poker.
Empowering the Gaming Landscape:
Stéphane Martel, Head of Product and Innovation at Loto-Québec, expressed the organization’s enthusiasm for integrating Oddsworks’ game content into its offerings. He emphasized the appeal of Oddsworks’ extensive library of proprietary table games, designed to resonate with Canadian players.
Oddsworks’ Perspective:
Steven De Mar, EVP at Oddsworks, conveyed the company’s honor in collaborating with Loto-Québec as it expands into the Canadian market. He expressed optimism regarding the outcomes of this partnership and its potential for future growth. Oddsworks is eagerly looking forward to the possibilities presented by its association with Loto-Québec.
Loto-Québec’s Financial Performance:
The financial results for the first quarter of the fiscal year 2023-2024 for Loto-Québec were characterized by noteworthy figures. The organization reported revenue of CA$711.2 million ($528.2 million) and a net income of CA$380.9 million ($282.9 million).
While revenue exhibited an impressive 8.4% increase compared to pre-pandemic figures, it saw a 4.5% decline year-over-year. In terms of consolidated net income, it experienced a substantial 12.9% surge against 2019 figures but decreased by 14.7% compared to the previous year.
The partnership between Oddsworks and Loto-Québec signifies an exciting development in the gaming landscape in Canada. The integration of Oddsworks’ gaming content into Loto-Québec’s offerings is poised to enrich the gaming experience for Canadian players, further solidifying Loto-Québec’s position as a leading gaming provider. This partnership holds great promise for both companies as they collectively shape the future of gaming in Canada.