• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Casino Reviews
  • Live Casinos
  • No Download Casinos
  • Mac Casinos
  • Mobile Casinos
  • US Casinos
  • UK Casinos

Casino Jackpot

Since 1999 : The Best Jackpots Online Casinos

Unique Casino
  • Home
  • News
    • Online Casinos
    • Casinos
    • Online Games
    • Poker
    • Bonus and promotions
  • Casino Guides
    • Introduction to Casino
      • Casino software
    • Bonus
    • Game Rules
    • Slots
    • Tips and Strategies
      • Poker
    • Martingales Roulette
  • Casino Bonuses
    • Highest bonuses
    • No deposit Bonuses
  • Progressive Jackpots
  • Online Bingo
  • Free Games
Home / News / Online Games / Heavy losses for Loto-Quebec in France

Heavy losses for Loto-Quebec in France

June 21, 2010 by Casino Jackpot Leave a Comment

On 11 June, the Quebec government has adopted the budget for the current fiscal year and prepares the annual report on the Loto-Quebec. This results in a significant decrease in revenues was also accompanied by a base of earnings, reduced by 7.9%.

It seems according to an analyst that the lack of rigor in expenditure, coupled with an investment losing $ 58.2 million in France. This analysis also excludes the operation of the casino, including the Mont-Tremblant, the state opened in 2009. Loto-Quebec has seen him when spending increased by 4.3% or more than 11 million dollars.

A total of Loto-Quebec has invested in 2006 more than 87 million dollars to return capital to the tune of 35% of a company operating a casino in France, including 82.2 million as a loan at 8%, with interests would be constantly reinvested until 2016. The remaining 4.8 million were paid at the time the form of equity, but since last year were written off. This year, we learned that the Corporation has lost about $ 58.2 million.

He attributes the losses primarily to the economic crisis but also to the tobacco legislation in France, which together bring down the turnovers of most casinos in France. Final blow, France has opened its market to online games. It is possible that this fall a little enthusiasm for the casinos. However, many wonder, because the value of the investment has been reduced only last year, when they had a lot of information. The “Auditor General” from Quebec who had to verify the financial status of Loto-Quebec seems to have omitted a reassessment that seemed necessary with existing systems since 2006. A costly experience.

Filed Under: Online Games

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

United Kingdom Français

Recent News

Cherry Love

The Best Women Themed Slots You can play today

Online Casino

Online Casino Games That You Should Be Playing in 2020

Poker

American Jason Mercier wins the Omaha Pot Limit of the World Poker Tour Online Series

Casinos

How Land Based Casinos Can Attract Young People

Online Games

The most popular online games

Best Online Casino

Spin Palace

© 2013-2021 All Right Reserved. Casino-Jackpot.com • Terms of Use • Contact • Sitemap