Loto Quebec’s revenue fell 11.1% to $685.6m as a lack of larger jackpots slashed lottery revenue, while revenue from other verticals also declined in the quarter ended 31 December, the third of the operator’s fiscal year.
French gaming giant La Française des Jeux (FDJ) has projected 5% growth in both player stakes and revenue for 2020, after a “landmark” 2019 that saw the operator list on the Euronext Paris and net revenue rise to €1.96bn.
Bulgarian legislator Valeri Simenov, a member of the National Front for Salvation Party, has introduced a bill that would ban private lotteries in the country and restrict the operation of lotteries to a government-owned monopoly.
The Nigerian National Lottery Regulatory Commission has prohibited the operation, promotion and sale of tickets of all unapproved foreign lottery games after multiple instances of operators failing to pay players' winnings.
Online lottery brokerage Zeal Network has announced that its earnings before depreciation, amortisation, and exceptional items (EBITDA) for the fiscal year 2019 are expected to surpass its initial forecasts.
A number of high-profile gaming businesses look set to compete in the tender process, which could see the contract to operate the UK National Lottery wrestled away from long-term incumbent Camelot for the first time.