Light & Wonder launches new cross-platform product for Loto-Québec
Innovative system to connect land-based and iGaming jackpot pools
Loto-Québec has launched the first cross-platform mystery jackpot using Light & Wonder’s new cross-platform technology.
The progressive, named SUPER CAGNOTTE, can be found on Loto-Québec’s online gaming portal, lotoquebec.com, and on COSMIC gaming machines across casino floors within the province. The progressive jackpot has debuted with the popular series Rich Little Hens.
The game is part of a new offering from Light & Wonder that offers a white-label solution to support cross-platform mystery progressives across land-based gaming machines and iGaming platforms, creating a unified experience across both gaming channels.
“We are excited to bring our cutting-edge cross-platform offering to Loto-Québec,” said Niaz Nejad, managing director, Americas – gaming at Light & Wonder. “Cross-platform progressives represent an exciting new product feature designed to bridge the gap between land-based and online gaming platforms. Players can now engage with the same mystery progressive at the casino or on their mobile devices.”
“Loto-Québec is delighted to offer Quebec customers this exclusive new product, available both online and in our casinos,” added François Hardy, senior director of product and innovation at Loto-Québec. “We are convinced that this addition from Light & Wonder will please our customers, who already enjoy progressive jackpots and click-and-mortar experiences.”
Loto-Québec puts dip down to short quarter, hospitality struggles
Three weeks ago, Loto-Québec reported a dip in both revenue and profit in the first quarter of the Canadian fiscal year, which it attributed to a quarter that was two days shorter than the same period last year, as well as the struggles of the hospitality industry.
Between April 1 and June 24, 2024, the crown corporation posted total revenues of $689.7 million and a consolidated net income of $349.7 million. Those totals are down 3.0% and 8.2%, respectively, from the first quarter of the 2023-24 fiscal year.
The $689.7 million in revenue was split between the casino and gaming sector ($275.0 million), the lottery product sector ($219.1 million) and the gaming establishment sector ($200.7 million). The latter of those, which encompasses video lottery terminals in bars and restaurants among other activations, posted the largest revenue decline of the three categories.
“Economically we feel the fact the discretionary dollar is tightening,” said President Jean-François Bergeron. “Gaming establishments are following the curve of restaurants, and we know that restaurants are in a difficult situation.”
The revenue report was Loto-Québec’s first since it posted full-year results in June that showed a slight year-on-year decline but also represented the crown corporation’s second-best year since 2006.