Profits are down at Loto-Quebec, which announced a 12.4 percent decline in profits compared to the same period last year.
The Crown corporation declared revenues of $2.638 billion and profits of $887.3 million for the first three trimesters of 2013-2014.
Total revenues were down 3.4 percent from the same period one year prior.
Revenues from video lottery terminals decreased slightly, while gaming halls saw an increase in revenues.
Loto-Quebec’s online gaming operations saw increased profits across the board.
The cost of replacing VLTs and modernizing the Montreal casino were responsible for some of the decline, according to Loto-Quebec.
The Lac Leamy casino saw a decline in business, as did the Montreal casino, which has since bounced back after the completion of renovations.
Across Canada spending on gaming was down by 3.1 percent in the first nine months of 2013, accoding to figures provided by Statistics Canada.
