Monte Carlo Casino has gaming revenue increased by 8% in the 2019-20 financial year, the casino’s operator has reported.
Societe de Bains de Mer (SBM), the owner of Monte Carlo Casino, has reported that gaming revenue rose by 8 per cent year-on-year to €239.8million for the period from April 1 2019 to March 31 2020.
Slot machine revenue climbed by 11 per cent to €113million while revenue from table games rose by 5 per cent to €113.5million.
Total revenue for the company, which also owns the Opéra de Monte-Carlo, and the Hôtel de Paris, rose by 18 per cent to €619.8million.
Total operating profit was €22.6 million, which compares to a loss of €9.6million in the 2018 – 2019 financial year. Profit from gaming increased by €0.5million.
SBM was affected by Covid-19 in the final weeks of the year, closing on March 15, which is estimated to have made a €15million dent on revenue.
It has cut costs, placing staff under the Principality of Monaco’s support package and has received a €230million credit facility from banks.
Casinos in Monaco will be allowed to reopen from tomorrow (June 2). Land-based casinos in many countries in Europe have now reopened or have dates to do so, including in Austria, Germany, Poland and Denmark.
More details about Monte Carlo Casino and Societe de Bains de Mer you can read HERE,
