Revenue from Switzerland's Grand Casino Luzern Group casinos rose 98.9% year on year, but higher expenses, including online gaming taxes, caused net losses to grow.
Total revenue came to CHF94.5m, a rise of 98.9% from CHF47.5m recorded in December 2019.
Combined, the Kursaal-Casino AG Lucerne and the Grand Casino Luzern Group casinos totalled CHF 24.8m in land-based gross gaming revenue in 2020, a decrease of 55.2% compared to 2019.
The online gaming total from Paf-powered mycasino.ch amounted to CHF 69.0m, a 672.2% increase compared to the CHF 8.9m made in 2019. Mycasino.ch had only four months of operations in 2019, as it launched in August of the same year.
Casino taxes amounted to CHF43.1m, a rise of 22.4m year on year, with CHF32.6m of this in online casino taxes while other operating income came to CHF4.5m, a fall of almost half. In total, net income for Grand Casino Luzern Group in 2020 was CHF55.8m, an increase of 56.0% year on year.
However, expenses caused a sharp dr..