Société des Bains de Mer (SBM), owner of Monte Carlo Casino and Betclic Everest, has reported a 19% year-on-year rise in gaming revenue in its third quarter ended 31 December, despite a quarterly decrease.
Gaming revenue came to €53.4m (£44.4m/$59.6m), and while this was up from 2020-21, it was down 20.7% compared to Q2. However, this was still improvement from gaming revenue’s lowest point of €45.0m in Q1.
Gaming revenue for the year so far stands at €166.0m, up 76.6% from the same period in the previous financial year.
Total revenue for the quarter came to €125.8m, a quarter-on-quarter decrease of 37.2%. Yet this was a rise of over €30.0m compared to 2020/2021 Q3.
Revenue from leases owned by SBM totalled at €29.4m, a rise of 8.2% year-on-year but approximately €500,000 in difference to Q2.
Hospitality revenue came to €43.6m for the quarter, up 85.8% year-on-year.
In a statement, SBM commented on its expectations for full year revenue, which will be released after its fourth qu..