Sunday, June 21, 2015

Money to roll back at the tables of the casinos – publico

                 


                         
                     


                         
                     


                         

                 

 
                         

Do not be a jackpot, but the first four months of the year gross casino revenues increased EUR 4.4 million (5.2%) compared to the same period in 2014. Taken together, the four companies that exploit the Game Awards in Portugal have seen the skid revenue for six consecutive years but at least 2015 began with better luck.

                     


                         Between January and April, the turnover reached 89.8 million euros, 28% of which obtained at the gaming tables and machines Casino Lisboa, the Estoril-Sol. The casino capital turnover almost as much as the combined revenue of the five rooms of Solverde, the second largest sector operator. In the list of the fastest invoiced, here are the Estoril Casino and the Casino de Espinho, with 12.7 million of revenues (excluding bingo). Despite the positive developments, companies devalue the results and remember that they are losing customers for years. If in 2011 had over 6.4 million visitors in 2013 received 5.5 million argue. Between 2008 and 2014 gross revenues decreased by more than EUR 103 million, due to the crisis and Portuguese yields break. It is recalled that the gaming revenue fund by 62% the budget for promotion of Tourism of Portugal.


Artur Mateus, associate game director of the Casino Estoril, says the increase of more than 5% between January and April “is no reason to draw any positive outlook.” “First, because they are only four months and therefore it is too early to identify a trend. Second, because this evolution is the first exception to growth, following a continuous period decrease in revenues from casinos. ” There is still to rely on the consequences of the entry into force of the law authorizing online gambling. Artur Mateus believes that with the start of the granting of operating licenses in the second half there will be “a negative impact on revenues of physical casinos.”

The assistant game director of the Casino Estoril, which carries on average two thousand customers on weekdays, says it is too early to identify the real reasons for the increase in revenues recorded by April, but this “little light at the end of the tunnel” is due in part to investment in animation and entertainment area where the heavily wagered casinos. “There is a linear comparison between the performances and results of the game, but the animation is needed to bring people to the casino” holds. The report and accounts of the Estoril-Sol 2014 is recorded, incidentally, an increase of operating income related to the restoration and animation, combined with cost cutting allowed limit losses caused by the fall of game revenue (26 million euro operating results). Still, recreational areas have failed to contain the losses of 1.7 million the year past.

The Solverde, which explores the granting of Key casinos, Espinho, Vilamoura , Monte Gordo and Praia da Rocha, also increased the “cultural and leisure policy.” The company was not available to answer PUBLIC issues but in his last year’s annual report emphasizes diversification in the offer, “the timeliness of performances and the originality of the animation” as part of the strategy. Led by Manuel Violas, Solverde envisions a scenario “a little optimistic” for 2015 but “with a reasonable level of prudence that the economic environment uncertainty recommends”. After losses of 8.3 million last year, now estimates a loss of six million, “assuming that it can not complete the negotiation process of the concession contracts in force.”

In Madeira The casino operated by the Pestana Group was the only one to reduce the revenue by more than 3% to EUR 2.7 million between January and April. Luigi Valle, manager of the hotel company also devalues ​​the overall industry numbers, arguing that we must “take into account that the previous year was weak.” “There is also talk in Portugal we are a fantastic stage in terms of tourism but you need to compare to previous years where the very occupations were different,” hold.

When contacted, Amorim Turismo (Casino Figueira and Trojan, this in the process of being sold to venture capital Oxy Capital), declined to respond to questions sent.

The field of machinery
a Monday the end of the day, the slot Casino Estoril are dominated by gray-haired customers. A group of young well-dressed wants to come to try their luck but is barred to entry by security, asking them to identify. “Whenever I am asked to show the citizen card have bad luck,” he says, laughing, one of the girls.


                     
 
                     
                 

                     

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