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France – Société Française de Casinos moving in the right direction

By - 9 August 2018

Strong performances at its casinos in Gruissan, Châtel-Guyon, and Capvern, helped push French casino operator SFC’s turnover up 9.7 per cent to €11.7m in the first half of 2018.

The like-for-like comparison has removed the 2017 financial contribution of the group’s casino in Chamonix-Mont-Blanc which has since been sold. It is in the process of offloading its 49 per cent ownership in Société Franco-Belgian de Casinos, which owns casinos in Port Leucate, Briançon and Carnac in partnership with Belgian operator Circus.

The group said: “This performance is mainly driven by strong business momentum in the Gruissan, up nine per cent, Châtel-Guyon, up 11 per cent and Capvern up 18 per cent thanks to the Group’s various initiatives and investments. The casinos of Port la Nouvelle and Collioure show a level close to that achieved during the previous year. GGR amounted to €6.8m compared to €6.4m, an increase of 6.6 per cent, offset by the increase in direct debits.”

“The performance is all the more satisfactory as it includes a reinforcement of the teams, particularly at Capvern, in the context of business development.

The group’s consolidated shareholders’ equity amounted to € 20.1m as of April 30, 2018. Consolidated net financial debt was reduced to € 4.5m compared to € 5.6m at the end of the financial year.

The group remains in contention for future casino licences in Bagnères-de-Luchon and Lamalou-les Bains.

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