Operator News
Germany – Baden-Württembergische grows its revenues by five per cent
By Phil - 13 March 2018
The Baden-Württembergische Spielbanken casino group grew again in Germany in 2017 with its revenue increasing by 4.89 per cent, following on from a 4.8 per cent increase in 2016.
GGR came in at €86.09m from its three casinos in Stuttgart, Baden-Baden and Constance. The operator has not only managed to stabilise the group’s earnings since 2014 when its GGR was down €68.9m in 2014 but steadily grow it year-on-year. Footfall has stayed similar at around 594,000 a year.
In comparison to the top-earning casinos in Germany, the group’s Stuttgart casino is now in second place ahead of Duisburg and behind Berlin.
Stuttgart accounted for about half of the total GGR of Baden-Wuerttemberg. Since its opening in 1996, the Stuttgart casino has achieved GGR of more than €1bn with around 10m guests visiting the Baden-Württemberg casino, equating to approximately the population of Portugal. The casino in Baden-Baden meanwhile grew its revenues by eight per cent.
A spokesperson for Baden-Württembergische Spielbanken said: “All three casinos have their own character. Stuttgart is a metropolitan city, Constance is located on Lake Constance and Baden-Baden is more than a city. It is a hotspot with history. Our casinos reach more than one target group at the gaming table but also at the Bernstein Club and Club Grace. We have guests from the Ländle who expect safe gambling. But also those who are looking for entertainment. This combination of entertainment and gambling opens a path to players who would otherwise migrate to the Internet.”
