Operator News
Switzerland – Kursaal-Casino AG Luzern sets its sights on new casino licences at AGM
By Phil - 16 June 2022
In addition to the positive figures for the last financial year, the upcoming renewal of casino licences was the dominant topic at the 126th Annual General Meeting of Kursaal-Casino AG Luzern.
The casino wants to renew the existing concession for Lucerne and for the online casino by 2044 and also open up new casino markets. The holding company Kursaal-Casino AG Luzern significantly increased operating income and corporate profit in 2021. The Annual General Meeting approved a dividend of six francs each per registered share and profit participation certificate. 579 shareholders took part in the Grand Casino Luzern. They personally represented 57.44% of the share capital. With a gross gaming revenue of CHF 92.89 million in 2021, the Grand Casino Luzern Group is the leading casino company in Switzerland.
National Councillor Gerhard Pfister (Zug), President of the Swiss Casino Association, informed about the significance of this concession renewal.
For the first time since 2019, the Annual General Meeting of Kursaal-Casino AG Luzern was held on site at the Grand Casino in Lucerne on 14 June 2022. The personal reunion after the long pandemic is a moving moment, said Chairman of the Board Guido Egli: “Our annual meeting is not just an ordinary General Assembly. Rather, it is a place of encounters with interesting people, a place of conversation as well as a place of conviviality and collegiality.”
Chairman of the Board of Directors Guido Egli, CEO Wolfgang Bliem and CFO Rudolf Widmer reported to the Annual General Meeting on an overall successful 2021. However, the pandemic and the restrictions imposed by the authorities had a strong impact on the financial year. The online casino mycasino, which belongs to the group, was able to almost completely compensate for the corona-related decline in the land-based Casino Luzern as well as in the restaurant and event sector.
The Annual General Meeting supported all proposals of the Board of Directors. It approved the management report, annual financial statements and consolidated financial statements. The retained profit of CHF 14 million will be used for the distribution of a dividend of six francs per registered share and profit participation certificate as well as for the contribution to the statutory reserve and as a carry-forward to the new account. Guido Egli (Meggen) and Vanessa Marr (Winterthur) were re-elected as members of the Board of Directors for a three-year term of office.
