Tag Archives: SBM
SBM up by 11 per cent but gaming subdued by slot decline
Monte Carlo casino and hotel group SBM (Société des Bains de Mer) confirmed strong growth for the first half of the 2024/2025 financial year with revenue growing by 11 per cent to €495.1m, driven by strong summer activity in the Resort, the opening of the Amazónico restaurant on April 4, 2024 and the reopening of…
Crystal to host the first and only Casino de Monte-Carlo at sea
Crystal, renowned for its exceptional voyages and outstanding entertainment, is pleased to announce it has secured a collaboration with Monte-Carlo Société des Bains de Mer (SBM), a leader in the world of entertainment and gaming to host the first and only Casino de Monte-Carlo at sea. This marks an exciting new chapter for the brand promising guests an elevated…
SBM’s profit swings spectacularly from €5.1m loss to a positive €30.3m
Monte Carlo casino operator Société des Bains de Mer saw its revenue grow by six per cent to €704m, driven by strong summer activity in the Resort, rising average daily rates and an occupancy rate of nearly 100 per cent. Profit swung to a positive €30.3m compared to a loss of €5.1m for the previous…
Monaco – Gaming falls three per cent at SBM but hotel sector drives overall increase
Despite its overall revenues increasing by three per cent to €445.6m, Société des Bains de Mer saw its gaming revenues fall by the same amount to €127.8m due to ‘increased player selectivity in connection with enhanced compliance rules and an unfavorable risk in table games, mainly in the first quarter of the year.’ Hotel revenues…
Monaco – SBM reports increase of 26 per cent in 2022 with gaming up seven per cent
Société des Bains de Mer and its subsidiaries generated revenue of €667m for the full 2022/2023 financial year compared to €530.5m in 2021/2022, an improvement of 26 per cent over the full year. The €136.5m increase in revenue was the result of improved revenues across all business segments. In the first quarter of the previous…
Monaco – Albert Manzone named as the Managing Director of SBM
Albert Manzone has been unveiled as the new Managing Director of Société des Bains de Mer (SBM) in Monte-Carlo. The 59-year-old Monegasque will take office on April 12. He will support the president-delegate Stéphane Valéri who wished, with this appointment, ‘to strengthen the efficiency of the governance of the SBM.’ Presented as a ‘specialist in…
Monaco – SBM bounces back with strong summer period
During the 2021/2022 financial year, Monte Carlo casino group Société des Bains de Mer achieved a turnover of €530.5m for the entire 2021/2022 financial year compared to €336.9m in 2020/2021, an increase of 57 per cent over the full year. This €193.6m increase in revenue illustrates the recovery in activity despite a still unfavourable health…
Monaco – SBM says casino revenues are now 12 per cent higher than before the pandemic
During the first quarter, Société des Bains de Mer and its subsidiaries achieved a sharp increase in sales compared to the same period last year. The consolidated revenue of the S.B.M. Group stood at €207.8m compared to €110.9m previously, an increase of €96.9m. This achievement is also 18 per cent higher than revenue in the…
Monaco – SBM’s casinos still off the pre-pandemic pace by 27 per cent
With all of its casinos closed for the first two months of the first quarter, Monaco operator Société des Bains de Mer saw its gaming division operating at 27 per cent less of its pre-pandemic level. Gaming recorded a turnover of €45.1m for the past quarter against €9.6m last year, all establishments having been closed…
