Tag Archives: SBM
Monaco – Jailed gang to keep ill-gotten Monte Carlo gains
Despite having been found guilty and sentenced to jail a group of casino cheats from the UK will be able to keep around £2m of the money they scammed from a casino in Monaco. Three men have been sentenced to between 18 months and three years in prison after a year-long roulette scam that earned…
France – Galaxy buys a stake in SBM
Macau operator Galaxy Entertainment Group is buying a stake in Monaco operator Societe des Bains de Mer et du Cercle des Etrangers a Monaco (SBM) from an independent third party, for €40m. Galaxy is buying a five per cent share in SBM who operates the four casinos in Monte Carlo saying it saw the deal…
Monaco – SBM raises €220m for Hôtel de Paris renovation
Monte Carlo operator Société des Bains de Mer de Monaco (SBM) has raised €220m through the sale of more than 6.3m shares at a price of €36.4 per share since February. The money will be used to finance two major construction projects in the Principality; the refurbishment of Hôtel de Paris and the demolition of…
Europe – Aruze announces three European slot deals
With a host of installs on the horizon at some of the continent’s most glittering casinos, the European slot sector has certainly opened up for Aruze Gaming in recent years. Whilst 2014 saw some notable installs in France and Portugal for Aruze, 2015 will get underway with some exciting deals with SBM in Monte Carlo,…
Monaco – SBM workers strike as slots open 24/7
Workers of SBM’s casinos are on strike following the company’s decision to open the Café de Paris’ slot machine rooms to the public 24/7. Due to the drop in available staff, the company has been forced to close slot machine rooms in other businesses, however, the Cafe has remained open despite absent staff. “As the…
