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Tag Archives: Société Fermière du Casino Municipal de Cannes

France – SFCMC impacted again by COVID with Le Croisette now up for tender

The Lucien Barrière–owned Société fermière du casino municipal de Cannes (SFCMC) published its results for the 2020-2021 financial year, when it generated €84.6m. Gross gaming revenue was down 23.5 per cent. Whilst accommodation revenue recorded an increase of 113.2 per cent compared to the 2020 financial year with an occupancy rate up 5.8 points (60.9…

France – SFCMC down 18.6 per cent in Cannes during the first half of the year

For the first half of the financial year saw an 18.6 per cent dip in turnover for French operator Société Fermière du Casino Municipal de Cannes (SFCMC), part of the Barriere group. Revenues fell to €25.6m with gross gaming revenue down by 39.2 per cent to just €1m, resulting in a loss of €6.3m. he…