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Mixed results for Italy’s casino groups

Italy’s four casino groups are experiencing mixed fortunes with February bringing positive results for Casino di Campione and Sanremo Casino but double digit declines in Venice and Saint Vincent.

Casino di Campione reported that its land-based GGR was up 11.8 % year-on-year to € 6.86 million. It followed a positive January too. In total 2017 has brought revenues of € 15 million, showing a healthy increase of 6.24 % year on year.

Casino di Sanremo also reported a positive February with GGR of €4.05 million, marking a 5 % increase. Casino di Venezia meanwhile reported that revenue at its two locations were down 10.8 % in February, to € 6.7 million.

Saint Vincent Resort and Casino saw its GGR plummet again in February, this time by 17.17 % It generated GGR of € 4.4 million in February.

The online sector in Italy continued to grow with online sports betting turnover hitting € 432 million for February, surpassing land-based betting which generated € 394 million. The combined betting total of € 828 million was 30 % higher than the same month last year and 7 % higher than January.

Source: GMB / G3newswire.com