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SBM: Online casino and investment abroad for palliating crisis
The company holder of the game monopoly in Monaco, The Société des Bains de Mer (SBM), first owner of casinos of the principality, has just presented its results during the financial year 2008-2009. Marked by a fall of 19% of its turnover, this financial year was affected by the financial crisis and the come into force of the interdiction of smoking in public places on its territory on November 2008. If its 5 casinos recorded a turnover of €259 millions during the previous financial year, they had only realized €210.7 millions during the past financial year. Nevertheless, during three successive years, a higher increase in Monaco’s casinos was recorded.
But in spite of this moroseness in the game sector, SBM reckons to invest once again and foresees diversifications. “We are pleased with our admission in the capital of a online casino company which, thanks to several acquisitions, among which two in progress, climbs among the four companies dominating the market”, Jean-Luc Biamonti, president of SBM board of directors asserts. Beside these terrestrial casinos proposing black jack, poker, or bingo, this firm in Monaco will have so its online casino. Investments concerning the sites’ communication plan are currently in progress. “We also took participation in the capital of the football professional team AS Monaco for €3 millions”, he continued. The SBM will become established in Morocco. It will handle the management of Marrakech Hotel and an investment of €35 millions for the Winter Sporting is foreseen by the enterprise too.
Source: Poker 777
Tuesday, 23 June 2009
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