Increased earnings reported for Monaco's hotel and gaming sector during the recent period
Monaco's Société des Bains de Mer Reports Strong First Quarter Results
Monaco-based Société des Bains de Mer (SBM) Group has announced a significant increase in turnover for the first quarter of its 2025–2026 financial year. The consolidated revenue rose by 12%, reaching €244 million ($286.5 million), compared to €218.4 million in the same period last year.
The strong performance was observed across all business segments, with the gaming and hotel sectors being particular standouts. The gaming sector recorded a turnover of €50.6 million ($59.5 million), an increase from €47 million last year. Meanwhile, hotel revenue reached a new record of €148.9 million, up from €130.3 million in the same period last year, marking a growth of €18.6 million.
These results indicate a positive trend for SBM's financial performance, with both gaming operations and hotel accommodation contributing significantly to the revenue growth. The improved performance reflects SBM's continuing recovery and expansion following earlier challenges, signaling renewed demand and robust visitor activity in Monaco's luxury hospitality and gaming markets.
The CEO of SBM, Stéphane Valeri, has emphasized the group's commitment to maintaining this growth momentum through strategic enhancements and improving guest experiences across its portfolio of casinos, hotels, and leisure facilities. The company has also announced ambitious plans for 2025, including innovations and expansions to further strengthen its market position.
However, it's worth noting that an unfavorable risk affected the gaming sector at the beginning of the year, partially offsetting the increase in turnover. Despite this, the first quarter of the current year saw a strong performance from both the gaming and hotel sectors of SBM.
In conclusion, Société des Bains de Mer is enjoying a solid start to the 2025–2026 fiscal year, with promising prospects supported by planned investments and operational improvements. The results for SBM and its subsidiaries during the first quarter of the current year were reported by Phil, G3 Newswire.
- The strong performance in Monaco's luxury hospitality and gaming markets, as shown in the first quarter results of Société des Bains de Mer, could have a positive impact on the travel industry, as more visitors might be attracted to Monaco for its lifestyle experiences.
- The banking and insurance sector might benefit from the improved financial performance of Société des Bains de Mer, as increased revenues could lead to more transactions and investments.
- The casino-and-gambling sector, which has seen significant growth in SBM's gaming sector, could potentially influence the casino-games industry, prompting more innovations and competitive strategies.
- The ambitious expansion plans for the SBM group in various business segments, including casinos, hotels, and leisure facilities, might lead to new opportunities in the broader business industry.
