(AOF) – Société des Bains de Mer and its subsidiaries recorded consolidated turnover up 9% during the third quarter of the 2023/2024 financial year compared to the same period of the previous financial year. The casino specialist specifies that the turnover of the gaming sector stands at 48.6 million euros for the past quarter compared to 43.6 million euros a year ago. The growth in gaming turnover of 5.1 million euros, or 12%, is driven by a positive upswing in table games this quarter.
Over the first nine months of the financial year, the consolidated turnover of the SBM Group stands at 580.7 million euros compared to 556.5 million euros for the same period of the previous financial year, i.e. an increase of 4%.
The activities of the SBM Group are “dependent on the random nature, over a short period, of the gaming activity” underlines the group. “This hazard does not allow us to make forecasts for the entire 2023/2024 financial year,” he concludes.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.