French casino operators have been saying it over and over again. The particularly restrictive measures of the Macron government during the Covid-19 pandemic have had devastating effects on the economy. While repeated confinements and curfews have severely impacted all the heavyweights in the French gambling industry, the smallest establishments are still not able to get their heads above water... The example of the day: is the Fort-Mahon-Plage casino, which is experiencing a 36% drop in its gaming revenue.
Nearly five years ago, in the 2018-2019 fiscal year, the Fort-Mahon-Plage casino justified a Gross Gaming Revenue (GGR) of 69 million euros. At the close of the last balance sheet in October 2021, this figure went down to just under... 38 million euros! Read more about this casino on the website https://casino-bollywood.club/withdrawal/.
If lately "[...] the year has been so difficult and complicated", complains Luc Leborgne, General Manager of the Vikings Casinos group, it is mainly because of the restrictive - not to say liberticidal - measures implemented by the French government. Indeed, what turnover could the Fort-Mahon-Plage casino hope to generate when it is known that the latter had to close its doors for a total of 199 days in 2021?
"For gaming, there was a 36% drop in 2021 compared to 2020, and a 50% drop compared to 2019... In 2020, after the 86 days of closure, we thought we had done the hardest. Then there were the 199 days of shutdown in FY 2020-2021. That killed everything. And even though we were able to reopen on May 19, the 35% gauge and 9 p.m. curfew left a bitter taste. To top it all off, the arrival of the health pass on July 21 was the last straw. Our attendance was totally fractured," explains Luc Leborgne.
Speaking of attendance, it has dropped dramatically. Indeed, compared to the 2019-2020 fiscal year, the Fort-Mahon-Plage casino has lost 38% of its clientele! The Net Gaming Product (NGP) reached only €1,669,000, compared to €2,438,000.
"The losses are reflected in the levies. In 2018-2019, the Fort-Mahon-Plage casino paid € 2,500,000 to the state and the community, as well as € 500,000 to the communal share. In 2020-2021, the levies dropped by half, or € 1,115,000, and the commune only received € 235,000. In the end, everyone pays the price of the absurdity of the decisions that were made during the Covid crisis.
The casino Fort-Mahon-Plage returned 35 million euros to players in 2021, representing about 93% of its turnover.
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