Switzerland – Stadtcasino Baden makes profit of CHF 3.9m in the Covid-19 year

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Stadtcasino Baden

Stadtcasino Baden AG completed the 2020 corona year with a profit of CHF3.9m, approximately 11% higher than the previous year.

In 2020, the gross revenue was CHF105m, approximately 25% higher than in 2019. Through its investments, Stadtcasino Baden AG operates Grand Casino Baden, Casino Davos, and the online casinos jackpots.ch and casino777.

Revenues in traditional casinos in Baden and Davos were low as a result of the pandemic. They generated consolidated sales of CHF51m in 2020, down from CHF77m in 2019.

Simultaneously, revenue from online casinos www.jackpots.ch and www.casino777.ch increased significantly.

However, 2020 became the first full year of operation for the two online casinos – Jackpots.ch launched on July 5, 2019, while casino777.ch debuted on September 9, 2019.

Jürg Altorfer, Chairman of the Board of Directors, stated, “It is not possible to quantify the share of the growth rates is due to the pandemic.” Also, the figures show that online casinos became a significant source of revenue in their first full year of operation and were able to compensate for the corona-related failures in Baden and Davos.”

 

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Nassima Azmzm

Nassima Azmzm

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