Italian casinos report positive growth in August

st has been all smiles for Italian casinos. The four casinos listed in the Mediterranean country reported positive growth during the summer, as Italy opens its arms to the gaming industry.

Saint Vincent Casino, located in Valle d’Aosta, northern Italy, generated €5.4m in revenue solely in August, up 10% compared to the same period last year.

Traditional table games such as punto banco and roulette accouted for most of this increase; whilst slots showed a small drop but still turned over €3m. Overall, for the first eight months of 2017, Saint Vincent reported more than €38 in revenue.

San Remo Casino grew by 7.34% this August, generating over €5.6m in revenue. Roulette had a significant impact in the venue’s financial figures: revenues from roulette tables were up 296% year-on-year basis.

Moreover, slots revenues have grown to €4.1m last month, up 2.45 per cent. From January-to-August period generated over €31m, a 0.5% jump compared to first eight months of 2016.

Casino Campione d’Italia, on Lake Lugano, is ending August with revenue of €7m, which means an increase of nearly 5% year-on-year. In this revenue, slots have largely driven this economic growth, reporting over €5m of the total revenue generated last month.

While French roulette was down 39%, American roulette up 63.2 per cent. Punto. The year to August shows revenues of €60.3m, down 1% compared to the same period last year.

The only venue that has hit negative number during the summer was Venice. Casino di Venezia’s total revenue for August was €6.9m, down over 6% compared to same period last year. Table games and slots haven’t recorded positive growth; however, footfall was up 5.3% this August.

So far in 2017, Casino di Venezia reported €59 in revenue, down 6.35% on the same period of last year.