Casinos across the Portuguese landscape enjoyed a slight uptick in performance last year. Compared to figures from 2017, the casino industry in the country saw an increase of 3.1% in revenue, taking in over €318 million (almost $363 million) more than a year prior.
The country’s leading casino operator, Estoril-Sol, continued to dominate. The company, which is controlled by casino mogul Stanley Ho, operates casinos in Lisbon, Estoril and Povoa de Varzim and reported annual turnover of just under €196.8 million ($224.55m). This was a residual increase of 2.4% year-on-year.
While not being the recipient of the most revenue, the Solverde Group reported the highest increase. The company, which owns casinos in Algarve, Chaves and Espinho, had revenue of €93.6 million, which amounts to an increase of 4.8% over the prior year’s numbers.
With the exception of the Pestana Group, operator of The Pestana Casino Park located in Funchal Madeira, all operators stated that their income increased from 2017 to 2018. The Pestana Group saw its revenue drop 3.1% year-on-year to €8.4 million ($9.58m).