Reports
MARKET REPORT: PORTUGAL
Amorim Turismo operates two casinos Figueira da Foz and Troia casinos. Te company was set up in 1870 when it began in the cork business diversifying in the 1980s to the financial sector in real estate and hotels. Amorim Turismo was created in 1997 as a subsidiary and in partnership with the Accor Group, and today manages 33 hotels in Portugal, Cuba and Mozambique
Te GGR of the Estoril Sol Group in total last year amounted to €188.5m, a 3.7 per cent growth on the previous year. Of this amount Casino Lisboa was responsible for 43 per cent (€80.5m), Casino Estoril was responsible for 31 per cent (€59.2m), Casino Povoa 23 per cent (€44.3m) and the online sector three per cent (€4.9m). In 2016 consolidated net income was €7.4m with an EBITDA of €30.7m. With the exception of Casino Estoril all the casinos in the group saw an increase in revenues. In 2017, the Lisbon casino accounted for €83.9m, 3.8 per cent more than in the previous year, while Estoril's casino grew 7.7 per cent to €63.8m. Póvoa generated €44.6m of revenues, 0.5 per cent more than in 2016.
ESTORIL SOL is a gaming and leisure complex in Estoril just 18 kilometres from Lisbon. It offers an auditorium for theatre or congresses and has over 700 slots and five types of table games – Roulette, Blackjack, Baccarat, French bank and Caribbean stud poker.
CASINO LISBOAoffers over 1,100 slots with 200 different games plus five types of table games. Te casino was opened in 2006 near to the Tagus River in a tourist area in the former Expo ’98 pavilion.
CASINO DA POVOAin Povoa de Varzim is an elegant casino on the Atlantic coast which opened in 1934 and has 600 slots and various table games.
P56 NEWSWIRE / INTERACTIVE /
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Meanwhile Amorim Turismo operates two casinos Figueira da Foz and Troia casinos. Te company was set up in 1870 when it began in the cork business diversifying in the 1980s to the financial sector in real estate and hotels. Amorim Turismo was created in 1997 as a subsidiary and in partnership with the Accor Group manages 33 hotels in Portugal, Cuba and Mozambique. In Portugal the group focuses on resort and leisure residences and after the acquisition of Sociedade Figueria Praia in 1990 they now own the Figueira da Foz Casino. Tey later acquired a 32 per cent interest in Estoril Sol.
FIGUEIRA DA FOZ is on the coast between Lisbon and Porto and offers restaurants, bars and nightclub.
CASINO TRÓIA is Amorim’s second casino in Tróia which includes a five star hotel and Blue & Green Spa and conference centre. Casino Tróia was opened in 2011 on the Troia peninsula about an hour from Lisbon.
It offers various entertainment packages from music to theatre. Te casino is 4,000 sq.m in size and has 200 slots and 15 gaming tables. Tróia, owned by fund manager Oxy Capital, was the only casino in Portugal to register a decline in revenues in 2017 of minus 4.7 per cent, to €3.8m euros as compared to 2016. In Figueira, Amorim Turismo did increase revenues, but only to 0.44 per cent, on revenues of €15m.
Te final operator is the Pestana Group which has eight business divisions including hotels, resort, travel, golf and gaming. Te company began with a hotel in Madeira back in 1972 and is a family owned business that now owns 30 four and five star hotels worldwide.
In 1985, the company expanded into Portugal then Africa and South America. Te company operates a casino in Madeira located in the Pestana Casino Park Hotel in Funchal. Te hotel is five star and just five minutes from the city centre with four bars and restaurants.
CASINO MADEIRAwas designed by architect Oscar Niemeyer and offers 200 slots, two American Roulette, two Blackjack and a poker table. Tere are dinner, shows and congress centre. In 2017, the generated revenues of €8.7m, an increase of 8.5 per cent over the previous year.
Finally, in the Azores, out in the Atlantic, the Casino Ponta Delgada opened in March 2017. No finanical figures for the Ponta Delgada Casino, which is owned by the group Paim and businessman Eduardo Machado, were avaialable at this time.
Te casino, based in Sao Miguel, opened with 51 gaming machines and six traditional table games. Te casino is a partnership with Hotel Azor, which provides accommodation, dining, bar, live music and a dedicated leisure space.
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