Industry News

Good show by Portuguese casinos in 2018

Published

7 years ago

January 21, 2019

Niji Narayan

Photo Source: girlgamer.gg

Reading Time: < 1 minute

Portuguese casinos reported an improved performance (3.1%) with more than €318 million in revenue last year. The biggest threat for the thriving casino industry is – probably – the online gambling segment.

During 2018, Stanley Ho’s Estoril-Sol continued to lead the casino industry with annual turnover of nearly €197 million rising 2.4% year-on-year. Solverde Group saw the highest increase from 2017, as it grew 4.8% year-on-year through the €93.6 million revenue.

All the other casino operators in the country, except the Pestana Group, also reported improved performances in 2018. The Pestana Group shows a decline in its revenue by 3.1% last year, to a total €8.4 million.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.