LVMH-Backed Société des Bains de Mer Annual Revenue Surges 26% to €667 Million

6月 06, 2023

After the close of trading on May 31st, Monaco Société des Bains de Mer (SBM) announced its financial performance for the 2022/2023 fiscal year ending on March 31st. The main business revenue, including gaming, hotels, and leasing activities, increased by 26% year-on-year to €667 million. Thanks to strong performance across all business segments, the operating profit surged by 104% to a record-breaking €72.2 million.
Furthermore, SBM’s net profit skyrocketed more than tenfold to €896 million, primarily due to the sale of its entire 47.3% stake in the French online gaming group B …