Portugal’s casino market claims partial recovery in 2015
Portugal’s struggling casino market was able to record a year-on-year increase in revenue during 2015, although the sector still remains some way off the stage it was at prior to the start of its decline.
According to the Associação Portuguesa de Casino (ACP), the 11 casinos that are currently operating in the country were able to post revenue of €288.6 million ($312.8 million) last year, up 8% on the previous 12-month period.
Table game revenue was up 12.4% year-on-year, with slot machine revenue also increasing by 7.2%.
Casinos operated by Estoril-Sol were responsible for the majority of total revenue, generating €182.3 million.
Although the figures represent positive growth for the country’s market, it still has some way to go if it is to recover from a 37% decline experienced between 2008 and 2014.
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