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The latest update is out from Societe Fermiere du Casino Municipal de Cannes SA ( (FR:FCMC) ).
Société Fermière du Casino Municipal de Cannes SA reported a revenue increase to €169.3 million for the fiscal year ending October 31, 2024, despite a decline in gaming revenue. The acquisition of CG Capital and the renewal of the Majestic Beach concession reflect strategic moves to strengthen its hospitality offerings. The company achieved a significant rise in net profit to €22.8 million due to improved performance in its hotel sector and effective cost control. A cautious outlook is maintained in light of economic uncertainties and potential regulatory changes in the gaming sector.
More about Societe Fermiere du Casino Municipal de Cannes SA
Société Fermière du Casino Municipal de Cannes SA operates in the hospitality and gaming industry, managing a casino, three hotels with beach access, and four restaurants primarily located in Cannes. The company focuses on offering luxury accommodations and gaming experiences.
YTD Price Performance: -12.79%
Average Trading Volume: 3
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €236.5M
Find detailed analytics on FCMC stock on TipRanks’ Stock Analysis page.
