The secretary general of Casinos de France is reporting that its member groups saw a collective 18 percent decline in gross gaming revenue in June followed by a 19 percent drop in July.
Casinos de France is an operators’ association that represents the casino groups Barrière, Emeraude, Joa and Tranchant.
Jean-François Cot, secretary general of Casinos de France, told Le Figaro that the crisis the sector is experiencing could be fatal for some individual properties. Since the beginning of 2008, gaming revenue has fallen about 14 percent.
“It is clear that the drop in GGR won’t recover anytime soon,” said Cot. “We fear that some casinos will be unable to overcome this difficulty. There are probably more than a dozen casinos in jeopardy today.”
Half to three-quarters of the blame for the poor numbers is falling on the all-too-familiar smoking ban. An estimated 60 percent of players smoke, according to casino managers.
The rest of the blame goes to players spending less time and money per session