Record-breaking success for Kursaal-Casino AG Lucerne in Switzerland
In the 2024 financial year, Kursaal-Casino AG Lucerne and the Grand Casino Luzern Group bolstered their prominent market position with a 2% increase in gross gaming revenue, reaching a record high of CHF 124.67 million. The annual profit for Kursaal-Casino AG Lucerne rose significantly to CHF 1.03 million.
The concession and operating license issued in autumn 2024 has secured the company's core business for at least the next 20 years. Despite significant challenges, the group remains cautiously optimistic about the future, aiming for sustained and profitable growth through various initiatives.
Parallel to the increased gross gaming revenue, the casino tax also saw a jump of CHF 1.5 million, amounting to almost CHF 61.3 million.
The group's online casino sector, represented by mycasino, maintained its leading position in Switzerland in 2024, with a 3.7% growth to CHF 98.44 million and a strong market share of 32%.
Looking ahead, the group intends to continue its growth trajectory by capitalizing on its market position and venturing into new markets, all while focusing on sustainability. The recent license renewal serves as a solid foundation for future development, and the group is exploring strategic advancements to amplify its offerings and presence.
At the 126th Annual General Meeting of Kursaal-Casino AG Lucerne, shareholder participation was strong, with 579 shareholders representing 57.44% of the share capital. All proposals were approved, reflecting a robust support for the company's strategies.
In the pursuit of continued growth, Kursaal-Casino AG Lucerne plans to capitalize on its market position and diversify into new markets, focusing on both its traditional casino-games and modern online casino-and-gambling offerings. The group's online casino sector, represented by mycasino, aims to maintain and further strengthen its leading position in Switzerland, with a focus on sustainability and innovative strategies.
