Stanley Ho’s Estoril-Sol increases gaming market share in Portugal with Casino Lisboa

25 July 2006

Lisbon, Portugal, 25 July – Estopril-Sol, a Portuguese company controlled by Macau gaming magnate Stanley Ho, boosted its share of the Portuguese gaming and gambling market in the first half of this year due to its opening of Casino Lisboa.

According to figures published by the gaming general-inspectorate, published by financial daily Diário Económico, Estoril-Sol’s market share reached 61.6 percent in the first six months of the year, almost three percentage points more than in the same year-ago period.

Casino Lisboa, which opened in May, in two and a half months of activity generated revenues of 14.57 million euros.

Contrary to what was expected, the revenues at Casino Estoril, on the outskirts of Lisbon, fell only marginally, by 0.62 percent to 61.44 million euros.

The casino at Póvoa do Varzim in northern Portugal, which is owned by the same group, had revenue of 26.38 million, or a rise of 6.51 percent.

In total, Portugal’s casinos had revenue of 166.35 million euros in the first half, or 12.2 percent more than in the same period of last year.

Portugal’s second largest gaming group, Solverde, saw its market share fall by 1.7 percent, to 29.4 percent, despite all its casinos having shown an improvement.

Four new casinos are due to open in Portugal by 2008 – in Tróia (Amorim Turismo), Chaves (Solverde), Sao Miguel (ASTA) and Porto Santo (Siram). (macauhub)