Societe Fermiere du Casino Municipal de Cannes SA (FR:FCMC) has released an update.
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Societe Fermiere du Casino Municipal de Cannes SA’s Board of Directors reported a marginal increase in turnover to 48.9 million euros for the first half of 2024, despite a decrease in gaming revenue and a varied performance across hotel properties. The company also completed the acquisition of CG Capital, impacting its net cash position, which fell to 8.7 million euros from 41.7 million euros. Additionally, the Group’s net result improved, with losses narrowing to -3.3 million euros compared to -14.7 million euros in the first half of 2023.
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