Stadtcasino Baden Group Generates CHF7.6m Revenue from Igaming
June 1, 2020 John IsaacThursday the 7th of May 2020 saw Switzerland’s Stadtcasino Baden Group reveal that it generated CHF7.6m ($7.8m/€7.2m/£6.3m) in revenue through the launch of online gaming in 2019. The Stadtcasino Baden Group operates the Grand Casino Baden and co-owns the Casino Davos in Switzerland. The operator was the pioneer of online gaming in Switzerland. It was the first to launch igaming in the country through the platform Jackpots.ch which went live in July last year. The group also reported that their total revenue grew by 16.2% year-on-year to CHF75.3m for the year.
Source of the Revenue

Stadtcasino Baden group generates CHF7.6m from igaming © suju
The Impact of the Covid-19 Crisis on Performance
Early this year, Switzerland’s casinos were ordered to shutdown to curb the spread of the coronavirus (Covid-19). This has resulted in the slowing down of operations and thus igaming remains the only source of revenue for the operator. The Stadtcasino Baden Group chief executive Detlef Brose mentioned that their strong performance in the previous years put the business in a position to withstand the impact of the crisis. He also confirmed that employee layoffs are out of the question and that they are paying all their staff in full despite the short-term working. In an effort to support the government efforts in combating the crisis, the operator has provided hygiene face masks to a number of nursing homes and it has also provided the use of one of its parking garages to staff of a rehabilitation centre at no cost. The Group made a donation of CHF5,000 plus food to the Cantonal Hospital in Aargau, where the company is based. It is also supporting clubs through sponsorship agreements. Mr. Brose also confirmed that the operator is currently supported by their igaming revenue. He was quick to admit that their igaming sector was relatively small considering that the market has only gone live recently and is still attracting players away from unlicensed platforms. The range of games on the igaming platform has also been expanded considerably especially during the wake of the Covid-19 crisis and this, the company reports, has had a positive impact on sales. The 50% stake in Gamanza is also expected to provide the company with additional revenue as it continues to sign up new clients, with negotiations reportedly underway with a number of potential partners.