Monte Carlo Casino starts cost cutting

Monte Carlo casinos management company declares a progression of reductions intended to accomplish cost savings of around €25 million due to the effects of the Covid-19 pandemic

The operator which additionally possesses 50% of the significant French sport betting brand, Betclic Everest, Societe des Bains de Mar (SBM) will actualize a three-section plan of cuts starting with redundancies for staff aged 57 or older and for representatives in jobs that won’t need substitution. 

That will be then followed by a ‘collective departure plan’ focusing in on divisions that are esteemed to be either heavy on staff, or ones that need reshuffling, to make the strengthen the organisation. 

The third aspect of the arrangement will include endeavors to renegotiate aggregated dealings  with associations. The company said:

This restructuring work is made particularly necessary because of a chronic deficit in the group’s hotel and restaurant operations and its casino activity, linked in particularly to a level of salary costs not in line with the level of turnover generated.’