Company Profile For Societe Anonyme des Bains de Mer et du Cercle des Etrangers a Monaco

Societe des Bains de Mer SA (Societe Anonyme des Bains de Mer et du Cercle des Etrangers a Monaco) is a Monaco-based holding company primarily engaged in the operations in two sectors: games and hotel business. The Company operates a resort in Monte Carlo, which comprises casinos, including Casino de Monte-Carlo, Casino du Cafe de Paris and Sun Casino, among others; deluxe hotels, such as Hotel de Paris, Hotel Hermitage, Monte-Carlo Bay Hotel & Resort and Monte-Carlo Beach Hotel; bars and restaurants, among which there are: Jimmy’z, Sea Lounge and Blue Gin, and spas. Societe des Bains de Mer also offers various cultural and leisure events, such as the Opera, the Cabaret and the Monte-Carlo Golf Club. The Company operates through a number of subsidiaries, including Societe Anonyme Monegasque d’Entreprise de Spectacles (S.A.M.E.S.), Societe Anonyme Monegasque des Thermes Marins Monte-Carlo (S.T.M.), Societe Anonyme Monegasque Generale d’Hotellerie (SOGETEL) and others.

BRIEF: For the fiscal year ended 31 March 2009, Societe des Bains de Mer's total revenue decreased 13% to EUR400M. Net income for the period decreased 57% to EUR40.6M. Total revenue reflects a decrease in demand for Company's products and services in Games business segment. Net income for the period suffered from decreased operating margins and other financial income/charges as well as increased impairment.

Societe Anonyme des Bains de Mer et du Cercle des Etrangers a Monaco
Place Du Casino
Monte-Carlo     98000

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