Land-based Grand Casino Luzern benefits from online gaming license during COVID-19

The group’s online casino helped bring in revenues while the land-based casino was shut

Last year has been good for the Swiss Grand Casino Luzern especially since it launched its internet casino last August which helped increase 2019 revenues by 18.3 per cent.

The group’s online casino called MyCasino continued to operate during the coronavirus lockdown and thus helped bring in revenues while the land-based casino on the shores of on Lake Lucerne had to close mid-March. 

 

The group said that the successful start of the online casino was the highest financial point of 2019, marking a milestone in the long history of the Grand Casino Luzern Group.

 

The group said that the successful start of the online casino was the highest financial point of 2019, marking a milestone in the long history of the Grand Casino Luzern Group. The license granted by the Federal Council is the result of the enormous amount of work that has been done in recent years to develop the new business area of online casinos. The gross gaming revenue from MyCasino totaled CHF 8.93m in the first four months of operation. 

A spokesperson said: “The economic environment changed drastically with the corona virus and the lockdown. In mid-March, the Federal Council ordered a ban on meetings, severely restricted the options for going out and ordered many shops to be closed. The land-based areas of Grand Casino Luzern AG also had to close and short-time work was introduced for the employees. Mycasino is an exception: the online casino can continue to operate. The consequences of the corona virus crisis for Kursaal-Casino AG cannot yet be reliably estimated. In this situation, the Board of Directors wants to protect the company’s financial strength.” 

The Grand Casino Lucerne was again voted favorite from the public in 2019 in the important Casinos.ch voting. This is the fourth time in a row that the Lucerne-based company has been awarded the title Most Popular Casino in Switzerland. In total, over 200,000 people visited the Casino in Lucerne last year. 

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