It seems wallonian casinos are having bad days. Brussels’ casino is said to be loosing a million euros a month, as heard in this post from our colleague site Casino Yes. 3 other casinos reached the red zone too: Namur, Spa and Dinant. The latter has even been forced by the Random Games Commission to increase its funds.

The setbacks of the Spa casino

Belonging to the Circus group, as for the Namur Casino, the establishment in Spa already finished its last 3 years in the red. Last September to zero, its solvency ratio should be at least 35%. The Commission demanded the management to carry out a capital increase of 2 million euros. In 2010, the shareholders already had to inject 1,6 million euros. Today, the capital of the institution reaches 4,5 million euros.

The reasons given by Circus group

To explain the difficulties encountered by two of its casinos, Circus group considers the conditions of safe operation for its facilities no longer exist, for many reasons. First, the taxation of the industry reaches 44% in Wallonia, which is way too high according to the group. The industry faces lower tips, competition from online actors, the national lottery and also the smoking ban in public places. This law would be responsible for a 15% decrease in sales since last July.