Tourism looks towards India

[caption id="attachment_28845" align="alignnone" width="1158"] Photo: Instagram mbinitials[/caption] UPDATE: Early morning flights were grounded still Thursday morning. As of 8 am, arrivals are expected to land from 8:45 am. Departures are a mix of cancellations, delays and boarding. Flights to London airports are cancelled, but service to Paris is operating (flights are boarding). The snowfall predicted by Météo-France came late in the afternoon Wednesday, February 28, but by 6 pm, departures at Nice-Côte d'Azur airport were either delayed or cancelled. As of 7 pm, all flights were grounded, although some arrivals did land after 9 pm. The airport stated on Wednesday: "Air traffic may be disrupted due to bad weather conditions (snow) tonight and tomorrow, on Thursday, March 1." The airport advises passengers to check traffic conditions and flight status in real time on their website: Arrivals and Departures.

For further information, passengers should call their airline directly or contact the airport's Call Centre at 0820 423 333 (€0.12/minute).

Are you in a Monaco winter wonderland? Share your pics: editor@monacolife.net

Article first published February 28, 2018. Homepage photo: Instagram aeroportnice

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[caption id="attachment_17980" align="alignnone" width="1280"] SBM's CEO Jean-Luc Biamonti[/caption] The Société des Bains de Mer, the controller of Monaco’s casinos and the dominant hotel operator in the Principality, has announced its annual results showing a continuation of previous trends. CEO Jean-Luc Biamonti delivered the figures at a press conference at the Salle de Belle Epoque at the Hotel Hermitage Tuesday afternoon. Overall, turnover fell from €461.4 million in the previous year to €458.8 million from April 1, 2016, until March 31, 2017. Once again, it was gambling revenues that dented SBM’s results, down six percent, largely due to a fall in profits for traditional gaming tables such as roulette. Electronic gaming machine income fell by a lesser amount. On the other hand, the hotel sector has performed better, despite the reduced capacity of the Hotel de Paris as renovation work continues. Rental income showed a nine percent increase over the year, largely offsetting the gambling losses. The increase in rental revenue was partly due to more space being available and including boutiques, the Monte-Carlo Bay residences and the new villas at the Sporting. The operating deficit for the period was €32.8 million, up from €31 million in the previous 12 months. The consolidated net deficit was €36.4 million, up from €29.1 million. The Betclic Everest Group lost €4.2 million compared to a profit of €2 million in the previous 12 months, a further disappointment for the company. Announcing the financial results on Tuesday, June 13, SBM said that preliminary results since April 1 this year show a slight improvement, and did not discount the impact of the events of July 14 in Nice last year. French (21%), Russians and Eastern Europeans (13%), Americans (13%) and Italians (11%) are the most popular markets for SBM, which is hoping to further develop their Asian client base.

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