MONTE CASIO PROFITS

Evening Star, Issue 19632, 11 August 1927, Page 12

MONTE CASIO PROFITS

DIVIDEND OF 175 PER GENT. FAMOUS GAMING RESORT. “ The mil'll who broke the bank at Monte Carlo ” does not appear to have impaired the prosperity of that famous paining resort, if we may judge from the general statement -of its 'accounts which has just been made to the stockholders. . ' The report is for the fiscal year ended March Ml. .1027. It shows an income from the gambling saloons of over a million sterling, including £72,000 for admission fees and £16.000 from the tobacco monopoly. Against this must be set expenses of £500,000, leaving net profits of £680,000. Out of this the stockholders receive a dividend of 175 per cent., while £BO,OOO is paid to the Prince of Monaco as his royalty end £64,000 to the French Government foi the privileges of commerce and of having the shares quoted on the Bourse. With this highly satisfactory showing, it is not surprising that the estab-. lishmont is now being enlarged with the erection of a large new building, a. club bouse containing twenty-one tennis courts, and an immense swimming pool T i Blanc family are' still the largest stockholders, and among their associates are the Radsdwills and Bonapartps. Basil Zaraboff recently disposed of ins ■holdings. It is interesting to observe that a number of shares of stock arc owned by religions organisations, to which they were left by' will.'