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Casino Portoroz Ends 2005 With Profit

6 February 2006

SLOVENIA – (PRESS RELEASE) -- Slovenia's second-largest gaming chain, Casino Portoroz, has finished 2005 with a profit of around SIT 100m (EUR 417,000), the first time it has operated in the black for years.

Examining the gaming company's operations in 2005 on Friday, 3 February, the supervisory board of Casino Portoroz said it was pleased with the results.

According to chief supervisor Boris Zupancic, the company ended the year with a profit of SIT 100m (EUR 417,000) on revenues of SIT 10bn (EUR 41.7m).

"We are extremely happy, as this is this is our first profit in four years," he said.

The supervisors also examined claims of alleged mismanagement at the state-controlled company between 2001 and 2005. Audits suggest a lack of transparency, which is why the supervisors opted to get a legal opinion, Zupancic said.

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