The Société des Bains de Mer (pronounced: [sɔsjete də bɛ̃ də mɛːʁ də mɔnako]; SBM; Euronext: BAIN) is a company composed mainly of high-end hotels and entertainment in the principality. Notable establishments managed by the company include the Opéra de Monte-Carlo, the Monte Carlo Casino and the Hotel de Paris in Monte-Carlo.
| Traded as | Euronext: BAIN |
|---|---|
| Industry | Leisure |
| Founded | 1863 |
| Founder(s) | François Blanc and Marie Blanc |
| Headquarters | Monte-Carlo, Monaco |
| Area served | Worldwide |
| Products | Casinos, Hotels, Restaurants, Spas/Thermal Baths,Bars and Night Clubs, Tennis Club, Beach Clubs, Golf Clubs |
| Employees | 3,500 |
| Website | [1] |
Contents |
SBM is the largest employer in Monaco. It participates actively in the tourism industry in the Principality. Its main activities are essentially oriented towards the high end fields of catering and gambling. SBM profits are down due to the global economic crisis, starting in 2008 continuing on till 2010 where they have leveled off. They are currently trying to bring more Asian and Middle Eastern visitors to Monaco. With the opening of new hotels and bars, like Buddha Bar.
SBM currently owns 5 Casinos, 5 Hotels, 27 Restaurants, 4 SPA/Thermal Baths, 7 Bars and Night Clubs, 2 Beach Clubs, 2 Golf Clubs. Which Makes SBM own a total of 52 different location, of which 50 are inside of Monaco. (Information can be found at SBM Web page)