Altai Palace

Performance indicators

2023: Profit growth 2.2 times to 599.5 million rubles

In 2023, Altai Palace LLC, the operator of the only legal casino Altai Palace in Siberia, registered a net profit of 599.5 million rubles, which is 2.2 times more than a year earlier (269.1 million rubles). The company's revenue during this time increased 1.6 times - from 592.8 million rubles in 2022 to 938 million rubles a year. Such dali appear in the reporting under RAS, which was published in early April 2024.

According to Interfax with reference to the report of Altai Palace LLC, the company's revenues from gaming tables in 2023 reached 384.6 million rubles (this is twice as much as a year earlier), revenue from slot devices - 553.3 million rubles (an increase of 34.6% compared to 2022).

Unsplash

The cost of sales of the casino operator Altai Palace in 2023 increased by 36.2% and amounted to 105.1 million rubles. Gross profit increased 1.6 times (to 832.9 million rubles), profit from sales - 1.8 times (to 671.3 million rubles), profit before tax - 2.2 times (to 602.1 million rubles).

By the end of 2023, the company's accounts payable increased to 112.3 million rubles from 93.85 million rubles a year earlier. Accounts receivable during the same time rose from 498.9 million rubles to 1.06 billion rubles.

As of the end of December 2023, the sole owner of Altai Palace LLC is Kuzbass businessman Vladimir Kutyev. He also owns 100% each in Altai Palace Hotel and Altai Palace Capital and 50% each in Altai Palace Group. In addition, Kutyev controls a number of companies in the Kemerovo region.

The Siberian Coin gambling zone was formed in the Altai region in 2008. It is located near the SEZ of the tourist and recreational type "Turquoise Katun," the area of ​ ​ the gambling zone exceeds 2 thousand hectares.^[1]

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