Pre-tax profits at the Dublin casino business established by the late Richard Quirke last year decreased by 45% to €4.5m.
New consolidated accounts filed by Carlton Entertainment Property Holdings Ltd show that it recorded the drop in profits as revenues increased by 16% from €12.72m to €14.75m in the 12 months to the end of June last.
Founding shareholder, Mr Quirke died on October 5, 2024 and the directors state that Mr Quirke’s “contribution to the development and success of the business is immeasurable”.
The former garda opened Dr Quirkey’s Good Time Emporium on Dublin’s O’Connell Street in 1976 and the renamed Carlton Entertainment business is today run by Mr Quirke’s daughter, Debbie Lawrence and its flagship outlet is the Carlton Casino – formerly Dr Quirkey’s Good Time Emporium.
A note attached to the accounts states that €145,678 is recoverable by the group from the estate of Mr Quirke.
The directors state that the principal activity of the company “is the provision of diverse entertainment offerings” at a number of venues in Dublin and profits decreased in 2025 as the group benefited from a non-cash €3.99m gain in 2024 that did not re-occur in 2025 arising from the reversal of an asset impairment.
The directors state that in its commitment to excellence the company promotes responsible gambling through staff training and service delivery.
The group changed its name from Dublin Pool and Juke Box Company Ltd in May 2025 and the group recorded post tax profits of €3.92m after incurring corporation tax charge of €589,667.
On the group’s future developments, the directors state that the company plans to continue its present activities and to grow trading beyond current levels.
Last year, the group paid out €3.98m to acquire intangible assets, €2.18m to acquire tangible assets and €1.44m to acquire investments.
The group also received €1.1m from sales of tangible assets and €750,000 from sales of investment properties.
The directors state that “the company continues to pursue growth and efficiency strategies through reviewing acquisition opportunities, managing significant transformative projects and securing new business with new and existing customers”.
The directors state that “the company is constantly considering new projects and strives for continued profitability”.
Shareholder funds totalled €33.79.m at the end of last June as accumulated profits amounted to €30.54m.
Cash funds decreased from €5.43m to €4.2m.
The profits for 2025 were also hit with a loss of €565,113 on the disposal of tangible assets and by a large hike in directors’ pay as remuneration increased by 57% from €993,039 to €1.55m.
Five directors served during the year including the husband of Rosanna Davison, Wesley Quirke.
Numbers employed by the business remained at 95 – made up of 86 staff, five directors and four in management. Staff costs increased from €5.26m to €5.76m due mainly to the increase in directors’ pay.
Net cash generated from operating activities in 2025 totalled €4.7m.
Reporting by Gordon Deegan
