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Tag Archives: Cannes

France – SFCMC down 18.6 per cent in Cannes during the first half of the year

For the first half of the financial year saw an 18.6 per cent dip in turnover for French operator Société Fermière du Casino Municipal de Cannes (SFCMC), part of the Barriere group. Revenues fell to €25.6m with gross gaming revenue down by 39.2 per cent to just €1m, resulting in a loss of €6.3m. he…

France – Partouche cleared of any wrong doing in Casino 3.14 case

The Partouche Group has confirmed that the tax audit carried out on Casino 3.14 in Cannes was concluded without any adjustment relating to Omaha Poker revenues. The investigation was launched by the Central Service of Races and Games, after the Directorate General of Public Finances called for a check. Partouche stated: “As Groupe Partouche announced…

France – Illegal poker tables closed in Cannes

The judicial police of Nice has closed an underground gaming circle offering illegal poker tables in Cannes. Three people were arrested, two in their forties and one in their fifties who were presented to the Criminal Court on August 2. They are being prosecuted for ‘running an organised casino.’ The case has been postponed to…

France – Partouche in the clear over Casino 3.14 scandal

The investigation at the Tribunal de Grande Instance of Marseille has ruled that French casino operator Groupe Partouche has no case to answer following allegations of malpractice at the Casino 3.14 in Cannes. The court ruled a general dismissal in the case of alleged concealment of poker wagers affecting the Partouche property. The two leaders…

France – Partouche sells its stake in Palm Beach Cannes Côte d’Azur

Groupe Partouche announces has concluded an agreement to sell its minority stake in Palm Beach Cannes Côte d’Azur. This sale will be finalised in July 2019 for a total amount of € 11.5m(securities and receivables). Partouche stated: “This operation is part of the Group’s strategy to focus locally on the development of its new casino-hotel…

France – Partouche files complaint over media involvement in Casino 3.14 arrests

French casino group Partouche has filed a complaint for violation of the secrecy of the company against what it termed ‘the media campaign of discredit orchestrated by the police’ following the high-profile of key member of its staff at casino 3.14 in Cannes. Three casino managers were arrested by the police division of the Central…

France – Police arrest Partouche casino managers following Cote d’Azur poker investigation

Three casino managers from French casino operator Partouche have been arrested by the police division of the Central Service of Racing and Gaming (SCCJ) as part of an investigation into ‘money laundering and tax evasion,’ ‘unlawful possession of a casino’ and ‘abuse of social good.’ A further four people were arrested in Nice. The investigations…

France – Relocating to Cannes 3.14 proves key for Partouche’s annual performance

The proof was in the pudding for French casino operator Partouche who, having recorded strong growth over the last year with income up by € 45.5m, revenue up and operating profit doubling, could now point to the success of two headline grabbing relocations last year as being pivotal to its success. 2017 saw investments made…

France – SFCMC reports increase of 10.6 per cent in Cannes

La Société Fermière du Casino Municipal de Cannes, a listed subsidiary of the Lucien Barrière group, has significantly improved its turnover for the financial year ending October 31, generating a total of €143.2m, which marked an increase of 10.6 per cent. The company operates two casinos; Le Croisette and Les Princes, three hotels and two…