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Tag Archives: SFC

France – Former President of SFC Pascal Pessiot sentenced to 16 years in prison

The Former President and main shareholder of the Société française de Casinos (SFC) Pascal Pessiot, 69, has been sentenced to 16 years in prison by the Paris Assize Court, with a socio-judicial follow-up on his release in five years. He was convicted of aggravated rape of a minor and sexual assault of other minors. The…

France – SFC looks to float as profits slide by €14.3m

With profit down by €14.3 m for the last year at Société Française de Casinos, Casigrangi, the company’s main shareholder has confirmed it is filing for a simplified public tender offer. With casinos impacted since March 2020 by the coronavirus pandemic, SFC produced EBITDA of €2.4m in its last financial year to October 2020. The…

France – SFC won’t issue dividends following coronavirus closures

The Board of Directors of the Société fermière du casino municipal de Cannes (SFCMC), said it had decided, due to the crisis linked to the coronavirus Covid-19 not to issue any dividends to shareholders. It said: “We have decided to adopt a prudent and responsible approach and to modify, unanimously, the draft text of the…

France –SFC licence in doubt in Bagnères de Luchon despite previous approval

A public inquiry concerning an agreed casino in Bagnères de Luchon in the French region Haute-Garonne has seen the licence cast into doubt. On June 30, 2016, the city of Bagnères de Luchon signed an 18-year concession for the casino of the city with Société Français de Casinos (SFC). The SFC had asked not to…

France – SFC continues growth into first half of 2017

The Société Français de Casinos (SFC) Group has continued its growth throughout the first half of 2017 with revenues coming at €12.327m, an increase of 25.4 per cent. This follows growth of more than 20 per cent in 2016 following the acquisition or part acquisation of five casinos. The SFC bought 100 per cent of…