The Chamonix Casino Will Soon Be In The Hands Of The SFC
The Chamonix casino is one of the establishments that the Barrière group is offering for sale. The group has found a buyer. This is the Société Française de casinos. It intends to complete the acquisition on January 31, 2016. The SFC already owns 4 casinos in France and for its fifth establishment, it has chosen Chamonix. However, the casino is currently in a downtrend and the company will have to deal with it.
A Major Investment For The Société Française Des Casinos
For the SFC, this will be a significant investment, as the casino is currently in trouble. According to Pascal Pessiot, the company intends to make a major turnaround. For this, it will invest one million euros. This money will be used to make improvements including the installation of new singapore online casino slot machines. The company has also planned an electronic roulette .
The SFC will not stop there, as it also plans to review access to the establishment from the center of the city. A redevelopment is also planned in the casino. However, all is not yet won, because major works await the Société Française des casinos. He must also wait for validation from the municipality.
An Agreement Signed, But The Municipality Has The Last Word
The Société Française des casinos and the Barrière group already seem to agree. This agreement has already materialized thanks to a signature made between the two parties. However, this does not mean that the case has been concluded, because it will still be necessary to wait for the decision of the municipality. Indeed, it has the last word to validate or not this repurchase.
If so, the SFC will therefore be able to conclude at the end of January. The municipality still intervenes within the framework of the public service delegation. This is notably the procedure to be followed in all casinos located in France. Mayor Éric Fournier clarified that this is also the case for the Chamonix casino. The municipality also has a financial interest in the affair.
It should be noted that a levy is made by the town hall on the revenues of the casino. It stands at 8%. It is also the town hall which collects online gambling Singapore money from the rental of the building which houses the casino. It also collects € 200,000 per year.
Other Acquisitions In Sight For The SFC
Acquisitions do not stop at the Chamonix casino for the Société Française des Sasinos. They also covet other establishments. Recently the Barrière group made it known that in order to focus on its new strategy, it is also selling other casinos such as Leucate and Briançon in addition to Chamonix.
The SFC has already aroused its interest in taking over these three casinos from the Barrière group. For the Chambéry casino, the director of the Société Française des casinos noted that it has already taken a loss of € 450,000 for the year 2015. It is a real trend that has taken hold, because already in 2014, this loss amounted to € 850,000.
