In a bold real estate and strategic move, Groupe Partouche has signed a binding agreement to sell its historic Cannes property on rue François Einesy, which once housed the Hôtel 3.14 and a ground-floor casino. The venue ceased operations in 2024 when the casino relocated to the glamorous Palm Beach site. The transaction is expected to be finalized by spring 2025, aligning with the group’s asset optimization plan.
Simultaneously, Partouche is strengthening its footprint in Cannes by acquiring 80% of Casino Les Princes, situated at the prestigious 50 Boulevard de la Croisette. The newly renamed Casino Partouche Cannes 50 Croisette complements the group’s offerings at Royal Palm, creating a powerful casino presence along the Riviera.
The move comes as Groupe Partouche posted strong Q1 2025 financials, with consolidated revenue rising 6.5% year-on-year to €126.4 million. Casino operations alone generated €117.6 million, and digital gaming grew by 11.7%. The company also announced a stable dividend of €0.32 per share, reaffirming investor confidence.
This dual move—divesting a non-core asset while doubling down on premium locations—signals a new chapter in Partouche’s Cannes expansion.
