{"id":11147,"date":"2025-04-02T13:31:35","date_gmt":"2025-04-02T13:31:35","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=11147"},"modified":"2025-04-02T13:31:35","modified_gmt":"2025-04-02T13:31:35","slug":"groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette\/","title":{"rendered":"Groupe Partouche reshapes Cannes strategy with casino sale and landmark acquisition on La Croisette"},"content":{"rendered":"\n<p>In a bold real estate and strategic move, <strong>Groupe Partouche<\/strong> has signed a binding agreement to <strong>sell its historic Cannes property<\/strong> on rue Fran\u00e7ois Einesy, which once housed the H\u00f4tel 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 <strong>spring 2025<\/strong>, aligning with the group\u2019s asset optimization plan.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/puntoventa.online\/producto\/diamond-iii\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" style=\"width:840px;height:auto\"\/><\/a><\/figure>\n\n\n\n<p>Simultaneously, Partouche is <strong>strengthening its footprint in Cannes<\/strong> by acquiring <strong>80% of Casino Les Princes<\/strong>, situated at the prestigious <strong>50 Boulevard de la Croisette<\/strong>. The newly renamed <strong>Casino Partouche Cannes 50 Croisette<\/strong> complements the group\u2019s offerings at Royal Palm, creating a powerful casino presence along the Riviera.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"704\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette2-1024x704.jpg\" alt=\"\" class=\"wp-image-11149\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette2-1024x704.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette2-300x206.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette2-768x528.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette2.jpg 1300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The move comes as Groupe Partouche posted strong Q1 2025 financials, with <strong>consolidated revenue rising 6.5% year-on-year to \u20ac126.4 million<\/strong>. Casino operations alone generated <strong>\u20ac117.6 million<\/strong>, and digital gaming grew by 11.7%. The company also announced a <strong>stable dividend of \u20ac0.32 per share<\/strong>, reaffirming investor confidence.<\/p>\n\n\n\n<p>This dual move\u2014divesting a non-core asset while doubling down on premium locations\u2014signals a new chapter in Partouche\u2019s Cannes expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The move comes as Groupe Partouche posted strong Q1 2025 financials, with consolidated revenue rising 6.5% year-on-year to \u20ac126.4 million. Casino operations alone generated \u20ac117.6 million, and digital gaming grew by 11.7%. <\/p>\n","protected":false},"author":1,"featured_media":11150,"menu_order":157,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[57,3184,4814],"class_list":{"0":"post-11147","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-casinos","8":"tag-europe","9":"tag-monaco","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Groupe Partouche reshapes Cannes strategy with casino sale and landmark acquisition on La Croisette - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"The move comes as Groupe Partouche posted strong Q1 2025 financials, with consolidated revenue rising 6.5% year-on-year to \u20ac126.4 million. Casino operations alone generated \u20ac117.6 million, and digital gaming grew by 11.7%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/groupe-partouche-reshapes-cannes-strategy-with-casino-sale-and-landmark-acquisition-on-la-croisette\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Groupe Partouche reshapes Cannes strategy with casino sale and landmark acquisition on La Croisette - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The move comes as Groupe Partouche posted strong Q1 2025 financials, with consolidated revenue rising 6.5% year-on-year to \u20ac126.4 million. 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