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The Partouche Casino La Trinité will close its door at the end of the month
Certainly, French casinos are in a bad way since a few years now. A new facility in the country is about to close its doors in a few weeks after a series of closures in some areas over the past three years. Casino La Trinité-sur-Mer operated by the Partouche Group will end its activity at the end of June while the hotel will remain open during all the summer. This announcement was made long before the gaming commission has pronounced its decision on Tuesday. The chief executive of the Partouche group, Fabrice Paire, announced that it had done everything to maintain activity during its ten years of existence. According to the President, the institution recorded during this period loss of € 8.7 million, the € 5 million invested in the construction of the facility not included. The arrival of new slot machines wasn’t enough to redress the situation; the establishment even registered a loss of € 340,000 last year.
La Trinité-sur-Mer is the only city with which the Partouche group was unable to renegotiate the contract on the tax levied by the municipality because of the crisis. The operator asked to lower the tax from 15% to 5% for some time, but the municipality does not agree to revise down the € 250,000 fee that the casino pays to the city. The situation did not go better for the La Trinité-sur-Mer casino with the upcoming opening of Vannes casino that could make it lose up to 27% market share. Despite the closure, its leaders managed to save a third of the jobs, these employees will be affected in the group's casino in Morbihan.
Source: Jack SMITH
Friday, 12 June 2015
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