French on line casino operator Groupe Partouche has marked a major milestone with the reopening of the Royal Palm Casino in Cannes. The revamped venue, situated on the iconic Palm Beach website, has undergone an intensive renovation, reflecting the operator’s imaginative and prescient of making one among Europe’s premier gaming locations.
Royal Palm Casino reopens in Cannes:
The restoration undertaking, carried out by Cannes-based structure agency Caprini et Pellerin, concerned an funding exceeding €200 million. The new design doubles the gaming space to 600 sq. meters and brings an opulent Nineteen Twenties-inspired aesthetic. Highlighting its unique attraction, the on line casino options simply 33 slot machines alongside custom-made tables for blackjack, English and French roulette, Ultimate Texas Poker, and Punto Banco.
As reported by G3 Newswire, Eric Zana, president and CEO of Royal Palm Casino, expressed the venue’s distinctive imaginative and prescient, stating, “We want to have a royal casino. We want people to feel like they’re in a movie, a show. We’re going to try to bring the history of Palm Beach to life, like it was 100 years ago.”
The reopening of the Royal Palm Casino coincides with Groupe Partouche’s regular monetary progress, regardless of important renovation initiatives throughout its key properties. For the 2024 fiscal yr, the group reported Gross Gaming Revenue (GGR) of €712.3 million, marking a 1.5% improve from the earlier yr’s €701.5 million.
Renovation efforts prolonged past Cannes to incorporate the operator’s three largest casinos in Annemasse, Divonne, and La Tour-de-Salvagny. La Tour-de-Salvagny, now rebranded as Pasino Grand, underwent an growth to rework right into a complete leisure hub. These initiatives left a “lasting impression” on patrons, in line with the corporate, which reported rising buyer enthusiasm for the revamped areas, Globenewswire reports.
In the fourth quarter of 2024 alone, GGR rose by 2.3% to achieve €186 million. Traditional gaming revenues confirmed combined outcomes, with slot machines growing by 1.5% to €504 million, whereas conventional desk video games and digital gaming noticed slight declines of two.5% and 1.4%, respectively.
International markets and future outlook:
Groupe Partouche’s worldwide operations additionally contributed positively to its monetary efficiency. The firm’s abroad GGR climbed by 7.3% to €76.3 million, pushed by strong progress in conventional gaming and on-line platforms. Swiss operations, together with the Meirin Casino, benefited from favorable change charges and a 34.5% surge in on-line gaming income to €23.6 million. Belgium’s Middelkerke Casino additionally posted a 33.3% improve in income.
The reopening of Royal Palm Casino signifies a broader technique by Partouche to modernize its choices and improve buyer experiences throughout its properties. As Partouche said, “Casino Royal Palm thus enters a new era,” highlighting the significance of this transformation for the group’s imaginative and prescient and market place.
