Circus Casino France, the French subsidiary of Gaming1, increases its presence in Switzerland with the purchase of Partouche's shares in Casino Crans-Montana. This operation allows Circus Casino France to become the main shareholder of the establishment with 57%.
Circus Casino France has informed in a press release that the remaining share percentages remain in the possession of the municipalities of Crans-Montana, Lens and Icogne, as well as the Ispar Holding group.
We must emphasize that this transaction allows Circus Casino France to enter the Swiss market in an establishment that before the outbreak of the health crisis had an annual turnover of 15 million Swiss francs.
Casino Crans-Montana, a renowned casino located in Valais, has 53 employees, was founded in 2000, offers slot machines and table games.
In this regard, Sébastien Leclercq, Country Manager Circus Casino France, emphasizes that the transaction responds to the company's growth strategy and highlights the outstanding reputation of Casino Crans-Montana.
We must also remember that Gaming1 has developed a technological and digital platform that allows land-based operators in regulated markets to develop an online presence through legal gaming sites. In this regard, and considering that Switzerland grants land-based gaming establishment license holders the right to have their own digital gaming site, Gaming1 is expected to soon develop an omnichannel offering for Swiss gamers.
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