Partouche is considering an assignment well
Putting an end to rumors, the French operator of casinos has announced it is in discussions with the developer Michel Ohayon to sell the majority of its capital and voting rights.
“Following reports in the press as well as unusual movements and volumes recorded on the stock, and to ensure equal treatment of information, group Partouche confirms that its family shareholders are currently in discussions with Mr. Michel Ohayon, Group statement of casinos within a financial review.
Indeed, this confirmation is a response to speculation reported by the press as well as unusual behavior of the stock price yesterday (+6% with nearly 107,000 shares traded).
These discussions could lead to the sale of a majority of the share capital and voting rights group. Following a protocol signed between the parties in late September, a number of expertise and diligence is underway.
“The realization of this potential transaction would result in the obligation of the purchaser to make a tender offer or a simplified public offer for all of the group’s actions, in accordance with market regulations,” explained the company.
Partouche is valued EUR 763 million in stock based on the closing price of 17.70 euros yesterday.
In late August, the group reported a net profit of 24.3 million euros for the first half, up 18% and a turnover of over nine months up 13.7% to 379.9 million euros.
Villeneuve-Loubet: construction, maintenance and operation of a gambling casino on land made available for consideration by the city.
Announcement No. 10, published on 20/10/2006 in BOAMP 201 B, dept. 6
Official name and address of the procuring agency: Mayor of Villeneuve-Loubet.
Correspondent: The mayor of Villeneuve-Loubet, Place de l’Hotel de Ville, BP 59, 06270 Villeneuve-Loubet, tel. : 04-92-02-60-00, fax 04-92-02-60-23, email: bruno.saulnier @ mairie-villeneuve-loubet.fr.
Subject matter: construction, maintenance and operation of a gambling casino on land made available for consideration by the city.
Type of works contract: design and implementation.
CPV – Main object: 45000000
Additional object: 92351200.
Place of Performance: Villeneuve-Loubet.
NUTS code: UK.
Main features:
Convention delegation of public service as a casino concession agreement and occupying Crown inseparable.
The main tasks to be entrusted to the concessionaire for a period of 18 years will be:
- Design, financing, construction and maintenance of a casino with several gambling halls, an auditorium, a restaurant, bar and parking for 80 cars to a minimum;
- Operation of the casino and its facilities;
- Payment of the levy on municipal gross gaming revenue equal to the maximum permitted 15%.
He will assume the payment of the fee for the amount he will have committed quantities (supplies and services), the nature and extent (work): the site provided an area of 3347 square meters has a floor area of 1 876 meters square. The delegate will operate the service at its own risk for a period of 18 years.
Refusal variants.
Legal form to be taken by the grouping of economic operators to be awarded: Candidates must prepare an application, written in French, to assess their professional and financial guarantees, to verify compliance with the obligation to employ disabled workers under Article L. 323-1 of the Labour Code, as well as assessing the ability to ensure continuity of public service and equality of users before it. If merged, the letter of nomination must be duly completed and signed by each member. The other parts are delivered to each member. Should an application on behalf and on behalf of a company being formed, all the parts above will be communicated to all shareholders of that company
Languages may be used in the tender or application: French.
Entry requirements:
Selection Criteria: Applications will be assessed on the basis of professional and financial guarantees provided by the candidates and the justification of compliance with the obligation to employ disabled workers laid down in Article L. 323-1 of the Labour Code on the one hand and their ability to ensure continuity of public service and equality of public service users before the other.
Legal position – means of proof required:
- The letter of application and motivation;
- Excerpt from registration in the Commercial Register or equivalent;
- A sworn statement or certificate that;
- The candidate has not been, over the past five years, from a conviction entered in the update 2 from criminal records for offenses under Articles L. 324-9, L. 324-10, L. 341-6, L. 125-1 and L. 125-3 of the Labour Code;
- The applicant is current on its tax obligations and social
- The candidate meets the obligation to employ disabled workers laid down in Article L. 323-1 of the Labour Code;
- Character references under the laws of the casinos (criminal record of the CEO of the applicant company or equivalent).
Economic and financial capacity – means of proof required: Assessment and schedules for the past three years, operating accounts and income and the report of the auditor for the last three year or equivalent.
Professional reference and technical capacity – means of proof required: References concerning guarantees and professional techniques and their ability to ensure continuity of public service and equality of users
Award criteria:
The most economically advantageous tender in terms of the criteria stated below (in order of decreasing priority):
- Proposal of the proposed activity on the game and especially considering the number of games and their distribution; premises and areas allocated to different categories of games, the number and quality of staff assigned to different categories of games; animations proposed direct or indirect;
- The technical and architectural value of the project;
- The deadline for commissioning the casino and its complex
Type of procedure: other.
Publications on the same visit:
Date of dispatch of this notice in the OJEU: October 17, 2006.
Deadline for receipt of applications: December 15, 2006, at 15 hours.
Other information:
Conditions for submission of tenders or applications, application, submitted in two envelopes, will be on the line against receipt or sent by registered mail with return receipt mail. They can not be transmitted electronically. The outer envelope, in addition to the recipient’s address marked “Application for delegation of public service to the casino. – Do not open “. The inner envelope will contain all the documents detailed in paragraphs: legal form to be taken by the grouping of economic operators to market, legal status, economic and financial capacity and professional reference.
Address from which documentation may be sent or delivered: Hall of Villeneuve-Loubet, Services Branch, Place de l’Hotel de Ville, 06270 Villeneuve-Loubet.
After receipt of nominations, the Committee delegation of public service will list candidates to submit an offer. The mayor then send successful applicants a free consultation file defining the characteristics of services, the manner of submitting their bids and the deadline
Date of dispatch of this notice for publication: October 18, 2006.
Address from which further information can be obtained at: As mayor of Villeneuve-Loubet.
Correspondent: Bruno Saulnier, Place de l’Hotel de Ville, 06270 Villeneuve-Loubet, tel. : 04-92-02-60-03, fax 04-92-02-60-23, email: bruno.saulnier @ mairie-villeneuve-loubet.fr.
Partouche casinos interest to a developer Bordeaux
The discussions could lead to a sale of a majority of the group by the founding family.
ONE OF two leading French casinos, Partouche , has once again entered a phase of negotiation of sale, two years after breaking up with investment funds Permira and Cinven. “We have signed a” due diligence with the developer * Bordeaux, Michel Ohayon, confirmed yesterday Patrick Partouche , CEO of the group and son of founder Isidore Partouche . His clarification is made following major movements on the stock exchange. “The discussions could lead to a sale of a majority of the capital and voting rights of the family Partouche , 72% of the capital, but for now, we have not reached the end of the discussion. Look what happened two years ago when the sales process did not go to completion. ”
“A great company”
In June 2004, discussions have failed the price bid by Permira and Cinven, which is 18 euros per share. Today the group has grown, putting his hand in 2005 on 5 casinos owned SA de Divonne-holding Didot Bottin. And enhancement of the group is thereby increased accordingly. “According to many recent transactions casinos in France, 1.5 times the gross gaming revenue or 8.3 times EBITDA, we value the group Partouche around 860 million euros or 21 euros per share, says one analyst in Paris.
What fanning speculation about the title, who won more than 7% yesterday on the Stock Exchange, valuing the company around 815 million euros. ” Partouche is a very fine company with a very diverse and beautiful coherence of its activities, indicated yesterday Figaro Michel Ohayon, president of Realty Financial Bordelaise (FIB) remained evasive about his motivations. “When we look at entertainment in general, including calling the dream palaces, it is natural that we also look at the casinos. I have a business plan more specific, but let me keep it secret for now. In the meantime, the two protagonists work in a “good mood” in a context where market development prospects are limited both in France and abroad.
New casino Capécure: this time, the chips are down!
A new casino should be released before the end of 2007 on the Place de la République, Capécure. The complex, which also include two restaurants and a piano bar, will be funded and managed by the group Partouche . As to the great hall provided close to the site, it will take a little longer.
Groundbreaking ceremony on or around November 15. This time, finally, a new casino will be created to Capécure on the Republic Square close to the bus depot TCRB. The building permit is waiting for the green light from the architect of buildings in France.
This leisure complex 2000m ² should be created before the end of next year. “It’s a great satisfaction, Jack Ary delights Hamo, director of casino Boulogne. We look forward to leaving the street-Felix Adam. “The current facility, managed by the group Partouche , became dilapidated over time and no longer meets the specifications imposed by the gaming commission of the Ministry of Interior .
The upcoming complex will be equipped with windows and a circular lobby where customers wait while controlling identities. The front is not yet fully chosen. It might look like, or at the bow of a boat or on the contrary display rounded windows. The building will give priority to the games: the number of slot machines will be doubled (from 49 to 100 slot machines), blackjack tables, roulette, but also balls, novelty, American poker made famous by Patrick Bruel. In addition to these gambling Partouche will focus on the restoration with two restaurants. “One will be in the play area and one outside,” said Jack Ary Hamo. This restaurant, not a brewery insists Partouche , will serve nearly 200 guests and give a huge canopy. Finally, the standard of animation required to obtain a gaming license, will also be respected. A piano bar that can turn into a nightclub open until 4 am on weekends. But it was the theater that will revolutionize the new casino. Room from 1500 to 2000 spectators could see the day, but certainly not before 2009, the current site of the bus depot TCRB. Partouche could manage the site which could accommodate comedians, pop singers, but also Congress and private family parties. Bolts finally benefit from a theater.
New: Casinopass for quick access
Under the new regulation, the presentation of identification at the entrance of all casinos in France will be mandatory from 1 November to protect minors and banned from games.
To facilitate entry into casinos, Groupe Lucien Barriere proposes Casinopass card, personal access card that replaces the ID. This card access multiple strengths obtained now by having a first entry of a casino Barrière, provided with a valid ID and fill out a form. The Casinopass it will be delivered free of charge after registration and verification of data.
Groupe Partouche what price to expect the next assignment?
Speculation. The title of Group Partouche had a fever on the market in Paris last weekend. The company has in effect admitted that discussions were ongoing with the developer Michel Ohayon to do his initial stake … These discussions could lead to the transfer of the block of shares held by family shareholders, or majority ownership of the group of casinos. In the event that this transaction would be finalized at the launch of an offer for the minority in the same financial terms, would be mandatory. The richness of Mr. Ohayon is the among the wealthiest French, heritage property would be valued around 350 million euros … The businessman has the means to launch a cash offer on the listed firm while also working on “Barb Hill,” a film satire about the world of real estate …
Casinos. The global context is not very favorable for casinos … The increase in activity over 2005 and emerged is the lowest in the last 15 years. Taxation has also heavier, while identity checks introduced at the entrance of schools may curb the enthusiasm of some players. In the first half of this fiscal year, growth in turnover of the group comes almost exclusively from the extension of the park. After a disappointing 2004/2005 vintage in terms of results, the situation improved somewhat anyway, but we are still far from the margins that prevailed a few years ago. In addition, the Group Partouche displays a relatively high debt, reflecting the acquisitions.
Poker. While institutions should benefit from the arrival of poker among the games offered, the market situation is characterized by a certain gloom … Mr. Ohayon should be able to benefit from better inventory management group, which is capable of restoring the fundamentals. Anyway, the minority will not be around to enjoy it … It seems difficult to anticipate the price will be charged for the transfer of control block, while the last attempt to transfer funds has failed two years ago based on a share price of 18 Euros. In all cases, the best solution is to wait until the final outcome of this case by securing half of her earnings in the current levels. While capital gains accumulate on the title (over 20% on average), we will retain the positions we have always refused to overpay despite the many rumors that circulated in speculative stock market in recent years on the issue.
Half of its cash earnings / Keep the balance pending the outcome capital.
Make your games Bussang
The new gaming facility Vosges creates 43 jobs and will operate slot machines when it opened in November.
A first.
Bussang, his Theatre of the people, its ski resorts, the tourism … and soon a casino.
The 190th and any gaming establishment which has metropolitan France to open in November in the Vosges mountains resort at the foot of the Ballon d’Alsace, some distance from the Upper Rhine. The exact date is unknown. “I will set after the passage of the safety commission,” says, a bit superstitious, Isabelle Ginestar. It is this young woman from the Paris region the group Viking s Casino, which the town of Bussang told the delegation of public service, has put at the head of this new temple of the ball, and the blackjack the English roulette, built like a chalet Vosges 2000 m², with a total investment of six million. “This dream has been made possible by the classification of our common hydromineral station in the 1920s and a strong local” ignites the mayor, Anthony Richardin. Up for grabs, creating 43 jobs. “Des” collaborators “recruited over 90% onsite and within 30 km in partnership with ANPE” indicates Ms. Ginestar. But even before its opening, the casino makes a beautiful Bussang operation. For the first time in France, the first day, the facility will operate fifty slot machines, where, until now, the Interior Ministry asked to justify a full year of operation with less games profit in order to qualify. “Bussang touch the super jackpot”, says MP Vosges Venneson Francis (UMP), which we guess the part played in this “scoop”.
The seventh in the Big East
The Adventure of Bussang casino was completed in four years. It is the sixth embodiment of the group Viking s Casino, found mainly in the Southwest, and the seventh location in the Big East after Niederbronn-les-Bains, Ribeauville, Vittel, Vittel, Plombieres-les-Bains and Gerardmer and if we include Basel. A density that does not scare Ginestar Isabelle. “There’s room for everybody,” she said.
Michel Ohayon confirms
Businessman Bordeaux reminds SOUTH WEST few of the reasons that pushed him to consider becoming the first casino operator in Europe
Michel Ohayon was confirmed yesterday in “South West” its intention to begin negotiations with the family Partouche for the possible purchase of the first European group of casinos. Businessman Bordeaux has remained silent on the modalities of a possible transaction, that it will later. However, we found some of the reasons that led him to become interested in the empire of the game
Though acting in only 45 years, Michel Ohayon already has considerable real estate. But, while continuing to engage in this trade in which he succeeded wonderfully, it seeks to diversify its activities: it now wants to become as a great financier. With this in mind he moved to Paris while keeping strong ties to Bordeaux, where he spent most of his life.
Recurring revenues. For some time, therefore, Michel Ohayon is looking for a big operation in areas somewhat out of his usual sphere of activity. There has been considerable interest in Vinci Park, the largest subsidiary of French construction group which specializes in parking concessions. But, having appeared, he said, willing to sell this entity, leaders have finally changed their minds Vinci. And Partouche is, it seems, the second big issue that he examines in depth as part of its new strategy.
The businessman said Girondin interest in casinos for two main reasons: firstly, it considers that this activity relates to recurring revenues, such as real estate. “I read that it is a mature market that is growing more than 2% per year. But 2% is not bad. “Moreover, Michel Ohayon believes strongly in the development of the leisure market.
If the contractor does not deny Girondin that the game can have painful consequences for some of his followers, he thinks it is only a minority of casino patrons. “We live in a world where most people are responsible and know how to control it. The owner of the Grand Hotel of Bordeaux said that he began to have a taste for business at 17, he mounted his first company at age 21, and he never ceased since then to work intensively . If he manages to actually get their hands on casinos Partouche , we can definitely say that this is not relentless work without paid off for him and his family.