Slot Machine Revenues Down in France

According to casino operator Groupe Partouche, their net profit dropped 64.9% because of the new casino laws that have been passed in France. They say that their slot machine sales plummeted after French Casino entry regulations were passed.

The group says that they do not expect things to pick up any time soon, and are predicting that the second half of the year will take a downward turn as well. They said that they are looking into taking minority stakes in foreign groups to try and build up their bottom line.

Societe Generale analysts said that they had been waiting for the slot machine revenue to drop, especially since the market had anticipated it – which led to a steep correction in Partouche’s shares. The correction had them down 15% since the first of this year.

Partouche said that in order to turn things around they were looking to do a slot machine renewal program where they would design their slot machines around new regulations. The new slot machines would be able to accept bank notes, as requested. They are also looking at getting into creating poker rooms, which they think will bring in more clients as well.
 

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