Industry News

Casigrangi Completes Purchase of 75% Stake in SFC

Published

4 years ago

January 12, 2021

Niji Narayan

Casigrangi Completes Purchase of 75% Stake in SFC

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Casigrangi, a subsidiary of Groupe Philippe Ginestet, has completed the purchase of 75.07% stake in Société Française de Casinos (SFC), the owner of casinos in Gruissan, Châtel-Guyon, Port la Nouvelle and Collioure.

Casigrangi has bought all of the shares in SFC held by Foch Investissements, Verneuil Finance and Framéliris. The Board of Directors of SFC believes the deal will accelerate the development of the group.

Immediately after the completion of this transaction, the set-up of SFC’s Board of Directors was changed to reflect its new shareholder structure. The Board of Directors is now made up of Dominique Gortari, Chairman and Chief Executive Officer and has Board members, Isabelle Bellino, Agnès Courtade, Julie Humbert and Alban Duchène.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.