The Partouche Groupe, and, in particular, some of its casino directors, have been accused of money laundering and embezzlement by not declaring in full all bets that were made during their poker games.
Some games were allegedly run with up to 20 times higher an amount being wagered than was declared, thus allowing the Partouche Group to avoid substantial amounts of tax. After the announcement of this new court case, the Partouche Group’s market share went down over 15%. However, the group maintains that it is in good standing and has vowed to fight the fraud and money laundering charges.
This case is another blow for the Partouche Group, which was just starting to return to profit after several years of decline. The casino in Cannes, for example, has been revived through renovation and a move to the city centre.
Apart from directors, two players have also been placed under judicial control, accused of complicity and concealment of abuse of corporate property.
Full article: Blasting News (French)
