The Beaulieu casino intends to re-open its doors

by Guy Loyola

”[…] A few years ago, the Beaulieu casino experienced a financial nightmare. The establishment reopens its doors. A buyer chosen by the municipality will soon take over the orders by 2014. The city is breathing again. The opinions of the inhabitants are unanimous. A casino reopens its doors while the crisis is not over. […] ”

Ranked as the second casino in France in the 1950s, the Beaulieu establishment intends to re-open its doors very soon. The establishment wishes to turn the page on a past marked by the economic crisis but also by draconian legislation such as the anti-smoking law but the authorization by ARJEL of online games on the internet.

After two closings, a bankruptcy filing, a judicial liquidation, the Beaulieu casino will finally see the light of day again. A news that today in the city seems to be unanimous.

“This will allow us to make a little more traffic in terms of our sales. Before, we continued to count on the months of July and August, because it is the holiday period. Now tourists will be present all year round. It’s a real godsend for us ” said a trader from Baulieu. It is therefore a boon for businesses and for municipalities.

A few months ago, the city was officially classified as a tourist resort.

The municipality, owner of the walls, will collect progressive annual rents from the casino manager, which could reach between € 280,000 the first year to € 480,000 the fifth year.

The annual levy on gaming products could also bring in more to the municipality up to 1,000,000 euros depending on the year. A real annuity in the long term.

To this financial windfall is added a social impact, especially for the 50 casino employees made redundant three years ago.

The Mayor, Roget Roux said that if the buyer has no social and moral constraints, the manager should easily take over the same employees who had lost their jobs three years ago.

The manager of the casino said in an interview: “Our casino is located between high end and luxury, a casino that faces the sea, where we are going to see a significant traditional gaming activity with a real asset of 75 continuous slot machines. We sincerely believe that this casino has real potential and we are going to do what is necessary to prove it ”.

The manager has already invested 3 million euros. The town hall for its part has given its pocket 1,800 million for the restoration of the premises without there having in the future a fiscal impact.

Beaulieu-sur-Mer is therefore now waiting to find its casino. Economic and financial engine for tourism and culture, the reopening of which is scheduled for the first half of 2014.

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