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PARIS, Jan 24 (Reuters) – French retailer Casino on Wednesday said it had reached agreements with Auchan Retail and Intermarche parent company Groupement Les Mousquetaires on the sale of „almost all“ of its hypermarkets and supermarkets.

It added that these agreements provide for the sale of 288 stores (and the service stations attached to these stores), based on an enterprise value of between 1.3 billion and 1.35 billion euros ($1.42 billion to 1.47 billion).

The disposals will take place in the second quarter of 2024, after consultation with unions, the company said.

The operation is set to leave Casino with upmarket brand Monoprix as well as Franprix, which also focuses on city-centre stores.

Casino also said Groupement Les Mousquetaires and Auchan have undertaken to take over the employment contracts of staff assigned to the transferred stores and service stations, and to maintain existing labour agreements for 15 months.

Les Mousquetaires (LM) and Auchan said in a joint statement that LM would take over 190 stores and Auchan 98 stores. They added that the operation would safeguard 12,000 jobs in the stores and would be finalised in the coming months.

In a separate statement, retailer Carrefour said it had started exclusive negotiations with Groupe Intermarche to acquire 31 stores which generated sales of around 400 million euros in 2022. It gave no detail on the price.

It added it had also committed to maintain all employees working in the stores and their social benefits for a minimum period of 15 months.

The restructuring of the debt-ridden French retailer by a consortium led by Czech billionaire Daniel Kretinsky will massively dilute current shareholders and will end the 30-year reign of Jean-Charles Naouri, who controls Casino through his listed holding company Rallye.

Kretinsky’s consortium will own and control 53.7% of Casino’s share capital under the deal, which calls for 1.2 billion euros of new money to be injected into Casino, as well as a 6.1 billion euro reduction of Casino’s debt.

Casino stock was suspended ahead of the statement. It closed at 0.6 euros on Tuesday, following a years-long slide that took it down from around 23 euros at the end of 2021 and 96 euros per share mid-2014. It traded as high as 114 euros at the end of 1999.

($1 = 0.9167 euros) (Reporting by Geert De Clercq, editing by Tassilo Hummel and David Evans)

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Explore the Exciting Ontario Online Casino Scene: State-of-the-Art Platforms, Legal Gambling Status, Bonuses and More!

For all Canadian players looking to enjoy a great online experience, Ontario provides plenty of opportunities with its vast selection of online casinos affiliated through casimoose.ca. Legal and regulated by the provincial government, these sites offer generous bonuses and promotions with a vast collection of games. In this article, we take an in-depth look at the legal status, types of games, operators, mobile options, sportsbook, and everything else you need to know about Ontario’s top online casino sites.

Ontario Online Casino – Legal Gambling and Winning Real Money!

What is the Legal Status of Online Gambling in Ontario?

The legal status of online gambling in Canada is a complicated matter, and Ontario is no exception. To be able to operate online casinos, operators must adhere to the regulations and laws set out by each province. In the case of Ontario, the Alcohol and Gaming Commission of Ontario (AGCO) regulates all forms of gaming, including online casinos. For operators to offer their services legally in the province, they must hold an appropriate license from the AGCO.

Overview of Canadian Laws on Gambling

Canada’s Criminal Code distinguishes between two kinds of gaming: betting and wagering, where wins or losses are decided solely by chance; and lotteries and game shows, where skill and knowledge are important components. Betting is regulated largely on a provincial level across Canada, whereas lotteries are governed more by federal regulations. Online casinos are subject to both types of law.

In 2000, the Canadian Government established a National Strategy for Responsible Gambling that seeks to keep gambling fair and safe throughout the country. The aim is to identify potential harm from gambling and intervene when necessary. Each of Canada’s 13 provinces and territories has their own laws and regulations in regards to gaming.

Regulations and Licensing Requirements for Operators

To obtain a license from the AGCO, operators must meet numerous requirements. For example, every game available at an operator must be tested for fairness, accuracy and security. Additionally, all operators must keep records on customers and transactions for seven years, outlining any suspicious activities encountered during this time.

Approved operators are also subject to periodic reviews which may include additional requirements such as providing the AGCO with access to their control systems. Any operator that does not comply with the law can face fines or have their license revoked by the regulator.

Types of Games Available at Ontario Online Casinos

Ontario online casinos are able to offer a wide range of games including slots, table games, video poker and live dealer options. Slots are some of the most popular games available, with different types offering different features. For example, progressive jackpots link multiple machines together so that all players contribute to a giant jackpot which is won by one player at random.

Table games include blackjack, roulette, baccarat, craps, and more. Players can also find video poker machines, which combine the excitement of slots with the skill aspect of poker. Live dealer games are a relatively recent innovation in which a real person deals cards or otherwise interacts with players over video.

Who are the Operators Providing Services to Players in Ontario?

There are a number of popular casino brands that offer services to players in Canada. These include top tier operators such as 888 Casino, PlayOJO and Jackpot City, as well as smaller operations like Grand Mondial, Party Casino and 32 Red.

These operators all use various methods to make their services available to players in Ontario. For example, some have physical locations where customers can play games, while others provide an online platform for playing at home. Some have mobile apps so that customers can play on their phones or tablets.

Bonuses and Promotions Offered by Ontario Online Casinos

To attract new players, online casinos often offer various bonuses and promotions. The most common bonuses are match bonuses, which match a player’s initial deposit up to a certain amount. Reload bonuses are also common, which offer players the chance to get extra money when they make subsequent deposits.

Some online casinos offer loyalty bonuses, where players receive extra money or rewards for playing frequently on the site. Also, many operators have special promotions such as weekly or monthly tournaments, where winners can take home large cash prizes or other rewards.

Mobile Gaming Options at Ontario Online Casinos

Many of the operators providing services to players in Canada have mobile apps available. These apps provide access to various online casino games. Players can use their phones and tablets to play slots, table games, video poker and even live dealer games on their devices.

The apps generally replicate the experience of playing on a computer. The graphics may be slightly different but all of the same features are available. Additionally, some apps may also offer additional features such as push notifications for upcoming events or promotions.

Selection of Games & Platforms Used by these Sites

When selecting an Ontario online casino, it’s important to consider the variety of game categories and software developers supported by the site. Most will offer a selection of slots, table games and video poker. They may also have live dealer games, specialty games like bingo or keno, and virtual reality (VR) gaming experiences.

In terms of platforms, most sites support both instant play and downloadable clients. The former allows players to access the gaming library directly from their browser, whereas the latter requires downloading a special software package provided by the operator. Additionally, many sites also offer sportsbooks where customers can place bets on sports events.

Conclusion: Finding an Ideal Match with an Ontarian Casino

If you’re looking to enjoy a great online casino experience in Ontario, it can be difficult to find the right match. It’s important to consider the legal status of online gambling in the province, along with the types and selection of games available, the operators providing services, bonuses and promotions offered, mobile options, and more. This is where casimoose.ca comes in. Their iGaming Ontario guide is comprehensive, up to date and most importantly only features brands which are fully licensed to operate in the province.

However, with so many potential options out there, it’s definitely possible to find a good Ontario online casino that meets all of your gaming needs. With a bit of research on casimoose.ca, you’ll be ready to enjoy the thrilling and rewarding world of online gambling.