JOA acquires

Groupe Emeraude

JOA acquires

Groupe Emeraude

JOA Group (“JOA”), KPC’s co-investment with Blackstone Tactical Opportunities in the leading French casino operator, has acquired Groupe Emeraude (“Emeraude”), a casino group with eight sites located across France. The Emeraude casinos, which are in complementary locations to JOA’s existing sites, will be transitioned under the JOA banner over time.

The acquisition expands JOA’s casino estate by a third, to 32 sites, making it the second largest operator in France by number of casinos. The integration of the acquired casinos, which will be led by JOA CEO Laurent Lassiaz and his team, is expected to deliver significant operational synergies, in addition to performance uplifts through the application of JOA’s operational and marketing best practices.