Icade makes a first acquisition of 9 sites
Icade makes a first acquisition of 9 sites from Casino Group Pursuant to the binding agreement signed in December 2024 for the acquisition of a property portfolio of 11 sites, Icade and Casino Group are pleased to announce that Icade acquired the first 9 sites for a total of €32m. These sites, consisting of car parks, undeveloped land, business premises and ancillary lots adjoining stores operated by third parties, are located in Marseille (Bouches-du-Rhône), Montpellier (Hérault), Angers (Maine-et-Loire), Gassin (Var), Villefranche-sur-Saône (Rhône), Riantec (Morbihan), Redessan (Gard) and Savigné-l’Évêque (Sarthe). They offer significant potential for conversion involving transforming city fringes, redeveloping the sites into mixed-use neighbourhoods, etc. Two of the 9 acquired sites—Marseille and Montpellier Sud—will be developed in partnership with the CDC Habitat Group. This area has the potential to accommodate around 3,050 new housing units and 29,000 sq.m of renovated retail space. It would also meet stringent requirements in terms of improving the quality of the environment and urban landscape, including through ambitious goals to rewild the land. Casino Group and Icade Promotion also signed agreements under which Casino Immobilier will manage this portfolio for a period of 4 years. In addition, the agreements provide for Casino Group to potentially acquire a stake in the companies that will own Icade’s property development projects. For Icade, this agreement is fully in line with the implementation of its ReShapE strategic plan, with the stated aim of building the city of 2050 today. The conversion of these sites into mixed-use neighbourhoods will be achieved through the Company’s Ville en Vue solution, dedicated to transforming city fringes, thanks to its ability to bring all the stakeholders together and its specific expertise in spatial planning. “This first transaction once again demonstrates Icade’s role as a key player in building the city of 2050 by transforming entire neighbourhoods. In response to the challenges posed by the ‘no net land take’ objective, the housing shortage and the resizing of retail spaces, Icade and the CDC Habitat Group are bringing fresh momentum to the redevelopment of these areas. I would like to thank the Casino Group teams for their trust.”, Charles-Emmanuel Kühne, CEO of Icade Promotion. This transaction will not only reduce Casino Group’s financial debt, in particular vis-à-vis the bondholders of its subsidiary Quatrim, but will also provide leading real estate players with Casino Immobilier’s skills and expertise.“Casino Group aims to expand its convenience retail solutions, which is central to its Renouveau 2028 plan. By increasing its presence, the Group helps transform local communities through its active involvement in their urban, social and environmental issues. Casino Immobilier will assist Icade and the CDC Habitat Group with their value-creating, sustainable regeneration projects, whose vision and aims we fully share, while further reducing the Group’s debt in the short term. I would also like to thank the teams at Icade for their confidence in us.”, Stéphanie Zolesio, Chairwoman of Casino ImmobilierThe remaining sites are scheduled to be acquired in Q2 2025, once the conditions precedent have been met. ABOUT ICADE Icade is a full-service real estate company with expertise in both property investment (portfolio worth €6.4bn as of 12/31/2024 – 100% + Group share of joint ventures) and property development (2024 economic revenue of €1.2bn) that operates throughout France. Icade has forged long-term partnerships to respond to emerging trends in the industry. It has made climate issues and the preservation of biodiversity central to its business model to reinvent real estate and contribute to more sustainable cities. It is listed as an “SIIC” on Euronext Paris and its leading shareholder is the Caisse des Dépôts Group.The text of this press release is available on the Icade website: www.icade.fr/en CONTACTS Anne-Violette Faugeras Marylou Ravix Head of Finance and Investor Relations External Communications Manager +33 (0)7 88 12 28 38 +33 (0)7 88 30 88 51 anne-violette.faugeras@icade.fr marylou.ravix@icade.fr ABOUT CASINO GROUPCasino Group is a recognised leader in the French retail market, operating the country’s largest network of convenience stores with close to 7,500 outlets. It also ranks second in online non-food retailing through its Cdiscount brand. Thanks to its more than 25,000 employees driven by their passion for retailing and customer service, the Group has built a portfolio of strong, dynamic, complementary brands and reported net sales of €12.5 billion including VAT in 2024. With a clear vision of how its industry is changing, the Group is committed to accelerating the transformation of retail.For more information, visit: www.groupe-casino.fr CASINO GROUP – PRESS CONTACT:Casino Group – Communications DepartmentStéphanie Abadie – sabadie@groupe-casino.fr – Tel: +33 (0)6 26 27 37 05Press Relations – directiondelacommunication@groupe-casino.fr – Tel: +33 (0)1 53 65 24 29 ANALYSTS AND INVESTORS CONTACTS FOR CASINO GROUPCharlotte IZABEL – cizabel@groupe-casino.fr – Tél : +33 (0)6 89 19 88 33IR_Casino@groupe-casino.fr – Tél : +33 (0)1 53 65 24 17 PR Icade – Icade first acquisition Casino Source link
Las Vegas – Not Relying on Casino Tourism Anymore
Casino tourism in Las Vegas isn’t going anywhere, but the city’s money-making strategies are shifting unexpectedly. Vegas used to be all about gambling, but now entertainment, live concerts, sports matches, and fancy dinners are stealing the limelight. Even the old-school casinos are slowly letting way for more modern and mixed-up experiences. Casinos and traditional gambling are fading gradually, and many factors are nudging that change. You could say the city’s income sources are spreading out. Once, the whole vibe was set around betting; nowadays, Vegas is buzzing with shows, restaurants, clubs, and sporting events—quite a turnaround if you ask me. Back in the 1980s, casino earnings made up about 60–70% of hotel profits, but these days, you’re looking at numbers closer to 35% in most cases. There’s also stiffer competition—many U.S. states now have their casinos, so folks don’t need to head all the way to Vegas. Places like Macau and Singapore offer high rollers a gaming experience that many find hard to beat. Then comes the online twist: digital casinos and sports betting apps let players wager right from home. This is especially appealing when traditional tabletop games just don’t cut it anymore for the new crowd. Millennials and Gen Z, for instance, are drifting away from classic gambling and casino tourism. They’re more into immersive, interactive experiences like competitive video gaming (e-sports) and other forms of dynamic entertainment. Not to mention that staying in Vegas isn’t cheap these days. With hotel prices, restaurant bills, and sky-high show tickets—and let’s not forget those hidden charges like resort fees and parking—they often find themselves hunting for better deals elsewhere. Finally, government rules and efforts to curb gambling addiction also shape this slow decline of casino tourism. Stricter responsible gaming measures, along with ongoing awareness campaigns about the risks of gambling, have made the whole casino scene less attractive than it used to be. Source link
Coney Island amusement park owners concerned about casino proposal — CDC Gaming
Hannah Kliger, WCBS-TV Email, LinkedIn, and more As Coney Island amusement parks prepare to open for the season, park owners are worried about the controversial casino proposal. With a fresh coat of paint and a little work, the famed swinging cars of the Wonder Wheel are almost ready to be hung like ornaments on the 105-year-old landmark. “That’s the flower of spring, when that blooms, spring and summer are here,” said Deno John Vourderis, known as D.J., whose family owns Deno’s Wonder Wheel Park. There’s another thing on the family’s mind this season, however. They, like the rest of the community, are watching for developments about the controversial Coney Island casino proposal. Source link
One year in, Terre Haute Casino business is booming, but local businesses don’t see tourism — CDC Gaming
Sunday, March 30, 2025 7:23 PM Image aggregated from Indiana Public Media. Ethan Sandweiss, Indiana Public Media Email, LinkedIn, and more The Terre Haute Casino Resort marks one year of operation April 3. City, county, and casino leaders promised it would benefit the area. The Terre Haute casino earned more than $10 million from gaming in February, about twice as much as southern Indiana’s French Lick Resort. Elected officials, such as former Terre Haute Mayor Duke Bennett, showed enthusiasm at the casino’s June 2022 groundbreaking. “Here’s a company that’s coming in and not ask for any incentives and investing their own money and then having to give some of it back, and then giving it some of it back on their own, that we’re gonna be able to do some really great things for the citizens of our community,” he said. Source link
Bally’s Chicago casino celebrates its 2 millionth visitor — CDC Gaming
Sunday, March 30, 2025 7:15 PM Image aggregated from Chicago Crusader. Chicago Crusader Email, LinkedIn, and more Bally’s Chicago Casino recently announced its 2 millionth visitor, Delphia T. from Chicago, IL. Delphia walked into the historic Medinah Temple location and was awarded a grand prize in celebration of this major milestone for the property. Since opening its doors in September 2023, Bally’s Chicago Casino has become one of the most popular gaming destinations in the state, attracting a steady stream of both new and returning guests. The casino continues to grow in popularity, drawing visitors who enjoy its diverse entertainment offerings and welcoming atmosphere. “We are thrilled to celebrate this remarkable milestone with our guests and the Chicago community,” said Monica Scott, Vice President of Community Engagement for Bally’s Chicago Casino. Source link
JCM Global brings its latest casino tech to the IGA Tradeshow — CDC Gaming
JCM Global will bring 70 years of innovation to the largest gathering of tribal leaders and casino executives in the country at the 38th Indian Gaming Tradeshow & Convention in San Diego, California, March 31 – April 3. Booth #931 will be the showcase for the award-winning products from JCM Global. The industry-leading and transformative technology designed for Native American, First Nation, and commercial casino gaming operators has been trusted for decades to boost security, increase efficiencies, and enhance the guest experience. The design and development teams at JCM Global, which have played a key role through the years of creating a culture of success, strength, and self-reliance in the indian gaming industry, will be present to demonstrate a variety of systems and pioneering solutions. Among them will be the award-winning bill validators, iVIZION and UBA Pro, which feature best-in-class technologies proven to provide the highest levels of security and acceptance in automated transaction applications. JCM Global’s FUZION features BLE mobile wallet connectivity, real-time performance data, proactive alerts, and asset monitoring. “FUZION allows operators to track in real-time every transaction that happens on the casino floor,” Dave Kubajak, Senior Vice-President of Sales, Marketing, and Operations, told CDC Gaming. “Not only are the transactions tracked, digital imaging and our iVIZION technology on the bill validators record every image of every transaction.” The JCM spotlight at IGA 2025 will also feature the ICB Intelligent Cash Box System, designed for reducing human error; the patented PromoNet couponing system; CountR’s TITA table game solution offering direct funds access at tables; and the BlueWaveDX handheld firmware upload tool. JCM’s reliable, smart printers are trusted by casino operators to deliver the flexibility and power they need to communicate accurately and directly with players through TITO tickets and promotional coupons. JCM will highlight its GEN5 and CouponXpress printers, recognized as the benchmark for thermal printing technology in the gaming sector. Not to be overlooked at IGA will be JCM’s Digital Signage Solutions. They are recognized as the perfect way to communicate with guests both indoors and outdoors. In the spotlight will be JCM’s NexBarrier/NB6 transparent pony wall solution, ePOSTERs, and TV-PRO, all of which are flexible, bright, and flowing with color and representative of all the cutting-edge digital display solutions in JCM’s broad portfolio. JCM will also exhibit G+D’s C5 count-sort machine, which integrates with JCM’s system technology to bring higher levels of efficiency and security to the count room. Source link
NY senator backs Citi Field casino plan with Flushing Skypark proposal and $100M pledge
Queens State Sen. John Liu will back a plan that brings billionaire Mets owner Steve Cohen’s proposal for a casino near Citi Field closer to reality. Liu announced Sunday he’d introduce state Senate legislation to reclassify the 50 acres of asphalt parking lots around the Mets ballpark as commercial property instead of parkland – a move that would allow for developments like Metropolitan Park, Cohen’s $8 billion proposal for a sprawling casino and entertainment complex. In turn, Cohen and his partner, Hard Rock International, have pledged to build the Flushing Skypark – a High Line-inspired pedestrian and bicycle bridge that would span Flushing Creek, connecting downtown Flushing and Willets Point. “I understand that Flushing Skypark will not be easy to achieve, but if anyone can do it, it would be the Metropolitan Park team,” Liu said at a press conference. Cohen and Hard Rock have agreed to secure all the necessary public and private funding and obtain regulatory approvals to build the Skypark. Under a legally binding contract with the nonprofit Waterfront Alliance, if the project doesn’t move forward, the developers must instead pay $100 million for infrastructure improvements to Flushing Meadows Corona Park — delivered in $10 million annual installments over a decade, officials said. “As an organization based in Willets Point, we shared the community’s concerns around connectivity, and recognized that the Skypark would be a great way to bring Queens together,” Cohen said in a statement. “Metropolitan Park is committed to working to make Flushing Skypark a reality.” Queens Borough President Donovan Richards also backed the plan on Sunday, calling it a “grand slam for Northwest Queens” that would bring 23,000 union jobs and long-overdue investment to historically underserved neighborhoods like Corona and Flushing. While Liu’s support is a key political milestone for the Citi Field casino plan, the proposal still faces notable opposition. Liu’s Senate district borders Citi Field, but does not include it. State Sen. Jessica Ramos – who is running for New York City mayor and whose district includes the ballpark – has voiced opposition to the plan. For close to a year, the lawmaker’s unwillingness to sponsor legislation that would allow for the parkland to be developed commercially meant that the ambitious project was stuck in limbo. A spokesperson for Ramos did not immediately respond to a request for comment. Cohen and Hard Rock International are just one of several groups vying to build a casino near New York City. Other hopefuls include plans for casinos in Coney Island, Hudson Yards, and Times Square, among others. The state Gaming Facility Location Board, which oversees the casino siting process, will award three downstate licenses by the end of 2025. Arun Venugopal contributed reporting. Source link
Nine-tower housing development planned for would-be casino site
Breadcrumb Trail Links News Local News London’s latest mega-development is in motion. And believe it or not, this one’s not in the city’s booming northwest. Published Mar 30, 2025 • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Proposed for 3334 and 3354 Wonderland Rd. S. is a five-building, nine-tower development promising 2,001 units, 482 square metres of commercial space, 2,025 parking spaces, and 2,006 bike parking spaces. (Zedd Architecture rendering) Article content London’s latest mega-development is in motion. And believe it or not, this one’s not in the city’s booming northwest. Proposed for Wonderland Road near Bradley Avenue is a five-building, nine-tower housing development promising 2,001 units. Each of the five buildings would be a podium supporting the nine towers: two 22 storeys, two 20 storeys, two 18 storeys, two 16 storeys, and one 14 storeys. Advertisement 2 This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Ryan Pyette, Dale Carruthers, Jane Sims, Norman De Bono and others. Plus, the Noon News Roundup newsletter on weekdays and the LFP Weekender newsletter on weekends. Unlimited online access to London Free Press and 15 news sites with one account. London Free Press ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Ryan Pyette, Dale Carruthers, Jane Sims, Norman De Bono and others. Plus, the Noon News Roundup newsletter on weekdays and the LFP Weekender newsletter on weekends. Unlimited online access to London Free Press and 15 news sites with one account. London Free Press ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account or Article content Two years ago, the plug was pulled on a new $75 million casino from Gateway Casinos and Entertainment Ltd. at the property at 3334 and 3354 Wonderland Rd. S., prompting the pivot to housing, the landowner told The London Free Press. “When one door closes, you try to open another door and look at what the best use for the property is,” said Walt Spivak, president of the Spivak Group. “Being such an important corridor . . . it’s the perfect location to have housing.” The development also would include a central courtyard and rooftop amenity space, along with 482 square metres of commercial space, 2,025 parking spaces underground, in the podiums, and at ground level. Also included are 2,006 bicycle parking spaces. Fronting Wonderland, near a sizable commercial strip, close to highways 401 and 402, and with a relative lack of housing in the area, Spivak said the project “touches a lot of bases.” Available land in the city’s south for a project of this size also is limited, he said. Homes in London For buyers, sellers, renters and dreamers — London’s complex, fascinating real estate market is brought into focus and into context with this newsletter. By signing up, you consent to receive the above newsletter from Postmedia Network Inc. Thanks for signing up! A welcome email is on its way. If you don’t see it, please check your junk folder. The next issue of Homes in London will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Advertisement 3 This advertisement has not loaded yet, but your article continues below. Article content “It’s just that need for housing and the community that we want to build there is very unique and very attractive to not only first-time renters, but people that want to simplify their life and live in an incredible community,” he said. An aerial view shows a proposed development for 3334 and 3354 Wonderland Rd. S. with five buildings. (Zedd Architecture rendering) It will be several months before city staff make a recommendation on the project, and while he wants to see more information to make a decision, Ward 10 Coun. Paul Van Meerbergen said he is open to it for many of the same reasons. “It’s addressing the needed housing that we require the area, it’s not like it’s disruptive in the sense that it’s right in the middle of a subdivision, and it’s close to the regional transportation networks,” he said. “At this stage, I’m neutral and open-minded about it.” He wants to see the transportation impacts for Wonderland and the area, but also to make sure the city has the sewer and water capacity for such a dense development. Advertisement 4 This advertisement has not loaded yet, but your article continues below. Article content Ward 8 Coun. Steve Lehman, chair of council’s planning committee, is of a similar mind. Sewer and water infrastructure is the biggest impediment to building the much-needed housing for the booming population of London in a timely manner. He believes the Bostwick area’s infrastructure can handle the new housing, but is awaiting city hall’s recommendations. He also hopes the bike parking and proximity to shops will mean not every resident will
Potawatomi Casino Hotel Unveils New Milwaukee Brewers “Potawatomi Rewards” Cards » Urban Milwaukee
Image courtesy of Potawatomi Casino Hotel. MILWAUKEE, WI (March 30, 2025) – Potawatomi Casino Hotel, in partnership with the Milwaukee Brewers, is excited to announce a brand-new Brewers-themed “Potawatomi Rewards” card. Guests can get these limited edition cards on March 31, the date of the Brewers home opener, and April 14 for 414 Day. “Potawatomi Rewards” is free to join. New members can ask for the Brewers card on Opening Day and current Rewards members can trade in their current card no matter what the tier level. For more info on the program check out potawatomi.com/rewards. NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness. Mentioned in This Press Release Recent Press Releases by Potawatomi Casino Hotel Source link
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