of its bank maturities
Covid 19 pandemic: administrative closures
After having benefited last March, from a first 6-month postponement of its bank maturities,
Thus, all of the group's bank debts have their maturities in capital, and some in interest as well, postponed for the next six months and spread out after their due date. However, the maturities of 31st
The group favoured this new postponement over a second State Guaranteed Loan, which would have increased its gross indebtedness. This option allows its cash flow to be better supported in order to cope with the evolution of the pandemic.
Administrative closures
First, some of the group’s casinos had to endure closure decisions by order of some Departments’ prefects where there were maximum alert zones (health).
Thus, the Aix casino was closed for a few days (from 28th September to 9th October) before a decision of Marseille Administrative Court ordered its reopening.
The court ruled that the decision to ban public access infringed on the freedom to conduct business and was manifestly disproportionate given the system put in place at the site to fight the pandemic.
Due to administrative closures resulting from prefectural decrees, the casinos of
Following the entry into force on Saturday 17th October of the decree taken within the framework of the state of health emergency, the following casinos were closed, as they are located at the level of the metropolises where a "curfew" is imposed,: Aix, La Ciotat, Palavas,
A summary action will be introduced with the
Moreover, Club Berri was forced to close on 5th October at midnight like any other Parisian gaming clubs.
ISIN : FR0012612646 - Reuters : PARP.PA - Bloomberg : PARP:FP
Reuters : PARP.PA - Bloomberg : PARP:FP
Attachment
- Bank maturities additional postponement and administrative closures
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