JOA acquired by BLACKSTONE

Blackstone has completed the acquisition of JOA, one of France’s leading casino operators. The transaction follows a competitive sale process and marks a new phase in the company’s development after a period of restructuring and repositioning that strengthened its market position and operational foundations. For Blackstone, the investment is consistent with its strategy of backing established businesses operating in regulated markets with attractive consolidation opportunities. The firm intends to support JOA’s next stage of growth by building on the strength of its brand, nationwide casino network and complementary portfolio of gaming, hospitality and digital entertainment activities. The acquisition is expected to support JOA’s expansion through a combination of organic growth and targeted acquisitions. Blackstone plans to help the company strengthen its presence across the French market, broaden its service offering and enhance operational performance by leveraging its investment experience and operational expertise. Following completion, a phased operational improvement programme will be implemented to harmonise selected processes, strengthen technology capabilities and optimise support functions across the organisation. JOA also intends to continue expanding its network of venues in order to reinforce its presence in key regional markets. With Blackstone’s support, JOA aims to strengthen its position among France’s leading casino operators by pursuing long-term growth, operational excellence and continued innovation in customer experience.