The French casino operator Groupe Partouche announced Wednesday the “final” closure of its online poker, with the owners stating that profitability is unreachable “even in the medium term.”

The CEO commented that after asking some hard questions, the company had to make the report that as an operator of online poker activity, the company has no sustainability in the short and even medium term.

Partouche.fr states that they will permanently cease its operations on June 17, according to the message posted on the site.

The company tried for three years to sustain their business model and they found that it is simply not profitable.  The CEO blamed an unfavorable market that led to the withdrawal of Partouche, which only lasted three years after its launch in the niche.

The group had already put a brake on poker in casinos in September, leaving the fate of the online game open, but unfortunately there was little chance that for the survival of even their online services.

The CEO also continued to state that sites which operate illegally for years from foreign bases before the authorization of online poker in France, has allowed them to corner the market.

Large sites like Winamax and Pokerstar  hold more than 75% of the French market and are allowed to have their headquarters elsewhere in Europe, allowing them to benefit from lower taxes and a more advantageous environment according to the Groupe Partouche CEO.

Partouche.fr users are now invited to try Jackpot City where they can get 30 Free Spins and $€£1600 in bonuses. 

Partouche also has a partnership with the Bwin group to generate income from its licensing online poker in Belgium, where they can only be held by the casino operators.