Groupe Partouche Q3 revenue grows 38.8% year-on-year

Groupe Partouche has reported €151.5m in gross gaming revenue for the quarter ending July 31.

France.- Groupe Partouche has reported a 38.8 per cent year-on-year rise in revenue for the three months ending July 31. Revenue hit €151.5m, but that remains 8 per cent down compared to the same quarter pre-pandemic in 2019. In Q2 Groupe Partouche reported GGR was up by 71 per cent.

French operations made up the bulk of revenues, accounting for €112.3m, (up 27.8 per cent year-on-year). The company said French slots revenue was up by 28.4 per cent and table game revenue up 24.9 per cent. Electronic game revenue rose 23.4 per cent.

The uptick comes after France allowed casinos to reopen at 35 per cent capacity on May 19, with slots and electronic table games only and a 9pm curfew. Casinos were able to add table games on June 9. The curfew was pushed back to 11pm and lifted completely on June 20.

As of July 21, a Health Pass proving Covid-19 vaccination is needed to enter casinos.

International gaming revenue

Outside of France, revenue rocketed 84.2 per cent to €39.2m, largely thanks to online gambling in Switzerland. The results also benefited from casinos reopening in Belgium and Tunisia during the quarter, although the later remains heavily impacted by the lack of tourism.

Net gaming revenue rose 74.9 per cent year-on-year to €98.5m thanks to stable levies under the French system and lower rates for Belgian online gambling. Final revenue rose 73.1 per cent to €114.2m, up 8.9 per cent from 2019.

Net revenue for the first nine months (starting November 1) stands at €161.4m.

See also: France’s FDJ reports 29.5 per cent rise in revenue for first half