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France- Partouche confirms raft of renovation works following 10.2 per cent revenue increase

By - 31 January 2024

Following a 10.2 per cent year-on-year increase in GGR in 2023 to €701.5m, French operator Groupe Partouche has confirmd plans to reinvest in at least six of its casinos.

The Le Lyon Vert casino in La Tour-de-Salvagny is undergoing a major restructuring of its existing spaces with the creation of an important extension on two levels; the ground floor and first floor. The project should end in May 2024. Extensive works are continuing at the Annemasse casino. The left wing and a first outdoor smoking room were opened at the end of December 2023. The second phase of work, which will be completed in the summer of 2024, will notably make it possible to create an extension to the front and a second outdoor room.

The Divonne casino is undergoing a total renovation in order to regain its initial grandeur. This should be completed in September 2024. The Contrexéville casino is also benefitting from a reorganisation: the games main room will be transferred under the theater decor and the restaurant will also be positioned on the park side with an adjoining kitchen. Initiated in November 2023, the project should be completed in December 2024. The Vichy casino is undergoing a complete renovation, which aims to increase the gaming areas, modernize and enhance the services offered by this emblematic establishment. Works are scheduled to end in June 2025. Other sites’ renovations will be initiated in the 2024 financial year, in particular for the Saint-Amand-les-Eaux casino.

In Belgium, the Middelkerke casino that was temporarily operating in an outlying hotel since its entry into the Group in July 2022, is to be transferred at the end of March, to the seafront, a privileged location. Since the partnership signed last June, between Groupe Partouche and Betsson, the Middelkerke casino has been granted the necessary license authorising the operation of attractive online casino games adapted to the Belgian regulated market, starting from the end of January 2024.

The operator said: Constantly aiming for excellence in its establishments and in the customer experience, the Parrtouche Group is continuing to enrich its offering and renovate its casino fleet in order to improve its performance.”

The news comes following strong growth over the financial year with GGR reaching €701.5m, compared to €636.7m in 2022. The financial year was still penalised by health restrictions until mid-March 2022. This good performance is fuelled by the growth in the slot machines GGR, up 7.6 per cent, the GGR of electronic forms of traditional games in France, up 20.3 per cent and online games in Switzerland, up 41.6 per cent.

EBITDA was generally stable at €76.1m, compared to €75.6m a year earlier. Profit came in at €23.4m.

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