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France – Partouche revenue down by 13.3 per cent in fourth quarter

By - 10 December 2020

French casino giant Groupe Partouche saw its Gross Gaming Revenue (GGR) for the fourth quarter 2020 reached €155m, down 13.3 per cent due to the phased closure of the casinos in October. for the year so far, turnover for Partouche has decreased by 20.8 per cent coming in at €343.5m

The Covid-19 pandemic led to a mandatory closure of all French casinos throughout the month of October 2020 disrupting results for the quarter. The closures were set up on the following dates: Lyon Pharaon, Lyon Vert and Saint Galmier on October 10, Palavas on October 12, Aix-en-Provence (already closed between September 27 and October 9) and La Ciotat on October 17. 18 other casinos were closed on October 24 and the last 14 on October 29. Abroad, the casino in Crans-Montana in Switzerland closed its doors on October 21 and the one in Ostend in Belgium on October 29.

To date, the French casinos are expected to resume operations on December 15, subject to the evolution in the national health situation.

In France, GGR decreased by 16.9 per cent, reaching €124.8m due to a drop in attendance which increased over the quarter due to the development of an anxiety-inducing communication about the worsening of the Covid-19 pandemic, ending with the closure of all casinos in October.

Abroad, the GGR sharply increased, up by 6.1 per cent to €30.2m, driven by the traditional games activity (up 49.1 per cent) and more particularly by the remarkable performance of online games and sports betting in Belgium (up 90.3 per cent) which are benefiting from the pandemic

With regards to the proposed Nagasaki Integrated Resort in Japan, Groupe Partouche and its partner Pixel Companyz said that they have chosen Nagasaki to develop their future ‘integrated resort’ in competition with three other consortia. The Nagasaki prefecture has received support from the prefectural and municipal councils, as well as the private sector in the Kyushu region. It is one of the few prefectures in Japan to have committed in launching an ‘integrated resort’ and it relies on strong economic and political support from other prefectures in the Kyushu region.

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