Operator News
France – Partouche’s yearly GGR up by 52 per cent
By Phil - 14 December 2022
Groupe Partouche’s fourth quarter gaming revenue (GGR) increased by 20.3 per cent to €178.8m and 8.3 per cent compared to the fourth quarter of 2019. In total, annual turnover for 2022 is €388.8m, up 52 per cent compared to 2021.
In France, GGR increased by 21.3 per cent over one year to € 162.3m, driven by all forms of games: with slots up 18.1 per cent, table games up 44.4 per cent and electronic games up 28.1 per cent.
Abroad, GGR is up 1.4 per cent compared to the fourth quarter of 2021, at €16.5m, with the growth of Swiss online games, up 89.2 per cent, mitigating the scope effects. On a like-for-like basis, GGR abroad increases by 14.9 per cent compared to 2019.
The French casino group stated: “Since the lifting of all health restrictions relating to Covid-19 in all geographical areas, and more particularly in France in mid-March 2022, the Group’s activities have recorded sustained and regular growth. Gross Gaming Revenue amounts to €636.7m in fiscal year 2022, up 81.8 per cent year-on-year. The growth in GGR is mainly explained by the resumption of the operations of all the establishments (the previous financial year having been marked by almost no operation in its first half).”
In total, Net Gaming Revenue after levies, increases by 5.5 per cent to €77.1m in the fourth quarter 2022. Turnover for the fourth quarter 2022 came in at €100.7m, up 6.7 per cent year-on-year, after taking into account turnover from other activities.
In Belgium, the cessation of the operation of online games and bets and the management of the Ostend casino since July 29 2021 was offset by the entry into the Group of the Middelkerke casino from July 1 2022, for an opening on July 8 2022 after some renovation work.
Non-gaming revenue rose sharply by 109.2 per cent to €86.1m, driven by restaurants and hotels due to the good momentum of the casinos. The group highlighted the progression of the Aquabella hotel in Aix-en-Provence where revenue was up 82.5 per cent.
Groupe Partouche operates 41 casinos and employs nearly 3,900 people.
