Groupe Partouche Sees 5.3% Increase in Gross Gaming Revenue in Q3
In its latest financial report, Groupe Partouche revealed a notable 5.3% year-over-year growth in gross gaming revenue for the third quarter, reaching €189 million (approximately $221.2 million). This upswing can be attributed, in part, to the expansion of its land-based casino operations with the addition of two new venues.
The three-month period stretching from May to July showcased impressive financial performance, surpassing the €179.5 million recorded in the same quarter last year and also outpacing its previous quarter’s figures.
Primarily focusing on the French market, the group’s Q3 revenue climbed to €169.1 million, reflecting a 5.3% increase compared to the prior year. This success was driven by a 5.8% rise in visitor numbers across its locations and the recent acquisition of Casino Partouche Cannes 50 Croisette.
In France, the growing foot traffic translated into a 2.6% rise in slot revenue, totaling €130.4 million. Additionally, the earnings from electronic table games surged by 11.8% to reach €22.6 million, while non-electronic table games experienced a remarkable increase of 20.8%, bringing in €16.6 million.
Beyond France, Groupe Partouche reported a 5.6% rise in revenue to €19.9 million, buoyed by a notable 19.0% increase in online gambling revenues in Switzerland, which hit €6.6 million, alongside a remarkable 63% boost in physical slot machine earnings to €10.1 million.
Also noteworthy is the launch of Casino Partouche Cotonou in Benin, which began operations in January, further diversifying the group’s portfolio.
Q3 Consolidated Turnover Rises by 7.3%
During this quarter, Groupe Partouche paid €105.2 million in levies, leading to a net gaming revenue of €83.7 million, marking a 5.6% increase.
Excluding net gaming revenue, the turnover showed an 11.8% growth to €31.5 million, with €0.7 million allocated for loyalty program expenses. This culminated in a consolidated turnover of €114.5 million for Q3, a rise of 7.3%.
When analyzed in detail, casino operations were responsible for €99.3 million of the turnover, reflecting a 6.4% increase compared to last year. Hotel revenues also grew modestly by 4.9% to €10 million, whereas other revenue sources skyrocketed by 34.3%, contributing €5.2 million.
Year-to-Date Success: Revenue Exceeds €550.5 Million
As the year progresses, the cumulative revenue for the nine months leading up to the end of Q3 has reached an impressive €550.5 million, a 4.6% increase over the €526.4 million reported at the same time last year.
Net gaming revenue showed a 3.9% growth, totaling €269.1 million, while consolidated turnover rose by 6.2% to reach €347.8 million. Notably, casinos accounted for a substantial €315 million of the overall turnover, reflecting a 6.0% increase from the previous year. Hotel revenues grew by 2.6% to €22.7 million, and other sectors saw a significant 24% rise, contributing €10 million.
Groupe Partouche’s strategic expansions and increased customer engagement appear to be driving a consistently positive trajectory in its financial performance.