Groupe Partouche revenue rises 6.5% to €178.8m in Q3

French operator Groupe Partouche reported a 6.5% year-on-year rise in gross gaming revenue (GGR) to €178.7m (£153.9m/$192.0m) in the third quarter, helped by an increase in overseas activities.

Total GGR at Groupe Partouche in the three months to 30 June was ahead of the €167.9m reported during the same period last year.

Operations in France accounted for €161.5m of this total, an increase of 5.6%. Slots GGR was 5.3% higher, tables games GGR climbed 6.8% and electronic games GGR jumped 9.8%.

Looking to activities outside France, GGR for such operations hit €17.2m, up 15.1% from last year. Groupe Partouche reported a strong online gambling performance in Switzerland, with GGR here up 47.8% to €4.2m. The operator also felt the benefit of its new Middelkerke land-based casino in Belgium being open for the full quarter, compared to just 23 days in H1.

Consolidated turnover surpassed €105m in Q3

Groupe Partouche paid €99.5m in levies in Q3, 7.2% more than in 2022. This left €79.2m in net gaming revenue for the quarter, up 5.6%. When taking off €900,000 in payments for its fidelity programme, total consolidated turnover hit €105.1m, a rise of 4.1%.

Going into further detail on total consolidated turnover, the group published a breakdown of its performance. Casino turnover was 5.2% higher at €92.4m, remaining by far its primary source of turnover.

Hotel turnover also increased by 6.5% to €8.8m, although other turnover was down 19.9% to €3.9m in Q3.

Year-to-date GGR up 13.5% at Groupe Partouche

For the nine months to 30 June, GGR at Groupe Partouche amounted to €519.7m, a rise of 13.5%.

Levies were 15.3% higher at €264.5m, with net gaming revenue rising 11.8% to €255.2m. After €2.7m in fidelity programme payments, total consolidated turnover was 11.3% higher at €320.7m.

Of this total, €292.3m came from casinos, up 11.9% year-on-year. Hotel operations drew in €19.7m, a rise of 14.0%, although other turnover fell 8.6% to €8.8m.

Original Article