a return to normal for the group’s casinos in the third quarter
Partouche Group, the second largest casino operator in France in terms of revenue, published on Tuesday, September 13, 2022 the results of its turnover for the third quarter of the current fiscal year, which amounted to 100.9 million euros. For Partouche, the latter is synonymous with satisfaction as it is at the same level as that of the pre-Covid-19 pandemic.
Partouche satisfied with its turnover for the third quarter
The Partouche Group has announced its turnover for the third quarter of the current year, which covers the period from May to July 2022. During this period, the number two casino in France generated some 100.9 million euros, which is only 3.8% less revenue than before the outbreak of the coronavirus pandemic. It should be remembered that the accounting year for French casinos begins on November 1 and ends on October 31 of the following year.
In order to understand the increase in Partouche’s sales, it is important to look at the various scope effects. For example, the sale of the stake in the Crans-Montana casino in January of this year, the end of online gaming and betting operations in Belgium and the end of management of the Ostend casino on July 29, 2022, are all factors to be taken into account.
Partouche’s turnover in the third quarter of 2022 is in any case up, increasing by 12.7% compared to the same period in 2021, which was deeply marked by the liberticidal measures linked to Covid-19 (limitation of the number of people allowed to enter casinos, curfew, health and then vaccination pass, etc.). The latest turnover recorded by Partouche is up 9.1% compared to the third quarter of 2019.
Fabrice Paire: ” (…) Today, we have found the activity and the attendance “
According to Partouche Group CEO Fabrice Paire, the Pasinos de France are back on track. ” It’s as if we had pressed pause since May 2020 until last spring. Today, we’re back to business and attendance “, confided the interested party to the AFP.
Fabrice Paire has indeed something to be reassured about: the key indicator of the casino sector, which is none other than the gross gaming revenue (GGR), reached 167.9 million euros over the period in question, i.e. an increase of 10.8 % year-on-year.
In addition, at the end of July 2022, Partouche casinos’ total revenue for the current year stood at 288.1 million ; this was therefore very close to the 2019 pre-Covid level (-0.4%).