Groupe Partouche Post 33.7% Revenue Decrease

Groupe Partouche, one of the European gaming giants, posted a revenue of EUR 109.1 million for the third quarter of fiscal year 2020 (May to July), which decreased by 33.7 percent from the third quarter of the previous year.

All the group’s casinos were closed until June 2, due to the global pandemic, impacting the operation for the quarter by 32 days, after which the facilities were reopened progressively. On June 2, French casinos reopened with slot machines only and conventional electronic games were allowed, with table games resuming on June 22. Swiss casinos only reopened abroad on June 6 and Ostende casino in Belgium on July 1 , respectively.

In France, the GGR decreased by 36.4 percent to EUR 87.9 million, but in July, the only full month of service, attendance increased by almost two percent and the GGR was generally stable, down by 0.5 percent over the same time , despite the requisite health measures placed in place.

Overseas, the very strong rise of 67.5 percent in the GGR from online gaming and sports betting in Belgium made it possible to restrict the fall in the GGR category to -19.7 percent at EUR 21.3 million. The Net Gaming Revenue (NGR) reached €56.3 m after levies, minus 27.3 percent.

Globally, turnover in the third quarter was EUR 66 million, down by 37.1 percent (after a 46 percent decline in the second quarter of 2020) and total sales for nine months at EUR 249.6 million, down by a more minimal contraction of -23.6 per cent, with a drop of -19.8 per cent in NGR at EUR 206 million.

The good news in Belgium was that, as of 2022, Groupe Partouche had secured the request for tenders to run the Middelkerke casino in Belgium. On 31 July 2020, the Belgian State Council again voted to suspend the decision, given at the beginning of 2019, to award the Ostende casino to IGK.