Groupe Partouche Report Revenue Drop From Closed Casinos

For the February to April reporting period, Groupe Partouche reported a 58.4 percent reduction in turnover to €23.6 million (2020: €56.9 million).

This is owing to continued closures of the operator’s land-based gaming estate, with its French and Belgian holdings closed for the whole quarter; however, Partouche’s activities in Switzerland and Tunisia were allowed to participate.

From April 19, the Swiss casinos of Meyrin and Crans-Montana were able to reopen with a curfew and health restrictions, while the Grand Casino de Djerba remained open with a 10pm closing requirement.

Gross gaming income for the second quarter fell 71.1 percent to €25.1 million (2020: €86.9 million), according to the company, which was focused primarily on international casinos, notably Swiss online games and online games and betting in Belgium.

Operating days cut by half

It had “started with excellent momentum before seeing the number of operating days cut in half,” according to Partouche. NGR excluding levies fell 52.8 percent to €22 million (2020: €46.7 million).

During the quarter, the group’s casino operations plummeted 75.7 percent to €12.4 million (2020: €51.2 million), hotels plummeted 42.7 percent to €300,000 (2020: €500,000), while the group’s ‘other’ section grew 110.8 percent to €10.9 million (2020: €5.2 million).

Turnover fell 74.3 percent in the first half of the year, from €183.6 million to €47.2 million, with NGR down 70.4 percent from €149.7 million to €44.3 million.

Casinos plummeted 85.5 percent to €24.5 million (2020: €168.6 million), hotels declined 73.2 percent to €500,000 (2020: €1.9 million), and ‘other’ increased 70.1 percent to €22.2 million (2020: €13 million).

Partouche reports that French casinos have begun receiving clients again since Wednesday, May 19th, after a minimum of 201 days in closure. With a 9 p.m. curfew, only slot machines and electronic versions of table games were available.

The resumption has been described as “very satisfactory,” with the table games reopening and the curfew being moved out to 11 p.m. Furthermore, in businesses where the operator intends to welcome more than 1,000 persons, a health-pass is required.