Groupe Partouche sees 17.6% H1 rise in GGR

Updated:2024-03-25 14:13    Views:164

Groupe Partouche has posted its H1 report, showing a 15% increase in consolidated turnover for 2023 – totalling €215.6m ($233m). 

Its gross gaming revenue was also up 18% at €341m, with net gaming revenue of €176m – representing a 12% rise.

During the six-month period, Groupe Partouche’s hotels saw the most growth at 20%, totalling €10.9m. However, across its 41 casinos, which grew by 15%, took in the most money at €199.9m.

During its first quarter, the company reported consolidated revenue of €116.4m, up 17% on 2022's Q1 total of €98.1m. Meanwhile, in its second quarter, it rose from €89.1m in Q1 2022 to €99.2m for Q1 2023 – representing an 11% increase. 

The company highlighted that attendance at the casinos suffered from ‘the effects of the vaccination pass until its lifting on 14th March 2022 in France and on 17th February 2022 in Switzerland.’

This comes soon after French monopoly gaming operator La Française des Jeux (FDJ) posted its Q1 financial report for 2023,poker ol showing that revenue reached €662m – up from €613m in Q1 2022.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: "The first quarter of 2023 was marked by the continued good financial and extra-financial performance of the FDJ Group. Our revenue is up more than 5%, driven by both our network of 30,000 points of sale and a good dynamic in our digital business.

“We are also very proud to have maintained an excellent sustainability rating by Moody's ESG Solutions, which places us, for the fifth year in a row, as number one in our industry. Finally, the decision of the French Council of State validates the privatisation procedure and strengthens FDJ's monopoly, in compliance with European law."

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