Continued closures hit Groupe Partouche revenue in 2020-21

| By Daniel O'Boyle
Groupe Partouche’s total revenue dropped by more than 25% while gross gaming revenue was down by a third, as the operator continued to deal with closures in the year ended 31 October.

Gross gaming revenue came to €350.2m for the year, which was a decline of 33.4% from 2019-20.

After the business paid €134.2m in gambling levies, down 44.7%, it was left with net gaming revenue of €215.9m. This was 23.7% less than in 2019-20.

Partouche made an additional €41.1m in non-gaming revenue, down 34.4%, though €1.4m of this was cancelled out due to being paid for through its loyalty programme.

As a result, the total consolidated revenue for the group came to €255.7m, which was 25.6% less than in the previous year.

The operator noted that during the quarter, Partouche casinos were closed for six-and-a-half months during the year. This was more than twice the length of time that casinos were closed in 2019-20.

“The decline in activity, inherent in the pandemic, will automatically lead to a decline in annual results,” it said.

Looking just at the fourth quarter of the year, gross gaming revenue came to €148.7m. This was a 4.1% decline from Q4 of 2019-20.

Of this GGR total, the vast majority came from France, while revenue from abroad came to €14.8m, with most of this total down to online operations in Switzerland. The decline was mostly due to the closure of Casino Oostende in Belgium.

Within France, slots made up €108.6m, up 8.6%, while table game GGR ticked up by 1.7% to €25.3m.

Average spend per customer increased from €70 in Q4 of 2019-20 to €83 in Q4 of 2020-21.

Partouche paid €75.5m in levies, down 3.2% leaving €73.1m in net gaming revenue, which was 5.0% less than the previous year. 

After adding €21.2m in revenue from non-gaming sources, Partouche’s overall revenue came to €94.3m, up 0.5%.

Partouche had pursued a licence to build an integrated resort in the prefecture of Wakayama in Japan, working as the operator in Japanese holding company Clairvest Neem Ventures’ bid, which was chosen for Wakayama’s bid to acquire an IR licence.

However, Clairvest Neem ended its agreement with Partouche, and the operator was ultimately replaced by Caesars in the bid.