Groupe Partouche Q3 revenue remains flat as “gloomy” French summer impacts casinos
For the three months to 31 July, revenue hit €179.5m (£151.3m/$198.3m). This is marginally higher than Q3 2023 and 3.3% ahead of €173.7m posted by Groupe Partouche in Q2 this year.
Analysing the Q3 results, the operator said poor weather and the impact of elections led to a 0.6% drop in attendance numbers at its venues.
As such, retail gaming revenue in France slipped 0.5% year-on-year to €160.7m, with table games dropping 6.5%. There was, however, better news for electronic games, with revenue up 1.5%, while slot machine revenue remains stable.
More success on the international stage for Groupe Partouche
However, outside France, the situation was more favourable for the operator.
Groupe Partouche posted a 9.4% rise in revenue to €18.8m, driven by a 30.1% increase in Swiss online games revenue to €5.5m. Table games performed well in general, with revenue excluding Swiss online games up 33.9% to €3.8m.
On the flip side, gross gaming revenue from slot machines outside France fell 6.3% to €9.5m.
Net gaming revenue and turnover also up in Q3
Groupe Partouche paid €100.1m in levies during Q3, leaving €79.3m in net gaming revenue. This is 0.2% ahead of last year.
It ended Q3 with €106.8m in consolidated turnover, a rise of 1.6% from last year. Of this, €93.3m was attributed to gambling activities, up 1.0%. A further €9.5m came from hotels, a rise of 7.8%, and €3.9m from other operations, up 0.9%.
Year-to-date revenue tops €526.4m at Groupe Partouche
In terms of the year-to-date, GGR in the nine months to the end of July hit €526.4m. This is 1.3% higher than in 2023.
Levies amounted to €267.4m, resulting in €259.0m worth of net gaming revenue, up 1.5%. Turnover excluding net gaming revenue climbed 3.6% to €70.6m, with €2.2m noted in fidelity programme costs.
This left Groupe Partouche with a consolidated turnover of €327.3m for the seven-month period, some 2.1% more than last year. Casinos accounted for the majority of this, €297.1m, which is a rise of 1.7%.
As for other turnover, €22.2m came from hotels, up 12.7%, and €8.1m other operations, down 8.1%.