The French gaming organization Partouche observed a rise in its total earnings by 6.5 percent in the third quarter, hitting 178.8 million euros. – iGB
The French operator Partouche Group witnessed a 6.5 percent year-over-year increase in its total gambling earnings (GGR) in the third quarter, reaching 178.7 million euros (equal to 153.9 million pounds/192.0 million dollars). The main driver of this growth was the expansion of operations abroad.
Partouche Group’s total gambling revenue for the three months ending June 30 was 178.8 million euros, representing a 6.5 percent increase compared to the same period the previous year, when it was 167.9 million euros.
French operations contributed 161.5 million euros to the total revenue, a 5.6 percent increase. Slot machine gambling revenue saw a 5.3 percent rise, table game gambling revenue increased by 6.8 percent, and electronic game gambling revenue experienced a 9.8 percent growth.
Outside of France, gambling revenue reached 17.2 million euros, a 15.1 percent increase from the previous year. Partouche Group reported strong performance in its Swiss online gambling business, with gambling revenue increasing by 47.8 percent to 4.2 million euros. The operator also benefited from its new land-based casino in Middelkerke, Belgium, which opened fully in the third quarter, having only been open for 23 days in the first half of the year.
Partouche Group paid 99.5 million euros in taxes in the third quarter, a 7.2 percent increase from 2022. This resulted in net gambling revenue of 79.2 million euros for the quarter, a 5.6 percent increase. After deducting 0.9 million euros in loyalty program payments, consolidated turnover reached 105.1 million euros, a 4.1 percent increase.
The organization unveiled its performance summary, outlining combined earnings. Gambling revenue expanded by 5.2% to €92.4 million, remaining its main source of income.
Accommodation revenue also climbed by 6.5% to €8.8 million, but other revenue in the third quarter dipped by 19.9% to €3.9 million.
To this point, the Patouche Group’s GGR has expanded by 13.5%.
For the nine months concluding June 30, the Patouche Group’s GGR reached €519.7 million, a 13.5% year-over-year increase.
Levies rose by 15.3% to €264.5 million, and net gaming revenue grew by 11.8% to €255.2 million. After distributing €2.7 million in loyalty program funds, combined revenue rose by 11.3% to €320.7 million.
Of this, €292.3 million originated from gambling establishments, a 11.9% year-over-year increase. Hotel operating revenue was €19.7 million, a 14.0% increase, but other revenue decreased by 8.6% to €8.8 million.
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