Connect with us
European Gaming Congress 2024

FR0012612646

Groupe Partouche: Sustained business growth for 1st half-year 2023 / Increased turnover +15.2 % at € 215.6 M

Published

on

groupe-partouche:-sustained-business-growth-for-1st-half-year-2023-/-increased-turnover-+152-%-at-e-215.6-m

Sustained business growth for 1st half-year 2023
Increased turnover +15.2 % at € 215.6 M

Paris, 13th June 2023, 06:00 p.m. – Groupe Partouche, a European leader in gaming, publishes today its consolidated turnover for the 2nd quarter 2023 (February 2023 – April 2023) as well as its consolidated turnover for the first half-year (November 2022 – April 2023).

It should be recalled, as a preamble, that during the first half of the previous financial year (February to April 2022), attendance at the Group’s casinos was still suffering from the effects of the “vaccination pass” until its lifting on 14th March 2022 in France and on 17th February 2022 in Switzerland. Moreover, the first half of 2023 takes into account the scope effects especially related to:

  • In Switzerland, the disposal on 31st January 2022 of the stake held in the Crans-Montana casino;
  • In Belgium, the entry into the Group of the Middelkerke casino (Belgium) on 1st July 2022 with an opening on 8th July 2022 after some refurbishments works.

Solid growth for 2nd quarter

After a very good 1st quarter 2023, the Gross Gaming Revenue (GGR) records a solid growth in the 2nd quarter 2023 up +14.1% driven by all forms of games and stood at € 169.1 M, compared to € 148. €2 M a year earlier.

In France, the GGR, which benefits from an 18.0% increase in attendance, rises by +13.7% to € 152.1 M. The GGR of slot machines posts a very satisfactory increase of +10.0% (to € 121.5 M) and that of electronic forms of traditional games, an increase of +26.8% (to € 18.2 M).

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Abroad, the GGR was up +18.1% compared to the 2nd quarter of 2022, at € 17.0 M. The Swiss online games continue to gain momentum (+24.3% over one year).

After levies, the Net Gaming Revenue (NGR) increases by +11.9 % at € 79.3 M, compared to € 70.8 M a year earlier. Business excluding gaming totals a turnover of € 20.9 M (+12.1 %).

Globally, the turnover of the 2nd quarter 2023 totals 99.2 M, compared to € 89.1 M€ in 2022 (+11,4%).

Increased turnover in 1st half-year 2023 + 15.2 % at € 215.6 M

At the end of April, the 6 months aggregate turnover stands at € 215.6 M compared to € 187.2 M in 2022 (+15.,2%) and the NGR reaches € 176.0 M (+14.8%) thus confirming the renewed dynamism of the activity since the end of the Covid health crisis

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Upcoming events:

Income 1st quarter: Tuesday 27th June, after stock market closure

Financial information 3rd quarter: Tuesday 12th September 2023, after stock market closure

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment B. ISIN : FR0012612646 – Reuters PARP.PA – Bloomberg : PARP:FP Reuters : PARP.PA – Bloomberg : PARP:FP

ANNEX

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

1- Consolidated turnover

In €M 2023 2022 Variation
1st quarter 116.4 98.1 +18.6%
2nd quarter 99.2 89.1 +11.4%
Total consolidated turnover 215.6 187.2 +15.2%

2- Construction of the consolidated turnover

2.1 – 2nd quarter

In €M 2023 2022 Variation
Gross gaming revenue (GGR) 169.1 148.2 +14.1%
levies -89.8 -77.4 +16.1%
Net gaming revenue (NGR) 79.3 70.8 +11.9%
Turnover excluding NGR 20.9 18.7 +12.1%
Fidelity programme -1.0 -0.5 x2.2
Total consolidated turnover 99.2 89.1 +11.4%

2.2 – Aggregate 6 months

In €M 2023 2022 Variation
Gross gaming revenue (GGR) 341.0 290.0 +17.6%
Levies -165.0 -136.6 +20.7%
Net gaming revenue (NGR) 176.0 153.4 +14.8%
Turnover excluding NGR 41.4 35.2 +17.5%
Fidelity programme -1.8 -1.4 +31.5%
Total consolidated turnover 215.6 187.2 +15.2%

3- Breakdown of consolidated turnover by activity

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

3.1 – 2nd quarter

In €M 2023 2022 Variation
Casinos 91.0 81.6 +11.5%
Hotels 5.7 5.1 +10.9%
Other 2.6 2.4 +8.7%
Total consolidated turnover 99.2 89.1 +11.4%

3.2 – Aggregate 6 months

In €M 2023 2022 Variation
Casinos 199.9 173.5 +15.2%
Hotels 10.9 9.0 +20.9%
Other 4.9 4.7 +3.1%
Total consolidated turnover 215.6 187.2 +15.2%

4- Glossary

The “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. tax to the State, the city halls, CSG, CRDS).

The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Attachment

FR0012612646

GROUPE PARTOUCHE: Solid turnover for the first 9 months of the fiscal year: +2.1 % at € 327.3 M

Published

on

groupe-partouche:-solid-turnover-for-the-first-9-months-of-the-fiscal-year:-+21-%-at-e-327.3-m

Solid turnover for the first 9 months of the fiscal year
+2.1 % at € 327.3 M

Paris, 10th September 2024, 06:00 p.m. Groupe Partouche European leader in gaming, publishes this day its consolidated turnover for the 3rd quarter of fiscal year 2024 (May – July 2024).

Satisfactory activity in the 3rd quarter despite a gloomy context in France: € 106.8 M (+1.6%)

Growth in Gross Games Revenue (GGR) is mainly driven by the international activity, in the third quarter of 2024. The GGR increases by +0.4% to € 179.5 M, compared to € 178.7 M a year earlier.

The generally gloomy and wait-and-see situation in France at the beginning of the summer (elections, weather, etc.) slightly weighs on attendance (-0.6%). Thus, the GGR stands at € 160.7 M (-0.5% compared to Y-1), marked by a decline in table games (-6.8%), a growth in electronic games (+ 1.5%) and a stability in the slot machines (-0.1%).

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Abroad, the GGR increases by +9.4% compared to a year earlier, at € 18.8 M, driven by the strong performance of Swiss online games (+30.1% to € 5.5 M) and table games in general (+33.9% to € 3.8 M, excluding Swiss online games) while the GGR of slot machines falls by -6.3% to € 9.5 M.

Net Gaming Revenue (NGR) increases by +0.2% at € 79.3 M excluding levies.

The non-gaming activity generates a turnover of € 28.2 M (+5.5%). The hotel activity increases by +7.8% to € 9.5 M due to the integration in this division of the Pavillon La Rotonde hotel in Lyon.

Globally, the 3rd quarter of 2024 turnover totals € 106.8 M, compared to € 105.1 M in 2023 (+1.6 %).

Aggregate turnover at the end of July up by +2.1% at € 327.3 M

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The 9-month aggregate turnover stands at € 327.3 M at the end of July 2024 (+2.1% compared to 2023), with Net Games Revenue at € 259.0 M (+1.5%).

Upcoming events:

4th quarter 2024 Turnover: Tuesday 10th December 2024, after stock market closure

Income of the fiscal year at 31st October 2024: Tuesday 28th January 2025, after stock market closure

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment B. ISIN: FR0012612646 – Reuters PARP.PA – Bloomberg: PARP:FP  

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

ANNEX

1- Consolidated turnover aggregate 9 months per quarter

In €M 2024 2023 Variation
1st quarter (November to January) 118.7 116.4 +2.0%
2nd quarter (February to April) 101.9 99.2 +2.6%
3rd quarter (May to July) 106.8 105.1 +1.6%
Total consolidated turnover 327.3 320.7 +2.1%

2- Construction of the consolidated turnover

2.1 – 3rd quarter

In €M 2024 2023 Variation
Gross gaming revenue (GGR) 179.5 178.7 +0.4%
Levies -100.1 -99.5 +0.7%
Net gaming revenue (NGR) 79.3 79.2 +0.2%
Turnover excluding NGR 28.2 26.7 +5.5%
Fidelity Programme -0.8 -0.9 -9.7%
Total consolidated turnover 106.8 105.1 +1.6%

2.2 – Aggregate 9 months

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
In €M 2024 2023 Variation
Gross gaming revenue (GGR) 526.4 519.7 +1.3%
Levies -267.4 -264.5 +1.1%
Net gaming revenue (NGR) 259.0 255.3 +1.5%
Turnover excluding NGR 70.6 68.1 +3.6%
Fidelity Programme -2.2 -2.7 -17.5%
Total consolidated turnover 327.3 320.7 +2.1%

3- Breakdown of turnover by division

3.1 – 3rd quarter

In €M 2024 2023 Variation
Casinos * 93.3 92.4 +1.0%
Hotels * 9.5 8.8 +7.8%
Other 3.9 3.9 +0.9%
Total consolidated turnover 106.8 105.1 +1.6%

3.2 – Cumul 9 mois

In €M 2024 2023 Variation
Casinos * 297.1 292.3 +1.7%
Hotels * 22.2 19.7 +12.7%
Other 8.1 8.8 -8.1%
Total consolidated turnover 327.3 320.7 +2.1%

* Since the 1st November 2023, the Pavillon la Rotonde hotel at La-Tour-de-Salvagny casino has been integrated into the Hotels division (previously Casinos).

4- Glossary

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. tax to the State, the city halls, CSG, CRDS).

The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.

Attachment

Continue Reading

FR0012612646

GROUPE PARTOUCHE: Solid Half-Year Income & Financial Structure in a resumption period of significant growth investments

Published

on

groupe-partouche:-solid-half-year-income-&-financial-structure-in-a-resumption-period-of-significant-growth-investments

Solid Half-Year Income & Financial Structure
in a resumption period of significant growth investments

  • Turnover: 220.6 €M (+2.3 %)
  • EBITDA: 41.0 €M compared to 42.7 €M at 1st Half-year 2023
  • Net Income: 7.1 €M compared to 18.8 €M at 1st Half-year 2023
  • Healthy financial situation: gearing of 0.2x and leverage of 1.3x

Paris, 25th June 2024, 06:00 p.m. – During its meeting held on the 25th June 2024 and after having reviewed the management report of Groupe Partouche Executive Board, the Supervisory Board examined the audited accounts of the 1st half-year 2023-2024 (November 2023 to April 2024).

Strong Business Momentum and Growth Investment in Casinos

The strong business momentum in the half-year was reflected in a Gross Gaming Revenue (GGR) increase of +1.7% to €346.9 million and a revenue increase of +2.3% to €220.6 million.

The Group’s EBITDA decreased by – 4.0% at € 41.0 M (i.e. 18.6% of turnover) compared to € 42.7 M (19.8% of turnover) in the first half of 2023.

The Group’s Current Operational Income (COI) reached € 15.5 M compared to € 19.3 M in the first half of 2023. This decrease materializes in the three business sectors (casinos, hotels and others):

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
  • The casinos COI at € 24.3 M (compared to € 27.0 M in the first half of 2023) is penalized by operating difficulties encountered by the numerous establishments undergoing renovation in Vichy, La Tour-de-Salvagny, Saint Amand-les-Eaux, Divonne and Casino 314 (Cannes). Furthermore, the Middelkerke casino in Belgium, which relocated to the seafront at the end of March 2024, is penalized by its heavy development works;
  • Conversely, the COI of online gaming in Meyrin (Switzerland) and Middelkerke (Belgium), launched since 29th January 2024, both increased by + € 0.7 M and + € 0.4 M respectively;
  • The COI of the hotels is a loss of – € 2.7 M in H1 2024 compared to – € 2.3 M in H1 2023, as well as that of the “Other” sector at – € 6.2 M compared to – € 5.4 M.

Purchases and external expenses at € 72.6 M increased by € 2.0 M (+2.8%), with particularly:

  • an increase in advertising/marketing expenses of € 0.8 M (+5.4%) relating to the operations of Groupe Partouche 50th anniversary, between March and December 2023, and to a more offensive digital marketing in Meyrin (Switzerland) linked to its online activity;
  • an increase in subcontracting expenses of € 0.8 M (+14.3%) due to the rise in cleaning and security expenses (+ € 0.5 M) and other expenses and;
  • conversely, purchases of materials fell by -3.7%, mainly due to the reduction in energy expenditure amounting to € 0.7 M (-8.1%) as a result of falling prices.

Employees’ expenses reached € 90.6 M, up by € 3.2 M, mainly due to an increase in the minimum wage (SMIC) as at 1st January 2024, and new conventional grids applicable from 1st April 2024.

Net Income amounted to € 7.1 M, compared to € 18.8 M on 30th April 2023, taking into account the following items:

  • a non-current operating income of – € 1.0 M compared to a profit of € 0.7 M at 30th April 2023, resulting from the progress margin on the property development contract in La Grande Motte and from the disposal of two real estate assets in Contrexéville. Other non-current income and expenses mainly include accelerated depreciation carried out as part of the development work on La Plage 3.14 for € 0.7 M and the Casino 3.14 for € 0.2 M, as well as renovation work at the La Tour-de-Salvagny casino for € 0.1 M;
  • a financial income of – € 1.0 M (compared to – € 1.5 M in H1 2023). The cost of financial debt is up as it follows the increase in the Group’s gross debt as well as the average annual interest rate given the macroeconomic situation. However, this increase in financial costs is largely offset by investment income which increased by € 1.5 M. In addition, financial expenses related to IFRS 16 lease liabilities increased by € 0.5 M;
  • A tax expense (CVAE included) of € 6.1 M compared to a tax revenue + € 0.3 M in H1 2023due to the activation of the balance of the Group’s carry forward tax losses generating differed tax income of € 3.6 M, while in H1 2024, a consumption of differed tax of – € 2.7 M was observed.

With a cash flow net of levies of € 89.8 M, equity of € 367.3 and net debt of € 81.2 M (constructed in accordance with the terms of the syndicated loan contract, according to the former IAS 17 standards, excluding IFRS 16), the Group’s financial structure is sound and robust, enabling it to continue its growth investment program.

The 1st half-year financial report as of 30th April 2024 is available today on the Group’s website www.groupepartouche.com in the Finance section.

Upcoming events:

– 3rd quarter financial information: Tuesday 10th September 2024, after stock market closure

– 4th quarter turnover: Tuesday 10th December 2024, after stock market closure

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment B. ISIN: FR0012612646 – Reuters PARP.PA – Bloomberg: PARP:FP

FINANCIAL INFORMATION

Groupe Partouche        Phone : 01.47.64.33.45
Valérie Fort, Financial Chief Officer        [email protected]

Annex

Consolidated income

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
In €M – At 30th April (6 months) 2024 2023 Difference Var.
Turnover 220.6 215.6 5.0 +2.3%
Purchases & External Expenses (72.6) (70.7) (2.0) +2.8%
Taxes & Duties (10.2) (9.6) (0.6) +6.7%
Employees Expenses (90.6) (87.4) (3.2) +3.7%
Depreciation, amortisation & impairment of fixed assets (25.2) (24.5) (0.7) +3.0%
Other current, income & current operating expenses (6.5) (4.2) (2.3) +56.1%
Current Operating Income 15.5 19.3 (3.9) -19.9%
Other non-current income & operating expenses (1.0) 0.7 (1.7)
Gain (loss) on the sale of consolidated expenses
Impairment of non-current assets
Non-current Operating Income (1.0) 0.7 (1.7)
Operating Income 14.5 20.0 (5.6) -27.9%
Financial Income (1.0) (1.5) 0.4
Income before tax 13.4 18.6 (5.1) -27.7%
Corporate Income (5.6) 1.0 (6.7)
CVAE Taxes (0.4) (0.7) 0.2
Income after Tax 7.4 18.9 (11.6) -61.1%
Shares in earnings of equity-accounted associates (0.2) (0.1) -0.2
Total Net Income 7.1 18.8 (11.7) -62.2%
o/w Group’ share 5.1 16.7 (7.5)  

EBITDA (*) 41.0 42.7 (1.7) -4.0%
Margin EBITDA / Turnover 18.6% 19.8%   -1.2 pt

(*) considering the application of IFRS 16 which has the automatic effect of improving EBITDA by € 7.6 M in H1 2024 and by € 6.9 M in H1 2023.

Taxes and Duties represent an expense of € 10.2 M compared to € 9.6 M in the first half of 2023.

The increase in depreciation and amortization on fixed assets, up +3.0% to € 25.2 M, reflects the resumption of a robust investment program in the Group’s establishments.

Other current operating income and expenses represent a net expense of – € 6.5 M compared to – € 4.2 M in the first half of 2023. This development is explained in particular by the provision relating to the multisite jackpot, which has not been won since March 2023.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Operating income stands at € 14.5 M compared to € 20.0 M in HY 2023 and income before tax at €13.4 M compared to € 18.6 M in HY 2023.

The consolidated net income for the half-year is a profit of € 7.1 M compared to € 18.8 M as at 30th April 2023, of which the Group’s share is a profit of € 5.1 M compared to € 16.7 M on 30th of April 2023.

Balance Sheet

Total net assets as of 30th April 2024 represent € 825.3 M compared to € 804.3 M as of 31st October 2023. The noteworthy changes over the period are as follows:

  • an increase in non-current assets of € 33.6 M mainly due, to the net increase in property, plant and equipment of € 31.7 M, essentially made up of the rental management contract of the Cannes 3.14 Casino (€ 6.5 M) retreated according to IFRS 16 in respect to its moving set-up for coming autumn, within the premises of the Palm Beach and to the volume of the current investments in the casinos of La Tour-de-Salvagny (€ 6.3M), Middelkerke (€ 5.8 M), Divonne (€ 3.8 M), 3.14 Cannes (€ 2.7 M), Vichy (€ 1.1 M), Annemasse (€ 1.1 M), St Amand-les-Eaux (€ 1.0 M) and Contrexéville (€ 0.8M) as well as the Plage 314 (beach) (€ 1.0 M);
  • a decrease in current assets of € 12.6 M, mainly due to consumption of cash of € 27.5 M offset by an increase in the item “customers and other debtors” of € 14.0 M.

On the liabilities side, shareholders’ equity, including minority interests, went from € 366.9 M at 31st October 2023 to € 367.3 M at 30th April 2024, including a profit for the period of € 5.1 M for the Group share and € 2.0 M for minority interests.

The financial debt at 30th April 2024, increased by € 11.8 M (current & non-current shares) compared to 31st October 2023, taking into account:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
  • The 2 quarterly deadlines of the syndicated loan paid on 31st January 2024 and 30th April 2024 for an aggregated amount of – € 5.4 M, as well as other banking debts for € 9.1 M;
  • The setting up of new bank loans for + € 18.2 M;
  • as well as flows related to leases treated according to IFRS 16.

Financial structure – Summary of net debt

The Group’s financial structure can be assessed using the following table (constructed in accordance with the terms of the syndicated loan agreement, based on the former IAS 17 standards, excluding IFRS 16).

In €M 30/04/24 31/10/23 30/04/23
Equity 367.3 366.9 369.0
Gross Debt* 171.0 167.6 166.4
Cash less gaming levies 89.8 113.8 127.8
Net Debt 81.2 53.9 38.6
Ratio Net Debt / Equity (« gearing ») 0.2x 0.1x 0.1x
Ratio Net Debt / Consolidated EBITDA (« leverage »)** 1.3x 0.8x 0.5x

(*) The gross deb includes bank borrowings, bond loans and restated leases, accrued interest, miscellaneous loans and financial debts, bank loans and financial instruments.

(**) The consolidated EBITDA used to determine the “leverage” is calculated over a rolling 12-months period, according to the old IAS 17 standard (that is to say before application of IFRS 16), at namely € 61.9 M at 30/04/2024, € 64.3 M at 31/10/2023 and € 72.4 M at 30/04/2023.

Glossary

The “Gross Gaming Revenue” corresponds to the sum of the various games operated, after deduction of the payment of the winnings to the players. This amount is debited by the “levies” (i.e. tax to the State, the city halls, CSG, CRDS).

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The «Gross Gaming Revenue» becomes the “Net Gaming Revenue” after levies, which is a component of the turnover.

“Current Operating Income” (COI) includes all expenses and income directly related to the Group’s activities to the extent that these elements are recurrent, usual within the operating cycle or that they result from specific events or decisions pertaining to the Group’s activities.

“Consolidated EBITDA” (EBITDA) is made up of the balance of income and expenses of the current operating income, excluding depreciation (allocations and reversals) and provisions (allocations and reversals) related to the Group’ business activity included in the current operating income but excluded from Ebitda due to their non-recurring nature.

Attachment

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

FR0012612646

GROUPE PARTOUCHE: 1st half-year 2024 revenue in growth by 2.3 % at € 220.6 M / Dynamic activities, new partnerships and reopening of two iconic casinos

Published

on

groupe-partouche:-1st-half-year-2024-revenue-in-growth-by-23-%-at-e-220.6-m-/-dynamic-activities,-new-partnerships-and-reopening-of-two-iconic-casinos

1st half-year 2024 revenue in growth by 2.3 % at € 220.6 M
Dynamic activities, new partnerships
and reopening of two iconic casinos

Paris, 11th June 2024, 06:00 p.m. – Groupe Partouche, a European leader in gaming, publishes today its consolidated turnover for the 2nd quarter 2024 (February 2024 – April 2024) as well as its consolidated turnover for the first half-year (November 2023 – April 2024).

Revenue for the first half of 2024 up by 2.3% to €220.6 Million

The activity for the first half of 2024 shows a solid growth dynamic: a 2.3% increase in cumulative six-month revenue, reaching € 220.6 M compared to € 215.6 M in H1 2023, and a 2.1 % increase in Net Gaming Revenue to € 179.7 M (compared to € 176,0 M in H1 2023).

Thus, the positive revenue trend recorded in the first quarter (+2.0 %) is confirmed with a 2.6 % increase in revenue for the second quarter of 2024, reaching € 101.9 M compared to € 99.2 M in Q2 2023.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In detail, the Gross Gaming Revenue (GGR) for the second quarter increases by 2.7 % to € 173.7 M (compared to € 169.1 M in Q2 2023):

  • The GGR growth in France (89 % of Group GGR) stands at +1.7 % to € 154.8 M compared to Q2 2023, driven by a 2.5 % increase in slot machine GGR to € 124.6 M (80 % of France GGR). The GGR from table games, both electronic and non-electronic, decreases by 1.4 % to € 30.2 M;
  • Abroad, the GGR increases by 11.5 % compared to Q2 2023, reaching € 18.9 M, thanks to the continuous rise of Swiss online gaming (+48.9 %). The Middelkerke casino also performs well (+31.7 % vs. Q2 2023).

After deductions, the Net Gaming Revenue (NGR) increases by 2.8 % to € 81.5 M, compared to € 79.3 M in Q2 2023. Non-gaming activities generates a revenue of € 21.1 M (+0.7%), mainly due to the regained dynamism of Hotels (+14.2 %).

Developments: New Partnerships and Reopening of Two Iconic Casinos

Partnership with the Starred Chef Michel Sarran

This collaboration with the starred chef Michel Sarran aims to enhance culinary excellence and the customer experience within the Group’s establishments. Michel Sarran will bring his expertise to broaden the culinary horizons of the experiences offered to the Group’s customers, from finger food to the menus of the establishments. Our teams will have the opportunity to enrich their experience through training provided by Michel Sarran, who will also support major events in the Group’s calendar.

Partnership with Palm Beach Exploitations in Cannes

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Groupe Partouche announces the sale of 40% of Cannes Centre Croisette, which operates the 3.14 casino, to Palm Beach Exploitations. The latter will reinvest in Palm Beach over the summer of 2024, following extensive renovations by Palm Beach Exploitations, transforming it into a luxurious beachfront leisure complex reminiscent of its original spirit. Through this association, Groupe Partouche aims to benefit from the affluent clientele that will frequent this iconic venue. The renovation costs, borne by Cannes Centre Croisette, amount to € 5.6 M.

Opening of Copal Beach in Cannes

The partnership with Financière Must, led by Julien Manival (see press release of March 12, 2024), culminates today with the opening of Copal Beach (previously La Plage 3.14) in Cannes on the Croisette, featuring a South American concept and cuisine by Colombian chef Juan Arbelaez.

Opening of the New Pasino Grand-La Tour Salvagny

After two years of renovations amounting to approximately € 21.0 M, the Lyon Vert casino has been transformed into the Pasino Grand-La Tour Salvagny, joining the prestigious major establishments of the group. This transformation marks a new era for the casino, offering visitors an even more immersive and entertaining gaming experience. With a remarkable increase in gaming space from 1,600 m² to nearly 4,000 m², the Pasino Grand-La Tour Salvagny will offer an exceptional variety of games. This modernization also includes the integration of the latest technologies, ensuring an innovative experience for players. Culinary surprises await guests with a high-quality and surprising bistronomic offering.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Partial Reopening of the Annemasse Casino

Since October 2022, extensive renovations amounting to € 8.1 M have been underway to restore the casino, established in 1995, to its former glory. The first phase of this major renovation was completed in January 2024, with the official reopening of the entrance via its rotunda and the left wing of the establishment, which houses the slot machines and a smoking terrace at the end of the wing. The dining and bar areas have also been completely renovated. The restaurant is located behind the indoor bar and opens onto the outside, with a panoramic terrace overlooking the banks of the Arve.

Sustainable Development: Obtaining Two CSR Labels

Groupe Partouche has been awarded the “Progression” level of the RSE label and the Responsibility Europe label by AFNOR Certification. These two internationally recognized labels reward the commitment and demonstrate the maturity and performance of our CSR approach, as well as the integration of the Sustainable Development Goals (SDGs) and the recommendations of the ISO 26000 reference standard.

Upcoming events:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Income 1st quarter: Tuesday 25th June 2024, after stock market closure

Financial information 3rd quarter: Tuesday 10th September 2024, after stock market closure

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment B. ISIN : FR0012612646 – Reuters PARP.PA – Bloomberg : PARP:FP

ANNEX

1- Consolidated turnover

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
In €M 2024 2023 Variation
1st quarter 118.7 116.4 +2.0%
2nd quarter 101.9 99.2 +2.6%
Total consolidated turnover 220.6 215.6 +2.3%

2- Construction of the consolidated turnover

2.1 – 2nd quarter

In €M 2024 2023 Variation
Gross gaming revenue (GGR) 173.7 169.1 +2.7%
levies -92.2 -89.8 +2.6%
Net gaming revenue (NGR) 81.5 79.3 +2.8%
Turnover excluding NGR 21.1 20.9 +0.7%
Fidelity programme -0.7 -1.0 -25.6%
Total consolidated turnover 101.9 99.2 +2.6%

2.2 – Aggregate 6 months

In €M 2024 2023 Variation
Gross gaming revenue (GGR) 346.9 341.0 +1.7%
Levies -167.2 -165.0 +1.4%
Net gaming revenue (NGR) 179.7 176.0 +2.1%
Turnover excluding NGR 42.4 41.4 +2.4%
Fidelity programme -1.4 -1.8 -21.2%
Total consolidated turnover 220.6 215.6 +2.3%

3- Breakdown of consolidated turnover by activity

3.1 – 2nd quarter

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
In €M 2024 2023 Variation
Casinos 93.4 91.0 +2.7%
Hotels 6.5 5.7 +14.2%
Other 2.0 2.6 -23.2%
Total consolidated turnover 101.9 99.2 +2.6%

3.2 – Aggregate 6 months

In €M 2024 2023 Variation
Casinos * 203.8 199.9 +2.0%
Hotels * 12.7 10.9 +16.7%
Other 4.1 4.9 -15.3%
Total consolidated turnover 220.6 215.6 +2.3%

* The hotel Pavillon de la Rotonde at La-Tour-de-Salvagny has been included in the Hotels activity since 1st November 2023 (against casinos previously)

4- Glossary

The «Gross Gaming Revenue» corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. tax to the State, the city halls, CSG, CRDS).

The «Gross Gaming Revenue» after deduction of the levies, becomes the «Net Gaming Revenue», a component of the turnover.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Attachment

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania