Groupe Partouche reports H1 revenue uptick following casino renovations

Image: Shutterstock

Groupe Partouche has reported an uptick in revenue for the first half and in the second quarter of 2024 following casino renovations.

Publishing its results, the operator declared revenue of €220.6m for H1, a 2.3 per cent increase year-over-year (H1 2023: €215.6m). Net gaming revenue for the period also rose by 2.1 per cent in comparison to the same period last year to €179.7m (H1 2023: €176m).

For Q2, Groupe Partouche stated that revenue improved by 2.6 per cent YoY to €101.9m (Q2 2023: €99.2m), while GGR came in at €173.7m, up 2.7 per cent when compared to the same period the previous year (Q2 2023: €169.1m).

In France, the operator noted that GGR rose by 1.7 per cent YoY during the quarter to €154.8m, 89 per cent of the group’s total GGR during the period. 

Slot machine GGR was the main contributor at 80 per cent of France’s GGR with €124.6m, up 2.5 per cent. Table games GGR dropped by 1.4 per cent to €30.2m.

Abroad, GGR grew by 11.5 per cent YoY to €18.9m following a 48.9 per cent rise in Swiss online gaming and a 31.7 per cent increase from the Middelkerke casino in Belgium.

Following deductions, Groupe Partouche’s NGR improved by 2.8 per cent YoY during Q2 to €81.5m (Q2 2023: €79.3m), while non-gaming activities revenue stood at €21.1m mainly due to “regained dynamism of hotels”.

During H1, the operator reopened the former Lyon Vert casino as the Pasino Grand-La Tour Salvagny following two years of renovations costing approximately €21m.

Gaming space has been increased at the casino from 1,600 m² to nearly 4,000 m² with more game variety as well as the latest technology and culinary offerings.

The partial reopening of the Annemasse Casino, which has been undergoing renovations amounting to €8.1m since October 2022, was also highlighted by Groupe Partouche. 

The first phase of its renovation – rotunda entrance, left wing, slot machine area, smoking terrace and dining and bar areas – was completed in January this year.

Elsewhere, Groupe Partouche sold 40 per cent of Cannes Centre Croisette, the operator of the 3.14 casino, to Palm Beach Exploitations, who will reinvest over the summer to transform the venue into a “luxurious beachfront leisure complex reminiscent of its original spirit”.

The operator also mentioned its partnership with Chef Michel Sarran, the opening of Copal Beach in Cannes and being awarded two CSR labels – the “Progression” level of the RSE label and the Responsibility Europe label by AFNOR Certification.