The French gaming company Partouche Group experienced a robust third quarter, with total gambling income (GGR) climbing 6.5% year-over-year to €178.8 million (£153.9 million/$192 million). The primary driver of this growth was the expansion of operations outside of France.
Partouche Group’s total gambling income in the third quarter rose by 6.5% to €178.8 million. In the three-month period ending June 30, Partouche Group’s total gambling income reached €178.8 million, a significant increase from €167.9 million in the same period last year.
Income from French operations amounted to €161.5 million, a 5.6% increase. Slot machine gaming revenue climbed by 5.3%, table game revenue by 6.8%, and electronic gaming revenue by 9.8%.
Beyond France, gambling revenue reached €17.2 million, a substantial 15.1% year-over-year increase. Partouche Group reported strong performance from its Swiss online gaming operations, with gambling revenue soaring by 47.8% to €4.2 million. Additionally, Partouche Group’s new land-based casino in Middelkerke, Belgium, also contributed to its earnings. The casino was fully operational in the third quarter, compared to only 23 days of operation in the first half of the year.
Consolidated turnover in the third quarter surpassed €105 million. Partouche Group paid €99.5 million in taxes in the third quarter, a 7.2% increase from 2022. This resulted in net gambling revenue of €79.2 million for the quarter, a 5.6% increase. After deducting €0.9 million in loyalty program payments, consolidated turnover reached €105.1 million, a 4.1% increase.
The organization unveiled its operational summary, providing a detailed account of combined earnings. Gaming revenue experienced a 5.2% upswing, reaching €92.4 million, solidifying its position as the primary income stream.
Accommodation revenue also saw an increase, rising by 6.5% to €8.8 million. However, miscellaneous revenue witnessed a 19.9% dip, settling at €3.9 million in the third quarter.
The group’s total gaming revenue for the year to date has shown a 13.5% growth.
During the nine months concluding on June 30, the group’s total gaming revenue reached €519.7 million, representing a 13.5% rise.
Tax obligations surged by 15.3%, reaching €264.5 million, while net gaming earnings climbed by 11.8% to €255.2 million. Following the disbursement of €2.7 million in loyalty program payments, combined revenue experienced an 11.3% increase, settling at €320.7 million.
Of this total, €292.3 million originated from gaming establishments, reflecting an 11.9% year-over-year growth. Hotel operating revenue amounted to €19.7 million, signifying a 14.0% rise. Nevertheless, miscellaneous revenue declined by 8.6%, reaching €8.8 million.
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