Groupe Partouche Reports Strong Growth in Consolidated Turnover for H1 2023

Groupe Partouche, a European iGaming industry leader, has released its H1 report for the second quarter of 2023, revealing a considerable growth in consolidated turnover. The company’s revenue increased by 15% to around $233 million (€215.6 million) compared to the same period last year. Groupe Partouche attributed this strong performance to a variety of variables, including the effect of COVID-19 vaccinations on casino patrons and strategic advances in several regions.

Due to immunization requirements for crossing state lines, casino visitation was limited in the early half of the previous fiscal year. However, as the vaccination deployment progressed, the number of visitors to Groupe Partouche’s casinos climbed progressively. Notably, the selling of a stake in the Crans-Montana casino in Switzerland and the Group’s subsequent entry into the Middelkerke casino in Belgium have both contributed to the company’s expansion.

During the second quarter of 2023, Groupe Partouche experienced significant growth in gross gaming revenue (GGR). The overall GGR increased by 14.1% to €169.1 million, up from €148.2 million the previous year. In France, GGR increased by 13.7% to €152.1 million, owing mostly to an 18% increase in tourist numbers. Furthermore, slot machines increased by 10.0%, reaching €121.5 million, while electronic variants of classic games increased by 26.8%, totaling €18.2 million.

Groupe Partouche’s overseas activities grew strongly as well, with GGR increasing by 18.1% over the previous year’s second quarter, reaching €17.0 million. With a year-on-year increase of 24.3%, the company’s Swiss online gaming division continued to produce profits. After deducting the charge, net gaming revenue (NGR) increased by 11.9% to €79.3 million, up from €70.8 million the previous year. Non-gaming activities also contributed to a €20.9 million turnover, representing a 12.1% increase.

The worldwide turnover of Groupe Partouche for the second quarter of 2023 was €99.2 million, an increase of 11.4% over the previous year’s €89.1 million. The consolidated turnover for the first half of 2023 increased by 15.2%, reaching €215.6 million. In comparison, the turnover in 2022 was €187.2 million during the same period. Furthermore, net gaming revenue (NGR) increased 14.8% to €176.0 million, demonstrating a reestablishment of activity dynamics following the COVID-19 epidemic.

Groupe Partouche is looking forward to the stock market closure on Tuesday, June 27th, where it will get first-quarter financial statistics. The stock market closure set for Tuesday, September 12th, 2023, will give trustworthy information on the company’s financial performance for the third quarter.

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