Partouche Group’s revenue bounces back in the third quarter to €151.3 million

The Partouche Group’s financial performance bounced back in the third quarter, reaching €151.3 million – iGB

The Partouche Group’s total gaming income in the third quarter showed a 38.8% upswing compared to the same period a year ago. Net income also saw a notable rise as of July 31, while gaming taxes remained steady.

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Partouche Group’s revenue rebounded in the third quarter to €151.3 million
Revenue for the three months ending July 31 amounted to €151.5 million (£129.0 million/$178.3 million). While this represents a substantial increase from the pandemic-impacted third quarter of 2020, the figure is down 8.0% from the third quarter of 2019.

Operations in France generated the bulk of revenue, reaching €112.3 million, a 27.8% increase. While Partouche did not disclose the total revenue for different game categories, they did mention that electronic gaming revenue in France climbed by 28.4%, table game revenue rose by 24.9%. Electronic gaming revenue increased by 23.4%.

Many operational restrictions were lifted in France during the quarter. At the beginning of the quarter, casinos were unable to operate, but from May 19, casinos were permitted to open at 35% capacity until a 9pm curfew, but only slot machines and electronic table games were allowed.

Table games were permitted from June 9, and the curfew was pushed back to 11pm, before being lifted on June 20. From July 21, a “health pass” was required to enter casinos, proving that individuals had been vaccinated.

Gross gaming revenue outside of France increased by 84.2% to €39 million.

Swiss online gaming earnings have soared, in part due to a collaboration with live gaming specialist Evolution, which doubled earnings. Belgian gambling houses reopened on June 9th, while Swiss gambling houses remained open throughout.

Tunisian gambling houses were only closed for a month, but the country’s tourism sector was severely impacted by travel limitations.

Net gambling earnings, after subtracting gambling taxes and fees, grew even faster, increasing by 74.9% to €98.5 million. This substantial increase was due to the French gambling tax system, which kept the tax amount stable at €53 million, and the lower online gambling tax rate in Belgium.

The operator generated €16.3 million in non-gambling earnings, but paid €600,000 for loyalty programs, resulting in a final revenue of €114.2 million, an increase of 73.1%. This figure not only represents a substantial increase compared to 2020, but also an 8.9% increase compared to 2019.

Of the €114.2 million, €96.5 million came from gambling houses, €3.1 million from hotels, and €37.3 million from other sources.

However, the operator did not provide details of its expenditures or final profit.

In the first nine months of the Patouche fiscal year (starting November 1st), the operator’s net income was €161.4 million.

Patouche had applied for a permit to construct an integrated resort in Nagasaki Prefecture, Japan. However, it did not make the final three.

Austrias Global Casino Enterprise emerged victorious in the bidding process, but only after their rival, Oshidori International Holdings, withdrew. Oshidori asserted that they harbored “doubts about numerous ethical irregularities in the tender procedure.”

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