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Groupe Partouche posts 666% increase in turnover for Q1 FY22

France’s Groupe Partouche has published its financial results for the first quarter of fiscal year 2022, recording nearly €142m ($156m) in gross gaming revenue (GGR) and an almost 666% increase in casino turnover.

CasinoPartouche

What’s more, the French company, headquartered in Paris, has reported an over fourfold increase year-on-year in overall turnover, and in spite of the continued impact of pandemic-related public health measures.

While Groupe Partouche’s land-based operations were negatively affected by curfews and vaccine passes, all of its casinos were open, driving turnover for Q1 to €98.1m, a considerable improvement over the prior-year period’s €23.5m.

However, this is down 22.6% from the first quarter of fiscal year 2020, when Groupe Partouche recorded €126.7m.

Broken down by business segment, casinos were responsible for the lion’s share of Q1 turnover, generating nearly €92m, approximately 94% of the quarter’s total. Compared to the prior-year period, this represents an almost 666% increase from the €12m for the first quarter of fiscal year 2021.

But again, casino turnover for the quarter was lower than for the same period in fiscal year 2020, when the segment generated €117.5m. While Groupe Partouche appears to be on the road to recovery, public health measures still sting.

“In the first quarter of the current financial year (November 2021 to January 2022), the group’s casinos are all open again, but continue to suffer from the health constraints in place that weigh on their attendance,” stated Groupe Partouche.

“However, if attendance is sharply down (-33%) compared to the first quarter 2020 (November 2019 to January 2020), which was the last pre-pandemic operating period, the average basket increased by 30.3% to €94 over the same period.”


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