Full year gross gaming revenue (GGR) for the French land-based gaming group hit €712.3 million (£587.7 million/$747.9 million). This beats the €701.5 million posted by Groupe Partouche in the previous year, according to data from the operator. The figures cover the 12 month period between November 2023 to October 2024.
Breaking down its performance, land-based casinos saw the highest turnover at €391.5 million, up 2% year-on-year. Hotel revenue climbed 11% to €31.2 million but other revenue was down 2.5% at €11.6 million.
The operator faced extensive renovation work at its three largest locations in France during the period. This impacted its results across its electronic games (-1.4%), electronic table games (-0.7%) and traditional games (-2.5%) verticals in France. Venues in Annemasse, Divonne and La Tour-de-Salvagny were impacted.
After the end FY24, the group’s Cannes casino was relocated to Palm Beach. The new-look Royal Palm Casino completed its move in early December.
In France, slot machines were responsible for €636.1 million of GGR in the country in FY24. This is 1.5% higher than the previous year despite renovation work at the casinos.
Swiss success for Groupe Partouche
Outside France however, annual GGR was 7.3% higher than the previous year at €76.3 million. This, Groupe Partouche said, was helped by a favourable exchange rate effect linked to the Meyrin casino in Switzerland. This drew an additional €1.5 million in GGR.
GGR from traditional games was 23.8% higher at €36.8 million, while online gaming GGR in Switzerland also jumped 34.5% to €23.6 million. Additionally, the group said its Middelkerke casino in Belgium performed well, with GGR up 33.3%.
Strong finish after gloomy Q3
Finally, GGR in Q4 (the four months to 30 October) was 2.3% higher year-on-year to €186 million. Net gaming revenue for the quarter also increased 6.8% to €27.9 million while consolidated turnover climbed 3.7% to €107 million.
Q4 turnover surpassed the €106.8 million generated in Q3, which was hit by what Groupe Partouche described as a “gloomy” summer in France.
Casinos drew €94.4 million of Q4 consolidated turnover, a rise of 2.1%. Hotels turnover was also up 7.0% while other revenue increased by 13.2%.
During the 12 months, The group paid €373.7 million in levies, leaving €338.7 million in net gaming revenue, up 1.7%. Turnover excluding net gaming revenue was 4.5% higher at €98.5 million while the operator also accounted for €2.9 million in fidelity programme costs.
As such, Partouche ended FY24 with €434.3 million in consolidated turnover, an increase of 2.5% on the previous year.
Original article: https://igamingbusiness.com/finance/full-year-results/revenue-up-groupe-partouche-fy24/
