Like all other land-based casino operators present on French soil, Partouche Group has been heavily impacted by the international Covid-19 coronavirus pandemic, which has led to the temporary closure of its gaming establishments.
Fortunately for the group, these difficulties now seem to be a thing of the past. Indeed, the group has just reported excellent results for the fourth quarter of the 2021-2022 fiscal year.
They are even up compared to those achieved in the same period of the 2018-2019 fiscal year, that is, before the start of the global health crisis.
Details of the fourth quarter results for fiscal year 2021-2022
The fourth quarter of the Partouche Group’s 2021-2022 fiscal year ended on Monday, October 31. During this period, its gross gaming revenue reached €178.8 million, representing an increase of 20.3% compared to the months of August, September and October 2021.
On a like-for-like basis, i.e., taking into account only the common activities during the 2 periods, the gross gaming revenue increased by 21.7% compared to the 2020-2021 fiscal year and even by 8.3% against that of 2018-2019, i.e., before the Covid-19 pandemic.
After deductions, net gaming revenue increased by 5.5% to €77.1 million, in the months of August, September and October 2022. 100.7 million, representing a year-on-year increase of 6.7%.
Annual results up even before the health crisis
In France, the health restrictions related to the Covid-19 pandemic were lifted in land-based casinos throughout the country in the middle of March 2022. In fact, we can see that from that moment on, Groupe Partouche’s activities have been growing steadily.
Over the entire 2021-2022 fiscal year, the operator’s revenue reached €388.8 million, an increase of 52% compared to the previous fiscal year. On a like-for-like basis, it increased by 108.2% compared to 2020-2021 and even by 2% compared to 2018-2019.
In short, the adverse effects of the global health crisis are no longer being felt by the Partouche Group. The day after the announcement of these excellent results, its shares jumped 3.7% to reach €22.4 in early trading on the Paris stock exchange.
Partouche Group: a major operator with 38 casinos in France
Created in 1973 by Isidore Partouche, the Partouche Group is the second largest operator in France in terms of gross gaming revenue. However, it remains the first in terms of the number of land-based casinos.
It has no less than 38 land-based casinos on French soil at the moment. Among them are the Pasino in Aix-en-Provence, the Pasino in Saint-Amand-Les-Eaux and the Casino Le Lyon Vert in La Tour de Salvagny, which are among the top 10 casinos with the highest gross gaming revenue in France.
