Groupe Partouche recently released its Q3 figures, showing great improvement in the past few months. The venture has made more than 151 million euros in Q3, amassing a 38.8% yearly growth. The figure converts into 129 million pounds and 178.3 million dollars.
The casino showcased massive growth compared to 2020’s numbers. However, the GGR still fell by 8% when compared to 2019’s Q3 earnings. A major chunk of Groupe Partouche’s earnings came through France. The casino racked 112.3 million euros in the region, noting a 27.8% surge.
Groupe Partouche did not reveal any information about the revenue earned by its gaming categories. The only information it provided was that:
- France witnessed a 28.4% growth in slots
- Table games were up by 24.9%, and
- The electronic gaming revenue increased by 23.4%
The reason behind France’s dominant contribution is the reopening of major sectors in the region. Most France-based casinos restarted their operations on May 13th. However, even then, the casinos can only run at 35% of their total capacity. Authorities even issued a 9 pm curfew while the casinos were permitted to offer electronic table games and slots.
Table games started on June 9th, with the curfew expanding till 11 pm. The French authorities lifted the curfew on June 20th, and after July 21st, customers were required to show a Health Pass (vaccination proof) to enter casinos.
The casino also noted a whopping 84.2% growth in gross gaming revenue outside France. The figure reached 39.2 million euros, courtesy of the online gambling operations in Switzerland.
Groupe Partouche’s partnership with Evolution Gaming played a crucial role in boosting the revenue. While Belgium only allowed casinos to reopen from June 9th, Switzerland never restricted them. Tunisia also closed the casinos for one month but faced severe hindrances in its tourism industry.
The venture noted its net gaming revenue growing by 74.9%, reaching 98.5 million euros. In addition, Belgium lowering its online gambling rates and France levying its gambling system helped the casino earn a stabilized 53 million euros growth.
With more regions promoting gambling, the upcoming quarter might be the best one for Groupe Partouche in 2021.