Revenue rockets 490.4% at Groupe Partouche in Q2 as casinos reopen

Land-based casino operator Groupe Partouche reported a 490.4% year-on-year increase in revenue for the second quarter of its 2021-22 financial year, following the reopening of its casino properties.

Gross gaming revenue for the three months through to 30 April 2022 amounted to €148.2m (£128.8m/$154.5m), up from €35.1m in the same period in 2020-21.

This sharp increase was due to the reopening of land-based casinos in France following the easing of novel coronavirus (Covid-19) measures. French casinos were closed in Q2 of 2020-21 as a result of Covid-19 restrictions, while its Swiss properties only opened towards the end of the period and its sole casino on Tunisia operated with a 10pm curfew.

Certain measures remained in place for part of Q2 including the requirement to present a vaccination pass at French casinos between 24 January and 13 March, with the operator said limited visitors. In Switzerland, a similar rule was lifted from 17 February.

Partouche noted that the quarter was impacted by other activities, including the disposal of its stake in the Crans-Montana casino in Switzerland, while it also halted online gambling in Belgium.

Source: https://igamingbusiness.com/revenue-rockets-490-4-at-groupe-partouche-in-q2-as-casinos-reopen/