Groupe Partouche Surges Ahead- Revenue Growth and Strategic Partnerships
Leading French casino operator, Groupe Partouche, has revealed its recent financial success, including consolidated turnover achieved in Q2 of 2024 and cumulative revenue earned during the first half-year, between November 2023 and April 2024.
Solid revenue growth:
The first half of 2024 demonstrates a robust growth trajectory, with a 2.3% increase in cumulative six-month revenue, totaling €220.6 million compared to €215.6 million in H1 2023. Additionally, Net Gaming Revenue (NGR) sees a 2.1% rise to €179.7 million, compared to €176.0 million in H1 2023. This positive trend continues into the second quarter of 2024, with a 2.6% increase in revenue to €101.9 million, compared to €99.2 million in Q2 2023.
Gross Gaming Revenue (GGR) for the second quarter reflects notable growth, with a 2.7% increase to €173.7 million compared to €169.1 million in Q2 2023. In France, comprising 89% of Group GGR, there is a 1.7% rise to €154.8 million, driven by a 2.5% increase in slot machine GGR to €124.6 million. Internationally, GGR surges by 11.5% to €18.9 million, propelled by the flourishing Swiss online gaming market (+48.9%) and stellar performance at the Middelkerke casino (+31.7%).
Groupe Partouche embarks on strategic collaborations to elevate customer experiences and expand its market presence.
Renowned chef Michel Sarran joins forces with Groupe Partouche to enhance culinary offerings across the Group’s establishments. This collaboration aims to elevate gastronomic experiences and introduce new culinary delights to patrons.
Groupe Partouche announces the sale of a 40% stake in Cannes Centre Croisette, operator of the 3.14 casino, to Palm Beach Exploitations. This strategic alliance aims to rejuvenate the iconic Palm Beach venue, transforming it into a luxurious beachfront leisure complex.
According to the company’s official press release published by GlobeNewswire, the culmination of Groupe Partouche’s partnership with Financière Must sees the launch of Copal Beach (formerly La Plage 3.14) in Cannes. This South American-inspired beachfront destination, curated by Colombian chef Juan Arbelaez, offers an immersive culinary experience.
Transformation and revitalization:
Groupe Partouche undertakes extensive renovations and transformations to enhance visitor experiences and revitalize iconic venues.
Lyon Vert casino undergoes a €21.0 million renovation, emerging as the Pasino Grand-La Tour Salvagny. With expanded gaming space and cutting-edge technology, the casino promises an unparalleled entertainment experience for guests.
Following €8.1 million in renovations, the Annemasse Casino reopens its doors, boasting refreshed amenities and panoramic views of the Arve river.
Groupe Partouche’s commitment to sustainable practices is recognized with the award of two CSR labels: the “Progression” level of the RSE label and the Responsibility Europe label by AFNOR Certification. These accolades underscore the company’s dedication to corporate social responsibility and sustainable development.
As Groupe Partouche continues its journey of growth and innovation, stakeholders eagerly anticipate further developments and achievements in the gaming industry landscape.
