Groupe Partouche has reported a relatively flat 1.5% year-on-year increase on gross gaming revenue (GGR) for its 2024 financial year due to the partial closure of three land-based casinos in France due to renovation work.
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 and 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.
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%.
Finally, GGR in Q4 (the four months to 30 October) was 2.3% higher year-on-year at €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.
