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Groupe Partouche GGR Declines 71.1% in Q2 2021
French casino operator Groupe Partouche has published its consolidated turnover for the second quarter of 2021 (Feb 2021 – Apr 2021).
During the second quarter, all French casinos remained closed, under general measures taken by the Government to deal with the covid-19 pandemic. Abroad, the Ostend casino (Belgium) also remained closed. The Swiss casinos of Meyrin and Crans-Montana were able to welcome their customers again from April 19, without a curfew, but respecting health constraints. The Djerba (Tunisia) casino remained open but was forced to apply a curfew starting at 10 pm.
As a result, the GGR stood at €25.1 million, down 71.1% compared to the second quarter of 2020 which started with excellent momentum before seeing the number of operating days cut by half, with the closures linked to the first confinement starting in mid-March 2020. The GGR focused exclusively on foreign casinos and more specifically on Swiss online games and online games and betting in Belgium. Their overall GGR more than doubled to reach €23.9 million, an increase of 136.6%. Net gaming revenue (NGR) excluding levies fell by 52.8 % to €22.0 million. Overall, the second quarter turnover totalled €23.6 million, down by 58.4%.
The non-gaming activity generated a turnover of €1.6 million (84.4%) linked in particular to the opening of a few hotels housed in the Group’s casinos and the Aquabella hotel in Aix-en-Provence. At the end of April, the aggregated turnover over 6 months amounted to €47.2 million, down by 74.3%, with a 70.4% decrease in Net Gaming Revenue to €44.3 million.
“After a minimum of 201 days of closure, French casinos have been welcoming their customers again since Wednesday, 19th May. Only slot machines and electronic forms of table games were accessible with the constraint of a 9 pm curfew. Nevertheless, the resumption of activity was very satisfactory. As of this day, the table games can reopen and the curfew is pushed back to 11 p.m. Moreover, a health-pass is required in the establishments where the operator decides to welcome more than 1000 people,” Groupe Partouche said.
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Author: Niji Narayan