Casino firm Partouche in recovery mode

There was a marked recovery in performances for the big French casino company, Groupe Partouche, in the second half of its financial year.

The results for 2020/21, following over six months of closure, showed GGR down 33.4 percent to €350.2m, with slot machine revenues down 41.8 per cent.

Traditional games in the international market showed a 39.9 per cent rise, driven by the jump in online games and sports betting in Belgium and by new online games in Switzerland.

Net gaming revenue was down at €215.9m and the revenue figures fell from €21.6m to €41.1m. Overall group revenue fell by 25.6 perc ent to €255.7m, 82 per cent of which was generated in the second half of the year.

That second-half performance enabled the company to generate EBITDA of €55m in the period and annually €13m, compared with €51.2m. There was an operating loss of €46.4m.