French casino operator Groupe Partouche has reported a severe impact on its operational performance in its 2020 annual results as a result of the pandemic.
Its turnover was €343.5m, down 20.8 per cent on the previous year and its EBITDA stood at €51.2m, a sharp fall on the €75.7m of the previous year.
The company said that the year had started with good momentum, but this was suddenly brought to a half in mid-March by the first lockdown and the ban on opening. It reopened in June with health measures but French casinos began to close again in October and remain closed at this time.
GGR was down by 21.8 per cent, €525.7m for the financial year, principally through the impact on the French casinos where GGR was down 26.7 per cent. Only table games showed an improvement, driven by the jump in online games and sports betting in Belgium which showed a 51.1 per cent increase.
Net gaming revenue fell to €282.9m and the group has shown an operating loss of €8.3m down by €41.7m in comparison with 2019.
The outlook, said the group, was bright with renovation work or expansion construction at several venues in France. The consortium formed by the group and Pixel Compaz last August in response to the call for tenders to run an integrated casino resort in Nagasaki, Japan, would be managed by Partouche if successful.