France’s Groupe Partouche, a flagship company that is already a leader in the European iGaming industry, officially revealed that during the first quarter of the ongoing year it managed to collect €173.2m in gross gaming income (GGR), which represents an increase of 0.7% compared to the previous year.
The difference between the amount of GGR collected in France and abroad:
Collected GGR in France for the 1Q24 stayed solid at €153.8m. The performance of slot machines grew by 1.4% to €121.2m, which accounts for 79% of the company’s total, while the performance of non-electronic, electronic, and table games, dropped by 5.2% to €32.5m. This further means that the performance of various types of games contrasted with the performance of slot machines.
As for the GGR collected abroad, it grew by 7.3% and reached €19.4m. In addition, online gaming GGR from the firm’s Swiss operations proceeded to improve, jumping 52.8% for the year, while slot machine GGR dropped by 7.5%.
Increase in net gaming income:
Following the rise in GGR, the firm also experienced growth in net gaming income. According to the company, net gaming income experienced an increase by 1.4% to €98.1m in the first quarter of 2024.
Furthermore, this number was computed after deducting €75.0m in taxes paid throughout the quarter. As for turnover without net gaming income, it saw an increase by 4.0% to €21.3m. However, the firm also recorded €700,000 in loyalty program expenses.
Then there is the overall consolidated turnover, which rose by 2.0% to €118.7m in the first quarter, with the largest part coming from casino operators. When it comes to casino turnover, it grew by 1.4% at €110.4m, even though the biggest growth was achieved by the hotels business, with an increase in turnover of 19.4% to €6.2m.
Although the stated results are good, the rest of the income fell by 6.1% to €2.1m.
Speaking about it, the firm commented: “The turnover for the first quarter of 2024 records a very satisfactory increase of two per cent year-on-year and stands at € 118.7m. It includes the turnover of other activities, which has grown by four per cent, driven by the increase in hotels turnover, up 19.4 per cent.”
Attempt to grow hospitality business:
The firm also entered into a new partnership with Julien Manival, owner of the “Bonne Compagnie” group, which manages 7 facilities in the French region of Occitanie. With this alliance, the fresh venture, Must Group, will be born, which main specialization is the entertainment and hospitality sector.
The main goal of this new venture is to provide a one-of-a-kind experience to a broader audience, which combines entertainment, innovation and culinary passion in a contemporary and joyful approach, according to the official press release.
The first steps for the venture involve the purchase of a restaurant located in Paris, which should be officially opened early next year. Also, the two firms will refurbish La Plage 3.14 located on the Croisette in Cannes, which should host this fresh concept at the start of this spring.
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