Skip to main content

GROUPE PARTOUCHE: Turnover 1st quarter 2021 – Closure of the casinos throughout the quarter

Turnover 1st quarter 2021Closure of the casinos throughout the quarter

Paris, 10th March 2021, 06:00 pm – Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 1st quarter of 2021 (November 2020 – January 2021)Business stoppedAll French casinos were closed during this 1st quarter under general measures taken by the Government to deal with the covid-19 pandemic. Abroad, the casinos of Ostend (Belgium) and Meyrin (Switzerland) also remained closed. The casino of Crans-Montana (Switzerland) was able to welcome its customers for a short period between 14th and 26th December 2020 inclusive, on reduced hours between 10 a.m. and 10 p.m. The Djerba casino (Tunisia) remained open but forced by a curfew starting at 8 p.m.As a result, the Gross Gaming Revenue (GGR) stood at € 24.9 M, down -85.8%. It focuses only on foreign casinos and more particularly on Swiss online gaming, which started on 16th November 2020, and Belgian online gaming and betting. Their overall GGR more than doubled to € 24.3 M, an increase of + 132.3%.After levies, Net Gaming Revenue (NGR) decreased by -78.4% to € 22.3 M.Overall, the turnover of 1st quarter amounted to € 23.5 M, down -81.4%.The non-gaming activity generated a turnover of € 1.2 M (-95.0%) thanks in particular to the opening of a few hotels housed in the Group’s casinos and the Aquabella hotel in Aix-en-Provence.Subpoena against its former insurance companyGroupe Partouche has sued its former insurance company, which is contesting its claim for operating losses compensation following the ban on its establishments from hosting its clientele.State guaranteed loanAfter a first State Guaranteed Loan (PGE) of € 19.5 M granted by the Group’ partner banks in June 2020, these same banks have given their approval for a second PGE for an amount of € 59.5 M.Groupe Partouche appreciates the confidence it has received, based in particular on its ability to see its activities resume under satisfactory conditions as soon as its establishments reopen.Upcoming events:General Meeting: Wednesday 14th April 2021Turnover 2nd quarter: Wednesday 9th June 2021, after stock market closureGroupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 42 casinos and employs nearly 4,100 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment . ISIN : FR0012612646 – Reuters : PARP.PA – Bloomberg : PARP:FP  Reuters : PARP.PA – Bloomberg : PARP:FP
ANNEX1- Construction of the consolidated turnover – 1st quarter 20212- Breakdown of turnover by activity – 1st quarter 20213- GlossaryThe “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. State tax, the city halls tax, CSG, CRDS). The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.AttachmentTurnover – Q1 2021

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.