14.03.2024

by Kajetan Sawicz

Last update: 14.03.2024 08:21

Partouche’s Slot Success Anchors Steady Q1 Performance Amidst Industry Fluctuations

In the dynamic world of casino operations, Groupe Partouche, a leading French casino operator, has shown a remarkable ability to maintain stability in a fluctuating market, particularly in the first quarter of 2024. With a Gross Gaming Revenue that slightly rose by 0.7 percent to €173.2 million from the previous year’s €171.9 million, the subtle yet positive shift signals a steady trajectory in the often volatile gaming industry.

A Closer Look at France’s Performance

Diving deeper into the heart of France, where Groupe Partouche holds a significant presence, the GGR for the first quarter of 2024 remained robust at €153.8 million. The landscape of gaming forms painted a picture of contrast, with slot machines shining brightly. These mechanical marvels saw a 1.4 percent increase, raking in €121.2 million and comprising 79 percent of Partouche’s total revenue. On the flip side, table games, both electronic and traditional, experienced a dip, declining by 5.2 percent to €32.5 million.

Beyond the French borders, Partouche’s ventures exhibited a healthy 7.3 percent growth in GGR, reaching €19.4 million. Notably, the Swiss online gaming segment emerged as a powerhouse, boasting an impressive 52.8 percent surge, even as slot machines abroad faced a 7.5 percent decrease.

In the words of Partouche, “The turnover for the first quarter of 2024 records a very satisfactory increase of two percent year-on-year and stands at €118.7 million. This encompasses the turnover from other activities, which saw a four percent uptick, propelled by a significant 19.4 percent increase in hotel turnover.”

Strategic Alliances and Future Endeavors

In a strategic move, Groupe Partouche has joined forces with Julien Manival of the esteemed “Bonne Compagnie,” which boasts seven establishments in Occitanie. This collaboration has given birth to the Must Group, a new entity poised to redefine the hospitality and entertainment landscape. The mission is clear: to merge culinary excellence, innovation, and entertainment into a modern, festive experience accessible to a broad audience.

This partnership has already set in motion exciting developments, including the acquisition of a prime restaurant spot in Paris’s 8th precinct, slated to open in early 2025. Additionally, the iconic La Plage 3.14 in Cannes is undergoing a transformation to embody this innovative concept, eagerly anticipated by spring.

Our Comment on the Article

Groupe Partouche’s performance in the first quarter of 2024 exemplifies the resilience and adaptability required in the ever-evolving gaming and entertainment industry. The strategic emphasis on slot machines, coupled with ventures into online gaming and transformative collaborations, positions Partouche well for future growth. As the industry continues to navigate the complexities of consumer preferences and regulatory landscapes, Partouche’s steady hand and innovative spirit are beacons of stability and potential. This narrative not only informs but also underscores the importance of adaptability and strategic partnerships in sustaining and scaling operations in the competitive casino sector.

Related posts