Groupe Partouche Reports Steady Growth in Financial Year 2024

Groupe Partouche Achieves Positive Results for 2024 Financial Year

Groupe Partouche, the European leader in the gaming sector, celebrated a solid performance during the 2024 financial year, reporting a turnover of €434.3 million, which represents an increase of 2.5%. This growth is attributed to the strategic renovations and expansions of several of its major casinos, significantly enhancing customer experiences.

Significant Casino Renovations and Expansions

In the course of 2024, Groupe Partouche undertook major renovations on three of its largest casinos located in Annemasse, Divonne, and La Tour-de-Salvagny, the latter of which has been renamed to Pasino Grand. This rebranding reflects not only the physical upgrades but also a shift towards a more expansive and inviting gaming environment. The reopening of these casinos in late 2024 was marked by excitement from patrons eager to explore the newly designed spaces, which have been well-received.

New Developments in Cannes

On December 2, 2024, the Cannes casino was moved to the iconic Palm Beach location. This relocation marks a significant shift for the Royal Palm Casino, positioning it as a benchmark for luxury gaming experiences. Such strategic repositioning is indicative of Groupe Partouche's commitment to providing premier entertainment options.

Turnover and Gaming Revenue Highlights

The annual Gross Gaming Revenue (GGR) of Groupe Partouche for the 2024 financial year totaled €712.3 million, reflecting a year-on-year increase of 1.5% from €701.5 million. This performance is particularly commendable considering the extensive renovations undertaken at major facilities. Notably, the fourth quarter of 2024 saw a strong performance as GGR climbed 2.3% to €186 million over the same period the previous year.

Revenue Breakdown by Region

In France, the overall GGR increased by 0.9% to reach €636.1 million, predominantly driven by the outstanding performance of slot machines, which saw a rise of 1.5% to €504 million. Conversely, revenues from electronic table games have seen a slight dip, which has affected results at some locations like the Divonne casino during its renovation phase. Following these trends, Q4 of 2024 produced GGR of €166.9 million, benefiting from a resurgence across various gaming formats.

International Performance

Internationally, the company's GGR saw a more pronounced increase, jumping 7.3% year-over-year to €76.3 million, thanks partly to favorable exchange rates related to the Meyrin casino in Switzerland. The growth in traditional games here was particularly impressive, demonstrating a rise of 23.8%, while Swiss online gaming produced a remarkable 34.5% increase. Meanwhile, slot machine revenues faced a slight contraction.

Net Gaming Revenue and Future Outlook

After accounting for levies, Groupe Partouche's Net Gaming Revenue (NGR) reached €338.7 million over the twelve-month period, an increase of 1.7% from the previous year. This positive trajectory aligns with the company's broader strategy to cultivate its market share and improve profitability across all business lines.

Excluding gaming revenue, turnover saw a growth of 4.5%, totaling €98.5 million, primarily supported by the hotel sector, which reported an increase of 11% thanks to an uptick in visitor numbers. In contrast, other divisions experienced a decline.

Anticipated Events and Innovations

Looking ahead, Groupe Partouche will announce annual results on January 28, 2025, after the market closes, promising further insights into their growth trajectory and strategic planning moving forward. Established in 1973, Groupe Partouche has consistently been at the forefront of the European gaming industry, now operating 41 casinos with nearly 3,900 employees. With an unwavering commitment to innovation, the group aims to continue improving its services and extend its leadership position in the market.

Frequently Asked Questions

What was Groupe Partouche's turnover for the 2024 financial year?

Groupe Partouche reported a turnover of €434.3 million for the 2024 financial year, reflecting a 2.5% increase from the previous year.

How many casinos does Groupe Partouche operate?

The company operates a total of 41 casinos across Europe, providing varied gaming experiences.

What major changes occurred at their casinos in 2024?

In 2024, three major casinos were renovated, and the Cannes casino relocated to a newly designed space at Palm Beach.

What was the Gross Gaming Revenue for Groupe Partouche in 2024?

The Gross Gaming Revenue for 2024 stood at €712.3 million, marking a year-on-year increase of 1.5%.

When will Groupe Partouche announce its annual results?

Groupe Partouche is set to announce its annual results on January 28, 2025, after the market closes.

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