Groupe Partouche Suffers From Covid Shutdowns

This story was published more than 2 years ago.

Betting firm Groupe Partouche has announced their full-year financial results, sharing that revenues were down 33.4% from 2019-2020.

Key financial indicators for the year ending October 31st, 2021 were:

  • Gross gaming revenues of €350.2 million, down 33.4% from the year prior
  • Levies paid of €134.2 million, down 44.7% from last year
  • Net gaming revenues of €215.9 million, down 23.7%
  • Total consolidated revenues were €255.7 million, down 25.6%

The company said that continued Covid-19 closures throughout the European continent in markets like Switzerland, France, and others have negatively impacted its bottom line. Things may be getting a bit brighter though, as it appears that revenues in the fourth quarter may see slightly lower dips in revenues.

Groupe Partouche is still working to expand operations and had previously investigated Japan's Wakayama prefecture for a location, but was dropped by group Clairvest Neem, who took on Caesars in an effort to secure a license.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.