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Groupe Partouche Publishes 2020 Annual Results

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5 years ago

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Groupe Partouche Publishes 2020 Annual Results
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French casino operator Groupe Partouche has publishes its 2020 annual results.

Its turnover was €343.5m, down 20.8% on the previous year and its EBITDA stood at €51.2m, a sharp fall on the €75.7m of the previous year.

The company said that the year had started with good momentum, but this was suddenly brought to a half in mid-March by the first lockdown and the ban on opening. It reopened in June with health measures but French casinos began to close again in October and remain closed at this time.

GGR was down by 21.8%, €525.7m for the financial year, principally through the impact on the French casinos where GGR was down 26.7%. Only table games showed an improvement, driven by the jump in online games and sports betting in Belgium which showed a 51.1% increase.

Net gaming revenue fell to €282.9m and the group has shown an operating loss of €8.3m down by €41.7m in comparison with 2019.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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