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Groupe Partouche Publishes 2020 Annual Results

Niji Narayan

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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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Quik Gaming Partners with EnergyCasino

Niji Narayan

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Quik Gaming Partners with EnergyCasino
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Quik Gaming has entered into a partnership with EnergyCasino.

 As per the deal, EnergyCasino players will soon have access to Quik’s diverse portfolio of Unique Live Games, including the sophisticated SuperBlocs, the twist-on-a-classic Lotto Roulette, as well as the thrilling Wheel of Fire, a dynamic, multi-featured wheel of fortune style game, that is available in both Live and Single Player versions, and last but not least – Race for Cash, a fast-paced, innovative racing lotto-style game.

“We look forward to working with Quik Gaming. Quik’s games offers a gaming experience which we are convinced that will appeal to all type of players because of the different layers of playability and overall game experience,” Marcin Sobieraj, Casino Operational Manager at EnergyCasino, said.

“We are excited to partner up with EnergyCasino, which offers a variety of choices, whether it’s casino or live casino and with Quik’s live and single players games their portfolio is set to expand even further and we can’t wait to see our games going live with EnergyCasino with Q2 of 2021,” Timothy Bartolo Parnis, Chief Operations Officer at Quik Gaming, said.

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Industry News

WorldMatch Partners with Cristaltec

Niji Narayan

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WorldMatch Partners with Cristaltec
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WorldMatch and Cristaltec have signed a partnership deal that will give WorldMatch exclusive porting on selected Cristaltec’s AWP slots.

Proceeding with the omni-channel strategy applied to SlotBar brand, the product born from the partnership between WorldMatch and the main producers of AWP and VLT like Octavian, Nazionale Elettronica and Baldazzi, WorldMatch will port Cristaltec’s AWP games into online slots and will exclusively distribute them worldwide, strengthening both companies’ presence around the globe.

“We’re very proud of this achievement, we have always believed in the potential to combine the quality and recognizability of retail games with the online distribution channel and the results of SlotBar products are proving us right. We’re completely satisfied of our outcome as aggregators of land-based products, and seeing land-based competitors like Octavian and Cristaltec both relying on us for the conversion and online marketing of their most successful products really made us realize our potential,” Andrea Boratto, CEO of WorldMatch, said.

“We are pleased to work with WorldMatch too, this is a big step for our company’s new path to the online market. WorldMatch’s proven technology and respected experience will give us great opportunities for growing our business on the online portion of the market, internationally. We have promising plans for this partnership and there’s no doubt that the players will love this new collaboration too,” Pierangelo Berdin, CEO of Cristaltec, said.

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Snaitech Acquires Happybet

Niji Narayan

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Snaitech Acquires Happybet
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Snaitech, the Italian business arm of gambling technology supplier Playtech, has acquired Happybet, an operator with revenues of about €19m and with over 100 employees and 200 points of sale in Austria and Germany.

Snaitech CEO Fabio Schiavolin said: “The integration of Happybet, one of the first companies to receive a national sports betting licence in Germany, and which will continue to operate under its own brand, has accumulated enormous skills and achieved a solid market position.

“Now we want to capitalise on this experience. The integration of our expertise and our know-how with those of Happybet will put us in the ideal condition to seize new growth opportunities.”

Snaitech had revenues of over €520m in 2020 and a network of 2100 betting points. In a press release the company said that the German and Austrian markets recorded overall betting values of over €10bn in 2019, a figure that it believes will grow.

“In both countries the market is currently quite fragmented, with a few large players and many small operators,” Schiavolin added.

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