French casino operator Groupe Partouche has released its financial results for the three months to the end of July showing that its overall revenues had increased by 0.8% year-on-year to stand at approximately $115.8 million.
Paris-based Groupe Partouche operates over 40 casinos across France and stated that its most recent financial results had been helped by the “dynamics of the table games” along with the early-June opening of its “outdoor” Casino de La Ciotat just east of Marseilles.
Groupe Partouche declared that its gross gaming revenues for the three-month period had reached $184.5 million, which represented a rise of 0.8% year-on-year, although its hotels division saw turnover drop by almost $1.9 million when compared with the corresponding period in 2016 due to the temporary closure of the hotel inside its 3.14 Cannes property.
“Gross gaming revenues in our casinos were up by 0.8% thanks to the dynamics of the table games generally witnessed within the group and to the new outdoor casino at La Ciotat, which was inaugurated at the beginning of June,” read a statement from Groupe Partouche. “The success was such that the establishment has been able to double its quarterly gross gaming revenues and turnover within two months.”
Groupe Partouche stated that its net gaming revenues for the three-month period had grown by 1.2% year-on-year to stand at just over $86.7 million while its levies had fallen by 1.5% to $264.1 million.
“Activity in July was particularly buoyant and this continued for the month of August, which keeps us confident that the business activity growth will continue during the current year,” read the statement from Groupe Partouche. “The start of activity at the new casino 3.14 Cannes, [which was] transferred on June 30, is promising thanks mainly to the open air terraces, slots on the ground floor and table games on the rooftop. This is particularly satisfactory to clientele.”