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Groupe Partouche has released its financial ps for H1 FY2024, covering November 2023 to April 2024.
Turnover for the period amounted to €220.6m ($235.77m), which represented a rise of 2.3% year-on-year, while gross gaming revenue (GGR) also rose 1.7% to €346.9m.
However, the group’s EBITDA did experience a decrease, falling 4% to €41.0m (18.6% of turnover) compared with the €42.7m (19.8% of turnover) reported in the same period last year.
Groupe Partouche’s overall current operational income (COI) fell during H1 2024, with hotels and land-based casinos taking a loss, with renovation works causing operating difficulties at a number of its casino establishments. Its online gaming operations in Meyrin, Switzerland and Middelkerke, Belgium both however underwent growth.
Looking at total net income, this p also dropped off during the period, by 62%, to an overall number of €7.1m.
Financial debt as of 30 April 2024 had increased by €11.8m (current and non-current shares) compared to 31 October 2023.
According to the company: “With a cash flow net of levies of €89.8m, equity of €367.3m and net debt of €81.2m (constructed in accordance with the terms of the syndicated loan contract, according to the former IAS 17 standards, excluding IFRS 16), the group’s financial structure is sound and robust, enabling it to continue its growth investment program.”
In other results-based news this week, the Louisiana Gaming Control Board has reported sports betting ps for May in the state, which included showing a 34% increase in wagers within the mobile sportsbook sector.
