French casino operator Groupe Partouche has reported an 11% rise in gross gaming revenue (GGR) for the third quarter of fiscal year 2022

French gambling casino manipulator Groupe Partouche has reported an 11% climb inwards 144 gaming revenue (GGR) for the tertiary canton of fiscal twelvemonth 2022.

During Q3, all Groupe Partouche casinos were open, and all wellness restrictions lifted, resulting inward more favourable operating conditions when compared to the prior-year period.

This is reflected inwards the company’s financial results. GGR rosaceous to €168m ($168m) for the third quarter, upwardly when compared to both 2021 and pre-pandemic levels.

Groupe Partouche’s house servant carrying out drove chisel this increase. The company’s French operations generated €153m in GGR, over 90% of its every quarter total.

However, rising levies countervail the company’s top-line growth. For Q3, these increased past 75% year-on-year, going from €53m to €93m. As a result, net gaming revenue (NGR) cut down past 24% to €75m.

The companion attributed this to “the imperfect tense descale inward France,” where it said, “the let down assess brackets applied.”

Broken down, only Groupe Partouche’s hotel section outperformed the prior-year period, generating €8.3m in turnover when compared to €2.6m.

Casinos remained the company’s largest segment, responsible for €88m, but this constitutes a 9% reduction when compared to in conclusion year’s €96.5m. Other also recorded a fall inward turnover, which drop from €15m to €5m.

However, on a nine-month basis, Groupe Partouche’s carrying out looks considerably better. GGR is up past 127% from €202m to €458m, while NGR has risen from €143m to €228m.

The company’s cassino segment, meanwhile, has experienced a 116% jump in turnover, generating €261m when compared to lastly year’s €121m.

Groupe Partouche remained optimistic, commenting: “The group’s activity continues to evolve inward a dynamic clime since the remnant of the constraints linked to the vaccination pass.”

Compared to the company’s contemporaries inwards France, such as FDJ, Groupe Partouche has recorded a similar take back to variant post-Covid.

However, unlike FDJ, Groupe Partouche relies less on iGaming, which may impact its execution sledding forward. The troupe would also appear to get been smasher in particular concentrated by levies.