{"id":280,"date":"2024-06-28T13:26:16","date_gmt":"2024-06-28T10:26:16","guid":{"rendered":"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/"},"modified":"2024-06-28T13:26:16","modified_gmt":"2024-06-28T10:26:16","slug":"partouche-group-sees-earnings-surge-in-third-quarter","status":"publish","type":"post","link":"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/","title":{"rendered":"Partouche Group Sees Earnings Surge in Third Quarter"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/0z2lQQ1sEhI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Partouche Group experienced a resurgence in earnings during the third quarter, achieving \u20ac151.3 million &#8211; iGB<\/p>\n<p>The Partouche Group&#8217;s total gaming earnings expanded by 38.8% annually in the third quarter ending July 31, with net income increasing significantly as gaming tax rates remained constant.<\/p>\n<p>The Partouche Group&#8217;s revenue bounced back to \u20ac151.3 million in the third quarter.<br \/>\nEarnings for the three months ending July 31 were \u20ac151.5 million (\u00a3129.0 million\/$178.3 million). While this figure was considerably higher than the third quarter of 2020, which was affected by the COVID-19 pandemic, it was down 8.0% compared to the third quarter of 2019.<\/p>\n<p>Operations in France contributed the majority of revenue, reaching \u20ac112.3 million, an increase of 27.8%. While Partouche did not reveal revenue breakdowns for different game types, it did state that slot machine revenue in France increased by 28.4%, table game revenue increased by 24.9%, and electronic gaming revenue increased by 23.4%.<\/p>\n<p>During the quarter, France eased some operating restrictions. At the start of the quarter, casinos were unable to operate, but from May 19, casinos were open at 35% capacity until a 9 pm curfew, with only slot machines and electronic table games permitted.<\/p>\n<p>Table games were allowed from June 9, the curfew was pushed back to 11 pm, and then lifted on June 20. From July 21, entry to casinos required a &#8220;health pass&#8221; demonstrating vaccination.<\/p>\n<p>Total gaming earnings outside of France grew by 84.2% to \u20ac39 million. <\/p>\n<p>Swiss online betting earnings saw a dramatic rise, doubling due to a collaboration with live dealer expert Evolution, propelling revenue growth for the Partouche Group. Belgian gambling houses reopened on June 9th, while Swiss gambling establishments remained open throughout.<\/p>\n<p>Tunisian gambling dens were only shuttered for a month, but the nation&#8217;s tourism sector was severely impacted by travel limitations.<\/p>\n<p>Net betting income, after deducting gaming taxes and levies, grew even faster, increasing by 74.9% to \u20ac98.5 million. This considerable boost was due to the lower gaming tax system in France and the lower online betting tax rate in Belgium, leading to stable tax payments of \u20ac53 million.<\/p>\n<p>The operator also generated \u20ac16.3 million in non-gambling income but paid \u20ac600,000 in loyalty program expenses, resulting in a final revenue of \u20ac114.2 million, an increase of 73.1%. This figure not only represented a significant increase over 2020 but also an 8.9% increase over 2019.<\/p>\n<p>Of the \u20ac114.2 million, \u20ac96.5 million came from casinos, \u20ac3.1 million from hotels, and \u20ac37.3 million from other sources.<\/p>\n<p>However, the operator did not provide specifics about its expenditures or final profits.<\/p>\n<p>In the initial nine months of Partouche&#8217;s fiscal year (commencing November 1st), the operator&#8217;s net income was \u20ac161.4 million.<\/p>\n<p>Partouche had applied for a permit to construct an integrated resort in Nagasaki Prefecture, Japan. However, it failed to be shortlisted among the top three finalists. <\/p>\n<p>In the end, Austria International Casinos came out on top, but only after their rival, Oshidori International Holdings, pulled out due to &#8220;concerns about numerous ethical violations during the bidding procedure.&#8221;<\/p>\n<p>Sign up for the iGaming News newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Partouche Group experienced a resurgence in earnings during the third quarter, achieving \u20ac151.3 million&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Partouche Group Sees Strong Q3 Earnings Surge<\/title>\n<meta name=\"description\" content=\"The Partouche Group\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Partouche Group Sees Earnings Surge in Third Quarter\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"The Partouche Group\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Latest Casino Trends &amp; News | Licensed Platform\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T10:26:16+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/\",\"url\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/\",\"name\":\"Partouche Group Sees Strong Q3 Earnings Surge\",\"isPartOf\":{\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-28T10:26:16+00:00\",\"dateModified\":\"2024-06-28T10:26:16+00:00\",\"author\":{\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"The Partouche Group\",\"breadcrumb\":{\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/2024\/06\/28\/partouche-group-sees-earnings-surge-in-third-quarter\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Partouche Group Sees Earnings Surge in Third Quarter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/spindimensioncasinonodepositbonuscodes.icu\/\",\"name\":\"Discover the Latest Casino Trends &amp; News | Licensed Platform\",\"description\":\"Discover the dynamic world of online gambling through our fresh casino news, honest game reviews, and informative insights. 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