In the first half of 2023, Groupe Partouche and La Française des Jeux (FDJ) showcased impressive financial results. Groupe Partouche experienced significant growth in consolidated turnover, gross gaming revenue, and net gaming revenue. The company’s hotels and casinos both contributed to its success. On the other hand, FDJ’s revenue surged, driven by its extensive network of points of sale and robust digital business. Additionally, FDJ’s monopoly position was solidified with the approval of the French Council of State. This article provides an overview of the financial performance of both companies in H1 2023.
Groupe Partouche’s H1 2023 Report:
Groupe Partouche, a prominent player in the casino industry, demonstrated strong financial performance in the first half of 2023. The company’s consolidated turnover increased by 15% compared to the previous year, reaching €215.6m ($233m). The gross gaming revenue also saw a notable 18% rise, amounting to €341m, with a corresponding net gaming revenue of €176m, representing a 12% increase.
During this period, Groupe Partouche’s hotels experienced exceptional growth, with a revenue surge of 20% to €10.9m. However, the highest revenue was generated by the company’s 41 casinos, which recorded a 15% growth and amassed €199.9m.
The company acknowledged that its casino attendance was affected by the vaccination pass, which remained in effect until mid-March 2022 in France and mid-February 2022 in Switzerland.
FDJ’s Q1 2023 Financial Report:
FDJ, the French monopoly gaming operator, exhibited a positive financial performance in the first quarter of 2023. The company’s revenue reached €662m, reflecting a 7.9% increase compared to Q1 2022’s revenue of €613m.
Stéphane Pallez, Chairwoman and CEO of the FDJ Group, expressed satisfaction with the company’s financial and extra-financial performance. The revenue growth was driven by the expansive network of 30,000 points of sale and the continued success of FDJ’s digital business.
FDJ’s sustainability rating by Moody’s ESG Solutions remained excellent, positioning the company as the industry leader for the fifth consecutive year. Furthermore, the French Council of State validated the privatization procedure, reinforcing FDJ’s monopoly status in accordance with European law.
Both Groupe Partouche and FDJ demonstrated remarkable financial performance in H1 2023. Groupe Partouche’s consolidated turnover, gross gaming revenue, and net gaming revenue experienced significant growth, fueled by the success of its hotels and casinos. FDJ’s revenue surged, driven by its vast network of points of sale and a thriving digital business. The company’s sustainability rating and the validation of its monopoly position further solidify its industry-leading status. These positive financial results highlight the resilience and adaptability of the gaming and casino industry in the face of challenges.