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FR0000053548

GROUPE PARTOUCHE: Turnover 3rd Quarter 2021: € 114.2 M, +73.1 % vs 2020 and +8.9 % vs 2019 – Rebound in activity with the gradual reopening of the sites – Turnover 9 months decrease by 35.3 % at € 161.4 M following a 6 month closure

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Turnover 3rd Quarter 2021 (MayJuly):
€ 114.2 M, +73.1 % vs 2020 and +8.9 % vs 20191
Rebound in activity with the gradual reopening of the sites
Turnover 9 months decrease by 35.3 % at € 161.4 M following a 6 month closure

Paris, 15th September 2021, 06:00 pm – Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 3rd quarter of 2021 (May – July 2021)

Good quality 3rd quarter activity

The Group’s activities gradually resumed during the third quarter, after the cessation of most of them throughout the first half of the year due to the Covid 19 pandemic:

  • French casinos:
    • as of 19th May: only slot machines and electronic forms of table games were accessible. A gauge equal to 35% of the ERP capacity (Establishments Receiving the Public) of each establishment had to be respected. Casinos opened until 9:00 p.m. under the curfew and catering was only permitted on the terraces, in the open air;
    • from 9th June: opening of table games. The gauge rose to 50% of the ERP capacity, the casinos were open until 11:00 p.m. and the indoor dining areas reopened, with a limit of six people per table. In addition, the Health Pass (passe sanitaire) was required in the establishments where the operator planned to accommodate more than 1,000 people;
    • from 20th June: general lifting of the curfew ten days in advance, the other constraints being maintained;
    • from 30th June: the general lifting of the gauges made it possible to welcome the customers in usual conditions respecting the barrier gestures (wearing a mask, physical distancing, etc.);
    • from 21st July: the Health Pass becomes mandatory in all casinos welcoming more than 50 people, then even in the others from 9th August.
  • The Belgian casino reopened on 9th June, while the online games and sports betting continued to function. Please note that since 29th July, Groupe Partouche no longer manages the Ostend casino.
  • The Meyrin and Crans-Montana casinos in Switzerland reopened on 19th April and the operations of online games remained active.
  • While the Tunisian casino closed its doors between 9th and 16th May, it did suffer from the restrictions limiting the welcoming of tourists in the country.

As a result, in the 3rd quarter of 2021, the Gross Games Revenue (GGR) reached € 151.5 m compared to € 109.1m (+ 38.8%) a year earlier, and € 164.6 m in 2019 (- 8.0%) which benefited from normal operation.

In France, the GGR stood at € 112.3 m, up + 27.8%, with slot machines and traditional games increasing by +28.4% and + 24.9% respectively. The GGR of electronic games follows the same trend at + 23.4%.

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The growth momentum of the GGR, despite a higher number of operating days (74 days during the 3rd quarter of 2021 against 60 days in 2020) was however penalized by curfews and then by the introduction of the Health Pass as from the 21st July.

During July that was the only month in which all games were operated, attendance, which had increased by + 9.8% since 1st July, fell by -27.4% over the last 11 days of the month. This effect was however offset by the increase in the average basket (+ 21.6% from 21st July against + 5.5% since 1st July).

The same trend continued in August, with however less impact on the attendance as the Health Pass spread to other activities and vaccination progressed.

Abroad, the GGR increased by + 84.2% to € 39.2 m, driven by the very strong increase in the GGR for online games and sports betting in Belgium and online games in Switzerland (+ 101.2%).

After levies, that were stable at + 0.3% due to the progressive scale in France and to the low levy rate applying to online games and sports betting in Belgium, the Net Gaming Revenue (NGR) came to € 98.5 m (+ 74.9%).

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Overall, 3rd quarter revenue rebounded to € 114.2 m, up + 73.1% compared to the 3rd quarter of 2020 and + 8.9% compared to 2019.

Despite this very satisfactory performance, taking into account the 6 months of closure over the period November – July 2021, the aggregate turnover for 9 months, at € 161.4 m, fell by -35.3%, with a decrease of – 30.7% of the NGR at € 142.8 m.

Upcoming event:

Turnover 4th quarter 2021: Wednesday 15th December 2021, after stock market closure.

Income at 31st October 2021: Wednesday 26th January 2022, after stock market closure.

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Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 42 casinos and employs nearly 4,100 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability.

Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment . ISIN : FR0012612646 – Reuters PARP.PA – Bloomberg : PARP:FP Reuters : PARP.PA – Bloomberg : PARP:FP

ANNEX

1Consolidated turnover

In €M 2021 2020 2019 Variation 21/20
1st Quarter 23.5 126.7 116.6 -81.4%
2nd Quarter 23.6 56.9 105.3 -58.4%
3rd Quarter 114.2 66.0 104.9 73.1%
Total consolidated turnover 161.4 249.6 326.8 -35.3%

2- Construction of consolidated turnover

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2.1 – 3rd Quarter

In €M 2021 2020 2019 Variation 21/20
Gross Gaming Revenue (GGR) 151.5 109.1 164.6 38.8%
Levies -53.0 -52.8 -87.1 0.3%
Net Gaming Revenue (NGR) 98.5 56.3 77.5 74.9%
Turnover excluding NGR 16.3 10.0 28.3 63.0%
Fidelity programme -0.6 -0.4 -0.8 71.3%
Total consolidated turnover 114.2 66.0 104.9    73.1%

2.2 Aggregate 9 months

In €M 2021 2020 2019 Variation 21/20
Gross Gaming Revenue (GGR) 201.5 370.8 494.0 -45.7%
Levies -58.7 -164.8 -237.2 -64.4%
Net Gaming Revenue (NGR) 142.8 206.0 256.8 -30.7%
Turnover excluding NGR 19.2 45.2 72.5 -57.5%
Fidelity programme -0.6 -1.6 -2.5 -61.6%
Total consolidated turnover 161.4 249.6 326.8 -35.3%

3 Breakdown of turnover by activity

3.1 – 3rd Quarter

In €M 2021 2020 2019 Variation 21/20
Casinos 96.5 58.3 93.0 65.6%
Hotels 2.6 0.7 3.0 245.8%
Other 15.2 7.0 8.9 117.2%
Total consolidated turnover 114.2 66.0 104.9 73.1%

3.2 Aggregate 9 months

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In €M 2021 2020 2019 Variation 21/20
Casinos 120.9 226.9 298.5 -46.7%
Hotels 3.1 2.7 5.8 15.5%
Other 37.3 20.0 22.5 86.5%
Total consolidated turnover 161.4 249.6 326.8 -35.3%

4Glossary

The “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. The “levies” (i.e. tax to the State, the city halls, CSG, CRDS) are debited from this amount.

The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.


1 Note : variations are calculated with respect to the same reference period of the previous year, unless otherwise stated.

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FR0000053548

GROUPE PARTOUCHE: Turnover 1st quarter 2022: 98.1 €M (compared to € 23.5 M in 2021) – Reopening of all casinos, sharp increase in the average basket, attendance still impacted by health measures

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Turnover 1st quarter 2022: 98.1 €M (compared to € 23.5 M in 2021)
Reopening of all casinos, sharp increase in the average basket,
attendance still impacted by health measures
Improved cash flow and early repayment of the state-guaranteed loan (PGE)

Paris, 8th March 2022, 06:00 pm – Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 1st quarter of 2022 (November 2021 – January 2022)

As a preamble, let us recall that during the 1st quarter of the previous financial year “2021” (November 2020 to January 2021), all French casinos were closed under the general measures taken by the Government to deal with the coronavirus pandemic Covid-19. Abroad, the casinos of Ostend (Belgium) and Meyrin (Switzerland) also remained closed. The Crans-Montana casino (Switzerland) was able to welcome its customers for a short period of only 13 days with reduced hours. The Djerba casino (Tunisia) remained open but constrained by a curfew. Only Swiss online games, deployed on 16th November 2020, and online games and betting in Belgium were in operation.

In the 1st quarter of the current financial year (November 2021 to January 2022), the Group’s casinos are all open again, but continue to suffer from the health constraints in place that weigh on their attendance:

  • In France: “sanitary pass”, paid antigenic and PCR tests together with the introduction of the “vaccination pass” as from 24th January 2022.

However, if attendance is sharply down (-33.0%) compared to the 1st quarter 2020 (November 2019 to January 2020) which was the last pre-pandemic operating period, the average basket increased by +30.3 % to € 94 over the same period.

  • In Switzerland: introduction of the “vaccination pass” on 20th December 2021, then lifted on 17th February2022.

In addition, the 1st quarter 2022 takes into account an effect in the scope of consolidation linked to the cessation of the operation of online games and bets in Belgium together with the cessation of the Ostend casino management since 29th July 2021 (in the 1st quarter of 2021, the casino being closed, the GGR of online games and sports betting amounted to € 23.7 M and € 13.6 M in the 1st quarter of 2020. This includes € 10.4 M for online games and sports betting).

Turnover 1st quarter 2022: € 98.1 M (compared to € 23.5 M in 2021)

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Taking into account the above-mentioned elements, the Gross Gaming Revenue (GGR) amounted to € 141.8 M over the 1st quarter 2022 compared to € 24.9 M in 2021. We note in particular the strong growth of Swiss online games, the GGR of which stands at € 3.2 M compared to € 0.6 M during the 1st quarter 2021. The Net Gaming Revenue, after levies, strongly increased to € 82.5 M (compared to € 22.3 M in N-1).

Overall, turnover for the 1st quarter of 2022 amounted to € 98.1 M, compared to € 23.5 M for 2021 (x4.2) and € 126.7 M for 2020, down -22.6 % (on a like-for-like basis, turnover is € 115.2 M, down -14.8%).

Early repayment of the State Guaranteed Loan (PGE) thanks to the improvement in cash flow linked to the strong recovery in the activity

While Groupe Partouche had decided to amortize the first State Guaranteed Loan (PGE) of € 19.5 M granted in June 2020 over the maximum period of 6 years, the very favourable evolution of its cash position will allow it to repay its entire second PGE, of € 59.5 M, on maturity date i.e. 15th April 2022.

With the agreement of the banks forming the syndicated loan pool, the net proceeds from the sale of the group’s shares of the Crans-Montana casino, which could have been used to proportionally amortize this loan, will be reinvested as it is also provided for in the credit documentation.

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Removal from the scope of consolidation of the restaurant Le Laurent as of 7th March 2022

The City of Paris awarded the concession for the Le Laurent restaurant to another operator, the offer submitted by Groupe Partouche, which aimed to integrate its gaming club within the establishment, having been considered irregular by the City. Groupe Partouche reserves the right to contest this decision. As a reminder, the annual contribution to turnover and EBITDA for the 2019 pre-pandemic financial year (November 2018 to October 2019) amounted to € 5.2 M and -€ 1.1 M respectively.

Upcoming event:

General Meeting: Thursday 7th April 2022

Turnover 2nd quarter: Tuesday 14th June 2022, after stock market closure

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Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment. ISIN: FR0012612646 – Reuters: PARP.PA – Bloomberg: PARP:FP   Reuters: PARP.PA – Bloomberg: PARP:FP

ANNEX

1Construction of consolidated turnover 1st quarter (November N-1 to January N)

In €M 2022 2021 Variation 2022/2021 2020
Gross Gaming Revenue (GGR) 141.8 24.9 x5.7 174.8
Levies -59.3 -2.6 n/a -71.8
Net Gaming Revenue (NGR) 82.5 22.3 x3.7 103.0
Turnover excluding NGR 16.6 1.2 x13.3 24.6
Fidelity Programme -0.9 0.0 -0.9
Total consolidated turnover 98.1 23.5 x4.2 126.7

2 Breakdown of turnover by activity (November N-1 to January N)

In €M 2022 2021 Variation 2022/2021 2020
Casinos 91.9 12.0 x7.6 117.5
Hotels 3.9 0.2 x19.0 1.4
Other 2.3 11.3 -79.5% 7.9
Total consolidated turnover 98.1 23.5 x4.2 126.7

3- Glossary

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The “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. State tax, the city halls tax, CSG, CRDS). The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.

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FR0000053548

GROUPE PARTOUCHE: Turnover 1st quarter 2022: 98.1 €M (compared to € 23.5 M in 2021) – Reopening of all casinos, sharp increase in the average basket, attendance still impacted by health measures

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Turnover 1st quarter 2022: 98.1 €M (compared to € 23.5 M in 2021)
Reopening of all casinos, sharp increase in the average basket,
attendance still impacted by health measures
Improved cash flow and early repayment of the state-guaranteed loan (PGE)

Paris, 8th March 2022, 06:00 pm – Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 1st quarter of 2022 (November 2021 – January 2022)

As a preamble, let us recall that during the 1st quarter of the previous financial year “2021” (November 2020 to January 2021), all French casinos were closed under the general measures taken by the Government to deal with the coronavirus pandemic Covid-19. Abroad, the casinos of Ostend (Belgium) and Meyrin (Switzerland) also remained closed. The Crans-Montana casino (Switzerland) was able to welcome its customers for a short period of only 13 days with reduced hours. The Djerba casino (Tunisia) remained open but constrained by a curfew. Only Swiss online games, deployed on 16th November 2020, and online games and betting in Belgium were in operation.

In the 1st quarter of the current financial year (November 2021 to January 2022), the Group’s casinos are all open again, but continue to suffer from the health constraints in place that weigh on their attendance:

  • In France: “sanitary pass”, paid antigenic and PCR tests together with the introduction of the “vaccination pass” as from 24th January 2022.

However, if attendance is sharply down (-33.0%) compared to the 1st quarter 2020 (November 2019 to January 2020) which was the last pre-pandemic operating period, the average basket increased by +30.3 % to € 94 over the same period.

  • In Switzerland: introduction of the “vaccination pass” on 20th December 2021, then lifted on 17th February2022.

In addition, the 1st quarter 2022 takes into account an effect in the scope of consolidation linked to the cessation of the operation of online games and bets in Belgium together with the cessation of the Ostend casino management since 29th July 2021 (in the 1st quarter of 2021, the casino being closed, the GGR of online games and sports betting amounted to € 23.7 M and € 13.6 M in the 1st quarter of 2020. This includes € 10.4 M for online games and sports betting).

Turnover 1st quarter 2022: € 98.1 M (compared to € 23.5 M in 2021)

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Taking into account the above-mentioned elements, the Gross Gaming Revenue (GGR) amounted to € 141.8 M over the 1st quarter 2022 compared to € 24.9 M in 2021. We note in particular the strong growth of Swiss online games, the GGR of which stands at € 3.2 M compared to € 0.6 M during the 1st quarter 2021. The Net Gaming Revenue, after levies, strongly increased to € 82.5 M (compared to € 22.3 M in N-1).

Overall, turnover for the 1st quarter of 2022 amounted to € 98.1 M, compared to € 23.5 M for 2021 (x4.2) and € 126.7 M for 2020, down -22.6 % (on a like-for-like basis, turnover is € 115.2 M, down -14.8%).

Early repayment of the State Guaranteed Loan (PGE) thanks to the improvement in cash flow linked to the strong recovery in the activity

While Groupe Partouche had decided to amortize the first State Guaranteed Loan (PGE) of € 19.5 M granted in June 2020 over the maximum period of 6 years, the very favourable evolution of its cash position will allow it to repay its entire second PGE, of € 59.5 M, on maturity date i.e. 15th April 2022.

With the agreement of the banks forming the syndicated loan pool, the net proceeds from the sale of the group’s shares of the Crans-Montana casino, which could have been used to proportionally amortize this loan, will be reinvested as it is also provided for in the credit documentation.

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Removal from the scope of consolidation of the restaurant Le Laurent as of 7th March 2022

The City of Paris awarded the concession for the Le Laurent restaurant to another operator, the offer submitted by Groupe Partouche, which aimed to integrate its gaming club within the establishment, having been considered irregular by the City. Groupe Partouche reserves the right to contest this decision. As a reminder, the annual contribution to turnover and EBITDA for the 2019 pre-pandemic financial year (November 2018 to October 2019) amounted to € 5.2 M and -€ 1.1 M respectively.

Upcoming event:

General Meeting: Thursday 7th April 2022

Turnover 2nd quarter: Tuesday 14th June 2022, after stock market closure

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Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment. ISIN: FR0012612646 – Reuters: PARP.PA – Bloomberg: PARP:FP   Reuters: PARP.PA – Bloomberg: PARP:FP

ANNEX

1Construction of consolidated turnover 1st quarter (November N-1 to January N)

In €M 2022 2021 Variation 2022/2021 2020
Gross Gaming Revenue (GGR) 141.8 24.9 x5.7 174.8
Levies -59.3 -2.6 n/a -71.8
Net Gaming Revenue (NGR) 82.5 22.3 x3.7 103.0
Turnover excluding NGR 16.6 1.2 x13.3 24.6
Fidelity Programme -0.9 0.0 -0.9
Total consolidated turnover 98.1 23.5 x4.2 126.7

2 Breakdown of turnover by activity (November N-1 to January N)

In €M 2022 2021 Variation 2022/2021 2020
Casinos 91.9 12.0 x7.6 117.5
Hotels 3.9 0.2 x19.0 1.4
Other 2.3 11.3 -79.5% 7.9
Total consolidated turnover 98.1 23.5 x4.2 126.7

3- Glossary

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The “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. State tax, the city halls tax, CSG, CRDS). The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.

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FR0000053548

GROUPE PARTOUCHE: Turnover 1st quarter 2022: 98.1 €M (compared to € 23.5 M in 2021) – Reopening of all casinos, sharp increase in the average basket, attendance still impacted by health measures

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Turnover 1st quarter 2022: 98.1 €M (compared to € 23.5 M in 2021)
Reopening of all casinos, sharp increase in the average basket,
attendance still impacted by health measures
Improved cash flow and early repayment of the state-guaranteed loan (PGE)

Paris, 8th March 2022, 06:00 pm – Groupe Partouche, one of the European gaming leaders, published today its consolidated turnover for the 1st quarter of 2022 (November 2021 – January 2022)

As a preamble, let us recall that during the 1st quarter of the previous financial year “2021” (November 2020 to January 2021), all French casinos were closed under the general measures taken by the Government to deal with the coronavirus pandemic Covid-19. Abroad, the casinos of Ostend (Belgium) and Meyrin (Switzerland) also remained closed. The Crans-Montana casino (Switzerland) was able to welcome its customers for a short period of only 13 days with reduced hours. The Djerba casino (Tunisia) remained open but constrained by a curfew. Only Swiss online games, deployed on 16th November 2020, and online games and betting in Belgium were in operation.

In the 1st quarter of the current financial year (November 2021 to January 2022), the Group’s casinos are all open again, but continue to suffer from the health constraints in place that weigh on their attendance:

  • In France: “sanitary pass”, paid antigenic and PCR tests together with the introduction of the “vaccination pass” as from 24th January 2022.

However, if attendance is sharply down (-33.0%) compared to the 1st quarter 2020 (November 2019 to January 2020) which was the last pre-pandemic operating period, the average basket increased by +30.3 % to € 94 over the same period.

  • In Switzerland: introduction of the “vaccination pass” on 20th December 2021, then lifted on 17th February2022.

In addition, the 1st quarter 2022 takes into account an effect in the scope of consolidation linked to the cessation of the operation of online games and bets in Belgium together with the cessation of the Ostend casino management since 29th July 2021 (in the 1st quarter of 2021, the casino being closed, the GGR of online games and sports betting amounted to € 23.7 M and € 13.6 M in the 1st quarter of 2020. This includes € 10.4 M for online games and sports betting).

Turnover 1st quarter 2022: € 98.1 M (compared to € 23.5 M in 2021)

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Taking into account the above-mentioned elements, the Gross Gaming Revenue (GGR) amounted to € 141.8 M over the 1st quarter 2022 compared to € 24.9 M in 2021. We note in particular the strong growth of Swiss online games, the GGR of which stands at € 3.2 M compared to € 0.6 M during the 1st quarter 2021. The Net Gaming Revenue, after levies, strongly increased to € 82.5 M (compared to € 22.3 M in N-1).

Overall, turnover for the 1st quarter of 2022 amounted to € 98.1 M, compared to € 23.5 M for 2021 (x4.2) and € 126.7 M for 2020, down -22.6 % (on a like-for-like basis, turnover is € 115.2 M, down -14.8%).

Early repayment of the State Guaranteed Loan (PGE) thanks to the improvement in cash flow linked to the strong recovery in the activity

While Groupe Partouche had decided to amortize the first State Guaranteed Loan (PGE) of € 19.5 M granted in June 2020 over the maximum period of 6 years, the very favourable evolution of its cash position will allow it to repay its entire second PGE, of € 59.5 M, on maturity date i.e. 15th April 2022.

With the agreement of the banks forming the syndicated loan pool, the net proceeds from the sale of the group’s shares of the Crans-Montana casino, which could have been used to proportionally amortize this loan, will be reinvested as it is also provided for in the credit documentation.

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Removal from the scope of consolidation of the restaurant Le Laurent as of 7th March 2022

The City of Paris awarded the concession for the Le Laurent restaurant to another operator, the offer submitted by Groupe Partouche, which aimed to integrate its gaming club within the establishment, having been considered irregular by the City. Groupe Partouche reserves the right to contest this decision. As a reminder, the annual contribution to turnover and EBITDA for the 2019 pre-pandemic financial year (November 2018 to October 2019) amounted to € 5.2 M and -€ 1.1 M respectively.

Upcoming event:

General Meeting: Thursday 7th April 2022

Turnover 2nd quarter: Tuesday 14th June 2022, after stock market closure

Advertisement

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment. ISIN: FR0012612646 – Reuters: PARP.PA – Bloomberg: PARP:FP   Reuters: PARP.PA – Bloomberg: PARP:FP

ANNEX

1Construction of consolidated turnover 1st quarter (November N-1 to January N)

In €M 2022 2021 Variation 2022/2021 2020
Gross Gaming Revenue (GGR) 141.8 24.9 x5.7 174.8
Levies -59.3 -2.6 n/a -71.8
Net Gaming Revenue (NGR) 82.5 22.3 x3.7 103.0
Turnover excluding NGR 16.6 1.2 x13.3 24.6
Fidelity Programme -0.9 0.0 -0.9
Total consolidated turnover 98.1 23.5 x4.2 126.7

2 Breakdown of turnover by activity (November N-1 to January N)

In €M 2022 2021 Variation 2022/2021 2020
Casinos 91.9 12.0 x7.6 117.5
Hotels 3.9 0.2 x19.0 1.4
Other 2.3 11.3 -79.5% 7.9
Total consolidated turnover 98.1 23.5 x4.2 126.7

3- Glossary

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The “Gross Gaming Revenue” corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the “levies” (i.e. State tax, the city halls tax, CSG, CRDS). The «Gross Gaming Revenue» after deduction of the levies, becomes the “Net Gaming Revenue “, a component of the turnover.

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