{"id":254,"date":"2024-06-27T03:47:17","date_gmt":"2024-06-27T00:47:17","guid":{"rendered":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/"},"modified":"2024-06-27T03:47:17","modified_gmt":"2024-06-27T00:47:17","slug":"partouche-groups-recovery-hit-by-increased-taxes-in-france","status":"publish","type":"post","link":"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/","title":{"rendered":"Partouche Group&#8217;s recovery hit by increased taxes in France"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/TCk9nzGEJ_k\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Partouche Group&#8217;s revival has been hindered by elevated taxes in France &#8211; iGB<\/p>\n<p>The Partouche Group&#8217;s third-quarter earnings surpassed pre-pandemic levels, but higher tax collection in France has impacted its comeback.<\/p>\n<p>Home > Casino &#038; Gaming > Land-Based Casinos > Partouche Group&#8217;s recovery hit by increased taxes in France<\/p>\n<p>The Partouche Group&#8217;s recovery has been affected by increased taxes in France<br \/>\nThe gaming conglomerate, which owns 41 casinos and employs nearly 3,900 individuals, stated that its total gross gaming revenue (GGR) for the three months ending July 31 increased by 10.8% year-over-year to \u20ac167.9 million. This figure is also slightly higher than the third quarter of 2019, the last year before the pandemic.<\/p>\n<p>However, due to changes in the way taxes are calculated in France, taxes increased by 75.3% to \u20ac92.8 million, meaning the group&#8217;s net gaming revenue decreased by 23.8% to \u20ac75 million.<\/p>\n<p>Total consolidated revenue was \u20ac100.9 million, down 11.6% compared to the third quarter of 2021 and slightly lower than the \u20ac104.9 million in the third quarter of 2019. The Partouche Group stated that its turnover was down \u20ac28.1 million compared to 2021 due to some business developments, including the loss of over \u20ac26 million due to the cessation of online gaming and betting operations in Belgium and the management of the Ostend casino.<\/p>\n<p>Of the total consolidated revenue, casinos accounted for \u20ac87.8 million, down from both 2021 and 2019. The hotel sector saw a significant increase to \u20ac8.3 million, compared to just \u20ac2.6 million in 2021 and \u20ac3 million in 2019.<\/p>\n<p>In France, GGR reached \u20ac152.9 million, up 36%. <\/p>\n<p>In contrast to the prior timeframe, expansion was 2%, with slot machines and classic games expanding by 29.8% and 67.3% respectively. Electronic gaming GGR also exhibited the same growth pattern, rising by 36.1%.<\/p>\n<p>In Switzerland and Belgium, GGR increased by 35.2% compared to the same period last year. This was fueled by the expansion of online gaming in Switzerland, with its GGR reaching \u20ac2.9 million, compared to \u20ac1.6 million in the third quarter of 2021.<\/p>\n<p>In June, Groupe Partouche reported a 490.4% year-over-year increase in earnings for the second quarter of its 2021-22 fiscal year, driven by the reopening of its casinos.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Partouche Group&#8217;s revival has been hindered by elevated taxes in France &#8211; iGB The&#8230;<\/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<\/title>\n<meta name=\"description\" content=\"French tax hikes are hindering 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:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/\" 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&#039;s recovery hit by increased taxes in France\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"French tax hikes are hindering the Partouche Group\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Secrets of Casino Mastery | Tips &amp; Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T00:47:17+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:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/\",\"url\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/\",\"name\":\"Partouche Group\",\"isPartOf\":{\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T00:47:17+00:00\",\"dateModified\":\"2024-06-27T00:47:17+00:00\",\"author\":{\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"French tax hikes are hindering the Partouche Group\",\"breadcrumb\":{\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/2024\/06\/27\/partouche-groups-recovery-hit-by-increased-taxes-in-france\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Partouche Group&#8217;s recovery hit by increased taxes in France\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/slotsgardennodepositbonuscodes.icu\/\",\"name\":\"Discover the Secrets of Casino Mastery | Tips &amp; Licensed Games\",\"description\":\"Stay informed and elevate your gambling experience with our fresh casino news, in-depth reviews, and expert articles. 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