Impact of the pandemic on annual turnover (- 20.8 %)
A resilient 4th quarter (- 12.0 %)
Limited decline in activity during the 4th quarter, despite the phased closure of the casinos in October.
The Covid-19 pandemic led to a mandatory closure of all French casinos throughout the month of
To date, the French casinos are expected to resume operations on 15th December, subject to the evolution in the national health situation.
Gross Gaming Revenue (GGR) for the 4th quarter 2020 reached € 155.0 M (- 13.3 %).
In
Abroad, the GGR sharply increased, up by + 6.1% to € 30.2 M, driven by the traditional games activity (+ 49.1%) and more particularly by the remarkable performance of online games and sports betting in
Net Gaming Revenue (NGR) after levies decreased by - 5.3 % at € 77.0 M.
Globally, 4th quarter turnover amounted to € 93.9 M, down by - 12.0 %
Annual turnover decreased by -20.8% at € 343.5 M.
Over the 2020 financial year, GGR amounted to € 525.7 M down by - 21.8%. Thus, NGR after levies amounted to € 282.9 M, down by - 16.3%.
Overall,
The decline in activity inherent in the pandemic will automatically lead to a decline in the operating profitability over the period.
Following the press release published on 14th August,
Upcoming events:
Income fiscal year at 31st
ANNEX
1- Consolidated turnover
In €M | 2020 | 2019 | Variation |
1st quarter | 126.7 | 116.6 | +8.6% |
2nd quarter | 56.9 | 105.3 | -46.0% |
3rd quarter | 66.0 | 104.9 | -37.1% |
4th quarter | 93.9 | 106.7 | -12.0% |
Total consolidated turnover | 343.5 | 433.5 | -20.8% |
2- Construction of consolidated turnover
2.1 – 4th quarter
In €M | 2020 | 2019 | Variation |
Gross Gaming Revenue (GGR) | 155.0 | 178.7 | -13.3% |
Levies | 78.0 | 97.4 | -19.9% |
Net Gaming Revenue (NGR) | 77.0 | 81.2 | -5.3% |
Turnover excluding NGR | 17.5 | 26.4 | -33.5% |
Fidelity Programme | -0.6 | -0.9 | -36.9% |
Total consolidated turnover | 93.9 | 106.7 | -12.0% |
2.2 – Aggregate 12 months
In €M | 2020 | 2019 | Variation |
Gross Gaming Revenue (GGR) | 525.7 | 672.7 | -21.8% |
Levies | -242.8 | -334.6 | -27.4% |
Net Gaming Revenue (NGR) | 282.9 | 338.1 | -16.3% |
Turnover excluding NGR | 62.7 | 98.8 | -36.5% |
Fidelity Programme | -2.2 | -3.4 | -35.2% |
Total consolidated turnover | 343.5 | 433.5 | -20.8% |
3- Breakdown of turnover by activity
3.1 – 4th quarter
In €M | 2020 | 2019 | Variation |
Casinos | 82.4 | 95.6 | -13.8% |
Hotels | 2.0 | 2.7 | -26.4% |
Other | 9.5 | 8.4 | +13.7% |
Total consolidated turnover | 93.9 | 106.7 | -12.0% |
3.2 – Aggregate 12 months
In €M | 2020 | 2019 | Variation |
Casinos | 309.3 | 394.1 | -21.5% |
Hotels | 4.6 | 8.5 | -45.6% |
Other | 29.5 | 30.8 | -4.3% |
Total consolidated turnover | 343.5 | 433.5 | -20.8% |
4- Glossary
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. tax to the State, the city halls, CSG, CRDS). The «Gross Gaming Revenue» after deduction of the levies, becomes the "Net Gaming Revenue ", a component of the turnover.
Attachment
- Turnover - Q4 2020
© OMX, source