Turnover 1st quarter 2021
Closure of the casinos throughout the quarter
Business stopped
All French casinos were closed during this 1st quarter under general measures taken by the Government to deal with the covid-19 pandemic. Abroad, the casinos of Ostend (
As a result, the Gross Gaming Revenue (GGR) stood at € 24.9 M, down -85.8%. It focuses only on foreign casinos and more particularly on Swiss online gaming, which started on 16th
After levies, Net Gaming Revenue (NGR) decreased by -78.4% to € 22.3 M.
Overall, the turnover of 1st quarter amounted to € 23.5 M, down -81.4%.
The non-gaming activity generated a turnover of € 1.2 M (-95.0%) thanks in particular to the opening of a few hotels housed in the Group's casinos and the Aquabella hotel in
Subpoena against its former insurance company
State guaranteed loan
After a first State Guaranteed Loan (PGE) of € 19.5 M granted by the Group' partner banks in
Upcoming events:
General Meeting: Wednesday 14th
Turnover 2nd quarter: Wednesday 9th
ANNEX
1- Construction of the consolidated turnover – 1st quarter 2021
In €M | 2021 | 2020 | Variation |
Gross gaming revenue (GGR) | 24.9 | 174.8 | -85.8% |
Levies | -2.6 | -71.8 | -96.4% |
Net gaming revenue (NGR) | 22.3 | 103.0 | -78.4% |
Turnover excluding NGR | 1.2 | 24.6 | -95.0% |
Fidelity programme | 0.0 | -0.9 | -100.0% |
Total consolidated turnover | 23.5 | 126.7 | -81.4% |
2- Breakdown of turnover by activity - 1st quarter 2021
In €M | 2021 | 2020 | Variation |
Casinos | 12.0 | 117.5 | -89.7% |
Hotels | 0.2 | 1.4 | -85.2% |
Other | 11.3 | 7.9 | 43.3% |
Total consolidated turnover | 23.5 | 126.7 | -81.4% |
3- 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. 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.
Attachment
- Turnover - Q1 2021
© OMX, source