{"id":256,"date":"2024-06-27T03:50:52","date_gmt":"2024-06-27T00:50:52","guid":{"rendered":"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/"},"modified":"2024-06-27T03:50:52","modified_gmt":"2024-06-27T00:50:52","slug":"partouche-organization-reports-significant-earnings-decline-in-2020-21","status":"publish","type":"post","link":"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/","title":{"rendered":"Partouche Organization Reports Significant Earnings Decline in 2020-21"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Ony_tZ2fGyo\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Partouche Organization experienced a substantial reduction in earnings for the 2020-21 financial period, attributed to prolonged closures during the global health crisis.<\/p>\n<p>The organization&#8217;s overall earnings decreased by more than 25% due to the ongoing restrictions, with gambling revenue declining by a third.<\/p>\n<p>For the fiscal period ending October 31, 2021, total gambling revenue amounted to \u20ac350.2 million, a 33.4% decrease compared to the 2019-20 financial period.<\/p>\n<p>After settling \u20ac134.2 million in gaming taxes, the organization&#8217;s net gambling revenue reached \u20ac215.9 million, a 23.7% decrease compared to the 2019-20 financial period.<\/p>\n<p>The Partouche Organization&#8217;s non-gambling revenue totaled \u20ac41.1 million, down 34.4%, but \u20ac1.4 million of this was offset by loyalty programs.<\/p>\n<p>Consequently, the organization&#8217;s total consolidated revenue was \u20ac255.7 million, a 25.6% decrease from the preceding year.<\/p>\n<p>The organization noted that the Partouche casinos were closed for six and a half months during the fiscal period, more than double the amount of time they were closed in the 2019-20 financial period.<\/p>\n<p>The company stated, &#8220;The reduction in activity due to the health crisis will automatically result in a decline in annual outcomes.&#8221;<\/p>\n<p>Examining the fourth quarter alone, total gambling revenue was \u20ac148.7 million, a 4.1% decrease compared to the fourth quarter of the 2019-20 financial period. <\/p>\n<p>French slot machine earnings reached \u20ac108.6 million, a rise of 8.6% compared to the previous year, while table game earnings grew by 1.7% to \u20ac25.3 million.<\/p>\n<p>The average amount customers spent climbed from \u20ac70 in the fourth quarter of 2019-20 to \u20ac83 in the fourth quarter of 2020-21.<\/p>\n<p>Partouche paid \u20ac75.5 million in taxes, a decrease of 3.2% compared to the previous year, with net gaming earnings of \u20ac73.1 million, down 5.0% compared to the previous year.<\/p>\n<p>After adding \u20ac21.2 million in non-gaming earnings, Partouche&#8217;s overall revenue reached \u20ac94.3 million, an increase of 0.5% compared to the previous year.<\/p>\n<p>Partouche had aimed to obtain a permit to construct an integrated resort in Wakayama Prefecture, Japan, as the operator for Japanese holding company Clairvest Neem Ventures&#8217; proposal, which was chosen for Wakayama&#8217;s integrated resort license bid.<\/p>\n<p>However, Clairvest Neem ended its agreement with Partouche, and ultimately Caesars Entertainment replaced Partouche as the operator for the proposal.<\/p>\n<p>Sign up for the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Partouche Organization experienced a substantial reduction in earnings for the 2020-21 financial period, attributed to prolonged closures during the global health crisis. The organization&#8217;s overall earnings decreased by more than 25% due to the ongoing restrictions, with gambling revenue declining by a third. For the fiscal period ending October 31, 2021, total gambling revenue [&hellip;]<\/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 Earnings Plunge Amidst Pandemic Closures<\/title>\n<meta name=\"description\" content=\"The Partouche Organization saw a significant drop in earnings for 2020-21, with gambling revenue plummeting by over a third due to pandemic-related closures.\" 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:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/\" 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 Organization Reports Significant Earnings Decline in 2020-21\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"The Partouche Organization saw a significant drop in earnings for 2020-21, with gambling revenue plummeting by over a third due to pandemic-related closures.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Dreams Take Flight | Secure, Licensed &amp; Thrilling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T00:50:52+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:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/\",\"url\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/\",\"name\":\"Partouche Earnings Plunge Amidst Pandemic Closures\",\"isPartOf\":{\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T00:50:52+00:00\",\"dateModified\":\"2024-06-27T00:50:52+00:00\",\"author\":{\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"The Partouche Organization saw a significant drop in earnings for 2020-21, with gambling revenue plummeting by over a third due to pandemic-related closures.\",\"breadcrumb\":{\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/2024\/06\/27\/partouche-organization-reports-significant-earnings-decline-in-2020-21\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Partouche Organization Reports Significant Earnings Decline in 2020-21\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/yabbycasino225nodepositbonuscodes.icu\/\",\"name\":\"Where Casino Dreams Take Flight | Secure, Licensed &amp; Thrilling\",\"description\":\"Explore the exciting world of online gambling with our regularly updated news, honest reviews, and expert articles. 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