€240.4M Revenue. +26% Online Growth. 4x Growth in Cotonou. Under Valérie Fort, Groupe Partouche Is Proving Diversification Wins
Strip out the acquisitions and the picture changes. That is the detail worth sitting with in Groupe Partouche’s latest numbers.
The French casino operator reported consolidated revenue of €240.4 million for the first half of its 2026 financial year, covering November 2025 to April 2026, up 3.0% from €233.3 million a year earlier. Net gaming revenue rose 2.5% to €190.0 million. Second quarter revenue came in at €109.5 million, up 2.5%, following 3.5% growth in the opening quarter. Steady, then. But the composition of that growth tells a more interesting story than the headline rate.
Table Games Drive French Casino Revenue as Slots Retreat
Gross gaming revenue for the second quarter rose 1.9% to €182.1 million. In France, GGR edged up 1.6% to €163.1 million, and the split underneath is striking. Slot machine GGR fell 1.7% to €125.8 million, a decline Partouche attributed to the end of its Berck casino operation on 1 January 2026. Table games went the other way entirely, jumping 14.8% to €37.3 million.
The venues doing the heavy lifting were Annemasse, Divonne, Saint-Amand-les-Eaux and La Tour-de-Salvagny. Cannes also delivered, both through the Casino 50 Croisette acquired in February 2025 and the Royal Palm, which is now showing the full benefit of its restructuring. For an industry built on slot economics, double digit table growth against a slot decline is not a rounding error. It is a shift in where French land-based gaming revenue is coming from.
Online Gaming Growth Lifts International Performance
International GGR rose 4.5% to €18.9 million in the quarter. Online gaming was the standout, up 26.0% to €7.1 million, which mattered because the Casino du Lac de Meyrin in Switzerland is currently weighed down by major renovation works. The casino in Cotonou, Benin, open since January 2025, multiplied its GGR by 4.4 compared with the prior year.
Like-for-Like Casino GGR Tells the Real Story
Here is the caveat that separates this from a press release summary. On a constant perimeter basis, excluding the Cannes 50 Croisette acquisition and the Cotonou opening, group GGR grew just 1.0% to €178.2 million. Underlying momentum exists, but it is modest. Acquisitions and new openings are doing a meaningful share of the work, and operators reading these numbers should weigh reported growth against organic growth before drawing conclusions about French market demand. Net gaming revenue after levies rose 1.7% to €84.5 million for the quarter.
Paris Gaming Club Anchors the Premium Strategy
The Club opened on 12 May at 10 avenue de la Grande Armée, close to the Champs-Élysées and the Arc de Triomphe, and is now the largest gaming establishment in the French capital. It spans several floors, covers all the major table games, and should add roulette before the end of the year. Through its partnership with live circuit operator Texapoker, the venue is targeting a central position in European poker, with daily tournaments and major international events planned. The building will also house the group’s headquarters from July.
Partouche publishes its first half earnings on 30 June 2026. That release will show whether a table games led, acquisition supported model converts into profit growth, and that is the number the market is actually waiting for.
Source: Groupe Partouche
