Right to the Source is back and this week Robin Harrison and Ed Birkin are talking Groupe Partouche in the wake of its third quarter results, and the Georgian gambling market.
Groupe Partouche benefits from new casino launches
The third quarter results showed Groupe Partouche benefiting from a bigger casino portfolio, with a new venue in Cannes and one further afield in Benin contributing to a 5.3% year-on-year rise in revenue.
That prompts the question: Can French operators leverage shared language to expand into Francophone Africa? There is evidence of it happening with Spanish businesses in Latin America, so why not French companies in Africa?
And talk of France means talk of iCasino is never far away. Groupe Partouche, with operations in Belgium and Switzerland, could be building up its capabilities. Depending on whether there is any regulatory progress and if it can leverage its land-based database, could it carve out share in France’s future online gaming market?
Right to the Source is on Apple Podcasts
The Georgian gambling market
We’re talking the country not the state, but interestingly gambling in Georgia accounts for 3.5% of GDP. That’s the highest level of any country H2 Gambling Capital tracks, Ed points out.
And while attractions such as “Black Sea Vegas” Batumi are designed to bring in the players, online is the real story in Georgia, making up the vast majority of revenue.
Georgian gambling is also dominated by major industry players, with Crystalbet (Entain) and Adjarabet (Flutter) battling for supremacy. However it’s local operator Crocobet that’s growing rapidly.
All this and the usual diversions into the sublime and the ridiculous in the latest Right to the Source!
Right to the Source is back and this week Robin Harrison and Ed Birkin are talking Groupe Partouche in the wake of its third quarter results, and the Georgian gambling market. Groupe Partouche benefits from new casino launches The third quarter results showed Groupe Partouche benefiting from a bigger casino portfolio, with a new venue