Strong growth in 2022 annual turnover: € 388.8 M
Sustained dynamics with the normalization of the operations
Growth of +2.0% vs 2019 at a constant scope
Very good dynamics during the 4th quarter
In the 4th quarter of 2022, Gross Gaming Revenue (GGR) rises by +20.3% to € 178.8 M, compared to € 148.7 M a year earlier. At constant scope (€ 178.0 M), it increases by +21.7% compared to the 4th quarter of 2021 and by +8.3% compared to the 4th quarter of 2019.
In
Abroad, GGR is up +11.4% compared to the 4th quarter of 2021, at € 16.5 M, with the growth of Swiss online games (+89.2%) mitigating the scope effects (see below). On a like-for-like basis, GGR abroad increases by +14.9% compared to 2019.
In total, Net Gaming Revenue after levies, increases by +5.5% to € 77.1 M in the 4th quarter 2022. Turnover for the 4th quarter 2022 amounts to € 100.7 M, up +6.7% year-on-year, after taking into account turnover from other activities.
Return to pre-crisis level of activity (+2.0% vs 2019 at a constant scope)
Since the lifting of all health restrictions relating to Covid-19 in all geographical areas, and more particularly in
Gross Gaming Revenue amounts to € 636.7 M in fiscal year 2022, up +81.8% year-on-year. The growth of the GGR is mainly explained by the resumption of the operations of all the establishments (the previous financial year having been marked by almost no operation in its first half).
The GGR also takes into account the following scope effects:
- in
Belgium , the cessation of the operation of online games and bets and the management of the Ostend casino since 29thJuly 2021 (GGR of € 72.6 M in 2021 and € 46.4 M in 2019 – note, however, particularly high charges which will also be extinguished) and the entry into theGroup of the Middelkerke casino from 1stJuly 2022 , for an opening on 8thJuly 2022 after some renovation works (GGR of € 1.0 M in 2022); - in
Switzerland , the disposal of the stake held in the Crans-Montana casino on 31stJanuary 2022 (GGR of € 5.3 M in 2021 and € 13.0 M in 2019).
Thus, Net Gaming Revenue amounts to € 305.5 M, up +41.5% vs. 2021 after taking into consideration the increase in levies taking into account the progressive scale.
Non-gaming revenue rises sharply by +109.2% to € 86.1 M, driven by restaurants and hotels due to the good momentum of the casinos. A good progression of the Aquabella hotel in
In total, annual turnover for 2022 amounts to € 388.8 M, up +52.0% compared to 2021. At constant scope, it increases by +108.2% compared to 2021 and by +2.0% compared to 2019, the last pre-Covid financial year.
Upcoming event:
Income of fiscal year at 31st
ANNEX
1- Consolidated turnover
In €M | 2022 | 2021 | Variation 2022/2021 | 2019 |
1st quarter (November N-1 to January N) | 98.1 | 23.5 | +317.0% | 116.6 |
2nd quarter (February to April) | 89.1 | 23.6 | +276.8% | 105.3 |
3rd quarter (May to July) | 100.9 | 114.2 | -11.6% | 104.9 |
4th quarter (August to October) | 100.7 | 94.3 | +6.7% | 106.7 |
Total consolidated turnover | 388.8 | 255.7 | +52.0% | 433.5 |
2- Construction of the consolidated turnover
2.1 – 4th quarter
In €M | 2022 | 2021 | Variation 2022/2021 | 2019 |
Gross Gaming Revenue (GGR) | 178.8 | 148.7 | +20.3% | 178.7 |
Levies | -101.7 | -75.5 | +34.6% | -97.4 |
Net Gaming Revenue (NGR) | 77.1 | 73.1 | +5.5% | 81.2 |
Turnover excluding NGR | 24.0 | 21.9 | +9.2% | 26.4 |
Fidelity Programme | -0.4 | -0.7 | -39.3% | -0.9 |
Total consolidated turnover | 100.7 | 94.3 | +6.7% | 106.7 |
2.2 – Aggregate 12 months
In €M | 2022 | 2021 | Variation 2022/2021 | 2019 |
Gross Gaming Revenue (GGR) | 636.7 | 350.2 | +81.8% | 672.7 |
Levies | -331.1 | -134.2 | +146.7% | -334.6 |
Net Gaming Revenue (NGR) | 305.5 | 215.9 | +41.5% | 338.1 |
Turnover excluding NGR | 86.1 | 41.1 | +109.2% | 98.8 |
Fidelity Programme | -2.8 | -1.4 | +107.3% | -3.4 |
Total consolidated turnover | 388.8 | 255.7 | +52.0% | 433.5 |
3- Breakdown of turnover by activity
3.1 – 4th quarter
In €M | 2022 | 2021 | Variation 2022/2021 | 2019 |
Casinos | 90.1 | 85.9 | +4.9% | 95.6 |
Hotels | 7.6 | 3.1 | +144.6% | 2.7 |
Other | 2.9 | 5.3 | -45.3% | 8.4 |
Total consolidated turnover | 100.7 | 94.3 | +6.7% | 106.7 |
3.2 – Cumul 12 mois
In €M | 2022 | 2021 | Variation 2022/2021 | 2019 |
Casinos | 351.4 | 206.9 | +69.8% | 394.1 |
Hotels | 24.9 | 6.2 | +301.7% | 8.5 |
Other | 12.5 | 42.6 | -70.7% | 30.8 |
Total consolidated turnover | 388.8 | 255.7 | +52.0% | 433.5 |
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 2022
© OMX, source