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France Pari revenues up 15 percent

Tuesday January 5,2016 :  SPORTNCO BOLSTERS FRANCE PARI SUCCESS
 
FY revenues up 15 percent year-on-year.
 
Business to business activity through subsidiary Sportnco proved to be a major contributor to the full year success of France Pari, with the group announcing a 15 percent y-o-y rise in revenues to Euro 20 million in 2015.
 
Sportnco delivered white label gambling enterprises and sublicenses of its online sports betting and horse racing platforms, collecting Euro 2 million in fees and royalties during the year.
 
The group's activities as an online sports betting operator through France-pari.fr and Feelingbet.fr, saw revenue increases of 5 percent to Euro 17 million, with football the punters' favourite and accounting for half the wagers.
 
Online horse racing revenue remained in the doldrums for the French online gambling group, and was flat at Euro 1 million.
 
CEO Hervé Schlosser reported to investors:
 
“2015 provided confirmation of our strategy focused on sports betting, complemented by our B2C and B2B activities.
 
“We expect strong growth in 2016, headed by Uefa Euro 2016 in France and the Olympics in Rio, but also by the launch of a new range of sports betting offers thoughout the year.
 
“Our company will continue with international development; our B2B offer was already available in English, Spanish and Dutch, and we will add German, Portuguese and Chinese during Q1 of 2016.”

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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