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PMU DIVERSIFICATION PAYS OFF

July 9,2012 : PMU DIVERSIFICATION PAYS OFF
 
French-based operator yields good results
 
Pari Mutuel Urbain released its Half Year 1, 2012 results announcing a 76 percent growth in sportsbetting along with a surprising 47 percent growth in online poker which it attributes to new customer acquisitions and increasing popularity of newly launched poker tournaments.
 
Online again showed its worth which the company said was strongly driven by applications developed for mobile devices and tablets delivering growth of 102 percent over the period.
 
Key Performance Indicators HY1 2012:
 
-     Overall activity saw the Group stakes up 3.9 percent yielding Euro 5.3 billion
 
-     Overall gross gaming revenue up 2.8 percent, totaling Euro 1.275 billion
 
-     Horse racing sector grew 1.7 percent and amounted to Euro 4.962 billion
 
-     Horse racing gross betting growth of 2.2 percent
 
-     International activities grew 57 percent and now represent 60 percent of its overall horse racing sector
 
-     Strong growth in online, sports betting and poker, placed PMU second in the French sportsbetting market
 
      -     Online horserace betting rose 15.6 percent to Euro 490 million
 
      -     Sportsbetting leapt 76 percent over the period totaling Euro 80.6 million.  Euro 10 million was generated by Euro 2012 alone.
 
      -     20 percent of overall sportsbetting was derived through its mobile/tablet channels.
 
      -     Online poker totaled Euro 251.3 million, up 47 percent in a static market over the period.
 
      -     Total stakes through online and mobile increased 28.4 percent to Euro 821 million.
 
PMU's diversification strategy over the past two years into sports betting, online poker, multichannel offerings and International expansion is paying off.  Diversification yielded a 58 percent growth while gross gaming revenue delivered a 33 percent growth over the first six months of the 2012 fiscal year said the company.
 
The company has invested Euro 60 million over the past two years towards optimising its IT systems, developing its network of retail outlets and developing a modern and innovative company image, an investment its says has allowed PMU to recruit over 100 additional staff.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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