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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.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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