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French Reporting Increased Online Betting
4/14/10 - The French monopoly Pari Mutuel Urbain (PMU) gave another insight into the potential of the French online betting market this week when it released its latest annual results, showcasing a 22 percent increase in online betting to a creditable Euro 661 million for the year 2009.
The figure may be relatively small in relation to PMU's overall turnover, which was up slightly to Euro 9.3 billion, but is a useful indicator of the possibilities inherenet in a liberalised French online gambling market.
Overall group profit fell almost 1 percent in the year to Euro 731 million, reflecting higher costs associated with ventures such as its Equidia horse racing TV channel.
PMU chairman and managing director Philippe Germond described the results as “satisfactory” given the French economy and “the amount wagered with illegal operators.” He added: “The goal is to make pmu.fr one of the top three French [web]sites for sports betting.”
The company's report shows that the French government received Euros 1.1 billion from the PMU in tax income over the year, and that PMU plans to enter the fixed-odds sports betting and online poker sectors once the market has been liberalised, hopefully this June. In preparation for such an eventuality the company has partnered up with UK Internet betting groups PaddyPower, Orbis and Party Gaming.
The PMU report reveals that the group has an active online player base of around 300 000.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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