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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.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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