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PMU posted its full year 2014 results

Tuesday january 13,2015 : PMU REVEALS CHALLENGING YEAR

But says performance still in line with expectations

French gambling operator Pari Mutuel Urbain (PMU) posted its full year 2014 results delivering a performance that it said is in line with forecasts despite a decline of 2.2 percent in gross gaming revenue to Euro 2.48 billion and a 4.1 percent decline in gross profit to Euro 9.98 billion.

The company identified its key highlights during 2014 as the  development of International horse race betting that delivered growth of 14 percent in stakes to Euro 727.5 million and a strong sports betting performance during the World Cup saying PMU had taken 27 percent market share and attracted 80 000 new customers.

PMU’s core pari mutuel horse race betting business felt the bite of a tough economic climate with stakes falling 5 percent to Euro 9.16 billion and gross profits down by 2.6 percent to Euro 2.4 billion.

Retail sales also fell by 5.8 percent to Euro 7.515 billion.

PMU’s total online stakes reflected a 2.9 percent decline to Euro 1.6 billion, however, online sports betting stakes rose 14.9 percent to Euro 228.7 million.

Online poker showed a good performance in a declining market with a rise in stakes of 3.8 percent to Euro 591.6 million, however gross profits totalling Euro 21.3 million were down 1.4 percent.

Online horse race betting stakes decreased 10.6 percent to Euro 843 million, a reflection of the performance reported from its land-based vertical.

Mobile betting saw a 33 percent increase in horse race betting stakes, 45 percent in sports betting stakes and an impressive 235 percent rise in poker stakes.

"The PMU contained a decline in its 2014 gross gaming revenue while pursuing its development strategy in France and abroad combined with a cost-cutting plan”, commented chief executive officer of PMU, Xavier Hurstel.

“This approach will allow a net income for the benefit of the horse racing industry in line with the commitments made ​​in 2013.

“The PMU is a solid company and it is this strength that allows it to withstand today and maintain this level of performance.”

Looking ahead, PMU’s focus in 2015 will be on the continued transformation and modernisation of its network. 

A complete redesign of its central computer system is ongoing which it says will ultimately allow for increased business innovation and customer satisfaction.



Gambling News :

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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