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Pari Mutuel Urbain Earnings Forcast
Monday July 13,2015 : PMU MAINTAINS FULL YEAR FORECAST DESPITE H1 DECLINE
Expects stronger HY2 2015 trading period.
French gambling operator Pari Mutuel Urbain (PMU) believes it will still achieve its 2015 net profit target of Euro 805 million despite a decline in HY1/2015 activity.
The company said it will continue with the operational implementation of projects according to its PMU 2020 strategy and expects a stronger period of trading for the rest of its financial year.
Key performance indicators for the first half of the year 2015 include:
A decline in total gross gaming revenues of 2.8 percent to Euro 1.2 Billion and a 2.5 percent decline in total stakes amounting to Euro 4.9 billion.
Gross gaming revenues in Horserace betting fell 2.6 percent across retail and online to Euro 1.18 billion.
Betting stakes fell 2.7 percent to Euro 4.5 billion.
Profit after tax on the export of French racing was up 20.4 percent to Euro 29.5 million, showing encouraging progress with new international developments expected during the second half of the year.
Sports betting results were impacted by the comparison period in which the World Cup 2014 fell, PMU said, resulting in a drop in sports betting stakes of 3.1 percent Euro 118 million and gross gaming revenue of Euro 20.8 million, down 14 percent.
Poker remained stable, despite a general decline in the poker market, delivering a 0.8 percent increase in stakes to Euro 284 million and a -3.5 percent decline in gross gaming revenue to Euro 7.2 million.
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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