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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.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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