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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 :
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.
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.
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.
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.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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