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GReat Year for PMU

Friday April 12, 2013 : PMU EXCEEDS OBJECTIVES
 
Sound strategy pays off
 
French operator Pari Mutuel Urbain  has exceeded its growth objectives in all sectors confirmed a report on its 2012 fiscal year performance released this week.
 
Key performance highlights for the period ending December 31, 2012 include:
 
-   Net income of Euro 865 million.
 
-   2.5 percent growth in activity to Euro 10.498 billion which it attributes to its diversification strategy initiated three years ago.
 
-   Growth in horse race betting stakes of 0.5 percent to 9,817 million
 
-   Gross betting rose 0.7 percent to Euro 2.476 billion.
 
-   A gross gaming total of Euro 2 521.8 million, up 1.3 percent.
 
-   Internet gross gaming activites up 16.2 percent to Euro 270.1 million.
 
-   Total online stakes of Euro 1 652,7 million, up + 22.8 percent.
 
Although the company experienced a good overall performance, results reflect a mixed picture with a decrease of stakes in France of 1.1 percent, offset by a sharp increase of 87 percent in International activities said a company statement.
 
PMU said it had invested heavily in its retail division with the development and diversification of 500 new outlets bringing to a total of 11 800 at December 31, 2012.
 
On the International front, sports betting and poker were major growth drivers.  Betting abroad on French races leapt 83 percent to Euro 330 million.
 
Online activity in horse race betting, sports betting and poker delivered strong results showing a growth of 23 percent.  In France PMU said it remains overall market leader holding a market share of 40 percent split out to 23.5 percent in sportsbetting and 7.3 percent in poker.
 
Operating in a tough economic environment in the first quarter of 2013, a trading update revealed:
 
-   Overall activity totaling Euro 2.678 billion, up 0.8 percent
-   Horse race betting stable at Euro 2.490 billion despite numerous cancellations due to weather.
-   International horse race betting leapt 126 percent and now represents 5 percent of its total horse race betting sector.
-   Sportsbetting and poker recorded increases of 33 percent and 7.5 percent respectively.
 
Going forward, PMU's strategic plan dubbed PMU 2020 will allow the firm to enable growth opportunities in international markets, social and digital platforms while still investing strongly in its traditional networks.  The goal identified for 2020 is a total of Euro 1 Billion in net income.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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