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Pari Mutuel Urbain Affected by Economy
ECONOMIC CONDITIONS CONTINUE TO IMPACT PMU PERFORMANCE
Sports betting the star performer.
French operator Pari Mutuel Urbain (PMU) has cited the continued downturn in local economic conditions as having a major impact on its performance but says strong international results continue to drive growth.
Total gross gaming revenues amounted to Euro 1.796 billion, up 0.7 percent, mainly driven by International growth which was up 46.9 percent.
Sports betting stakes increased 24.5 percent to Euro 213.3 million and gross gaming revenue rose 12.2 percent to Euro 34.4 million.
Poker stakes decreased 2.4 percent, however gross gaming revenue increased by 6 percent.
Local horse race betting continued to decline with French stakes down 4.9 percent and total stakes down 1.6 percent to Euro 6.541 billion.
PMU says it continues to focus on modernization and transformation to revive horse race betting in the French market. Initiatives include the renovation of 13 000 retail outlets and the launch of SMS betting which has reportedly been well received.
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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