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STRONG GROWTH IN ONLINE IN PMU THIRD QUARTER RESULTS
10/12/2012 : STRONG GROWTH IN ONLINE IN PMU THIRD QUARTER RESULTS
Online, poker and sportsbetting rise
French gambling provider Pari Mutuel Urbain (PMU) delivered its third quarter results this week showcasing strong growth in its online operations and a good online poker performance despite tough market conditions.
Key Quarter 3 Performance Indicators include:
- Total Group Stakes Euro 2.4 billion, up 1 percent
- Total stakes horse racing Euro 2.32 billion, down 1.1 percent
- of which retail Euro 1.98 billion, down 3.6 percent
- Total stakes sports betting Euro 39.4 million, an increase of 63.1 percent
- Total stakes poker Euro 125.7 million, up 39.8 percent
- Overall gross gaming Euro 598 million, a decline of 1.2 percent
- Gross revenue horse race betting Euro 586.3 million, down 1.8 percent
YTD Performance Indicators as at 30 September 2012:
- Total Stakes Euro 7.78 Billion, up 2.9 percent
- Total stakes horse racing Euro 7.28 billion, up 0.8 percent
- of which retail Euro 6.27 billion, down 1.4 percent
- Total stakes sports betting Euro 120 million, up 71.7 percent
- Total stakes poker Euro 378 million, increase of 44.8 percent
- Overall gross gaming Euro 1.87 billion, up 1.6 percent
- Gross revenue horse race betting Euro 1.83 billion, up 0.9 percent
PMU said its third quarter results were aided by a strong interest in major sports events the Tour de France and the Olympics, however, on the back of a depressed economic market, the company said horse race betting in general had deteriorated but it had seen an upturn during September 2012 attributed to the launch of new betting products.
The company entered into three new distribution agreements for horse race betting in Belgium with the Belgian PMU, WFA and Eurotiercé. These deals complement an earlier agreement with Ladbrokes . PMU also reported strong growth in the German market of 114 percent.
Sportsbetting, poker and online were the company's star performers over the quarter with a 63.1 percent growth in sports betting, 39.8 percent growth in online poker and a 19.3 percent increase in online.
PMU's sportsbetting results place it firmly second in the market after Betclic.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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