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PMU Full year results
PMU TRANSFORMATION CONTINUES
Full year results boosted by sports and international horserace betting.
French operator Pari Mutuel Urbain (PMU) reported a 0.6 percent decline in total stakes for the full year 2016 despite strong progress in sports and international horserace betting.
The company believes a myriad of new initiatives implemented to offset difficult local market conditions and the continued impact of the separation of its online gambling and offline business will begin to show real progress in the year ahead.
A renewed focus on International horserace betting has been rewarding, PMU said, with pari-mutuel betting stakes surpassing the billion-Euro mark to reach Euro 1.042 billion, an increase of 29 percent over full year 2015.
Key performance indicators for the full year 2016 period include:
- Total stakes of Euro 9.738 billion, a decrease of 0.6 percent.
- A rise in total gross gaming revenue of 1.3 percent to Euro 2.444 billion.
- A decline in total horserace betting stakes of 1.1 percent to Euro 8.896 billion while total gross gaming revenue rose 1.2 percent to Euro 2.385 billion of which French stakes declined 4 percent and International stakes rose 29 percent.
- Total sports betting stakes rose 19.7 percent to Euro 283 million with gross gaming revenue reaching Euro 44 million, an increase of 1.9 percent.
- Poker stakes declined 1.6 percent to Euro 559 million and gross gaming revenues rose 1.9 percent to Euro 15 million.
PMU has invested heavily in three key areas: the transformation of its point of sale network; innovation in digital; and in further development of its customer services. This strategic acceleration and continued transformation will give the company more agility, it says, streamlining its course to the return of sustainable growth.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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