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.

Comunio in deal with - One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar

McGregor’s Odds vs. Mayweather Get Even Shorter - Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.

Gemtopia Slot Launches - This spectacular new slot from Real Time Gaming includes 2 glittering features, a Wild Re-Spin Feature and a Free Games with Bonus Picks Feature!

MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

2017 ACR Moss Sign Up Bonus - The ACR MOSS kicks off this Sunday, August 13th at 1:00pm ET. If you’re new to the MOSS, it’s the Mini Online Super Series and the first part of our $6,700,000 GTD OSS Cub3d series.

New Microgaming HQ Opens - Microgaming’s new purpose built HQ on the Isle of Man, adjacent to its existing office, officially opened on 31 July 2017.

EmotiCoins Slot Launches - EmotiCoins is hosted by a crew of cheerful Emoticons that take you on a delightful ride of emotions. Watch the cheeky faces playfully bounce down the reels amidst bright, rich colours and a delightful sound track.

Oink: Country Love Slot - Willy & Chancho are trying to win over the heart of the Sweet Country Pig, Miss Southern Charm... although her father old 'Bo isn't too pleased even the rest of the farm is falling for this Wild Duo! Willy & Chancho the 'Wild Dueling Musicians' have single pays as well as Collaborative Pays during Wildly entertaining Banjo VS Violin showdowns. Win up to 80 Free Spins if you land the Golden tickets to the Barnyard Bash Free Spin Feature! During this Feature the Wild Duo appear even more frequently to ensure it's a spectacle you will not forget, heck, the party may never end with the potential to retrigger keeping you on your toes. This wild treat is available on both Desktop and Mobile devices.

PartyPoker Lobby and Table Update - Partypoker releases first phase lobby and table upgrade for an improved player experience. Player feedback influences new darker colour scheme of partypoker client

Bitstarz Launches SlotWars - BitStarz - the home of thrilling casino tournaments just launched Slot Battles with 48 battle rounds being played every day!