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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.
Gambling News :
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
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MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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