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Mixed Results For PMU for H1-2016

PMU REPORT MIXED H1/2016 RESULTS

International horse betting offsets weaker local markets.

French operator Pari Mutuel Urbain (PMU) delivered a mixed bag of results in its first half 2016, reporting a volatile environment affected by, amongst others, a decline in equestrian activities in France.

Group gross gaming revenue was up 1.1 percent to Euro 1.2 billion despite a slight decline in total stakes of 0.3 percent to Euro 4.9 billion.

Horse betting stakes amounted to Euro 4.475 billion, down 1.1 percent, but ahead of the overall French market PMU claims which was down 4.4 percent to Euro 3.968 billion during this reporting period.

A decrease in horse stakes, which particularly affected Retail, was attributed to social movements, a post-terrorist climate, the weather, the Euro 2016 Football competition and the companies separation of online and retail reportage.

“International activity confirms its key role as growth drivers of horse betting,” PMU said. International stakes rose sharply to Euro 506.5 million (up 35.2 percent), partly offsetting the decline in the French market.   Total horse betting gross revenues were up 0.8 percent to Euro 1.2 billion.

On a positive note, international business has continued to show strong growth following a successful Euro 2016 Football championship where stakes exceeded Euro 500 million, the company reported.  Sports betting stakes delivered 30.7 percent growth to Euro 154.4 million, and gross gaming revenues amounted to Euro 24.2 million, a 16.1 percent increase.

Poker stakes declined 0.6 percent to Euro 282.2 million, while gross gaming revenues increased 8 percent to Euro 7.7 million.

Looking ahead, PMU said stricter fiscal controls will be implemented in the upcoming period to achieve a net profit in line with its 2016 commitments along with new innovations and a focus on international business.



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NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

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50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

Huge Win at Bitstarz Casino - There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.

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NBA Odds: Can Warriors Keep up the Pace in Cleveland? - The Cleveland Cavaliers head back home down 0-2 in the 2017 NBA Finals after losing the first two games straight up and against the spread to the Golden State Warriors by wide margins. Game 3 is Wednesday at 9 PM ET on ABC.

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