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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.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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