France Pari revenues up 15 percent
Tuesday January 5,2016 : SPORTNCO BOLSTERS FRANCE PARI SUCCESS
FY revenues up 15 percent year-on-year.
Business to business activity through subsidiary Sportnco proved to be a major contributor to the full year success of France Pari, with the group announcing a 15 percent y-o-y rise in revenues to Euro 20 million in 2015.
Sportnco delivered white label gambling enterprises and sublicenses of its online sports betting and horse racing platforms, collecting Euro 2 million in fees and royalties during the year.
The group's activities as an online sports betting operator through France-pari.fr and Feelingbet.fr, saw revenue increases of 5 percent to Euro 17 million, with football the punters' favourite and accounting for half the wagers.
Online horse racing revenue remained in the doldrums for the French online gambling group, and was flat at Euro 1 million.
CEO Hervé Schlosser reported to investors:
“2015 provided confirmation of our strategy focused on sports betting, complemented by our B2C and B2B activities.
“We expect strong growth in 2016, headed by Uefa Euro 2016 in France and the Olympics in Rio, but also by the launch of a new range of sports betting offers thoughout the year.
“Our company will continue with international development; our B2B offer was already available in English, Spanish and Dutch, and we will add German, Portuguese and Chinese during Q1 of 2016.”