Saturday October 8, 2011 : FRENCH GAMBLING GROUP ON A ROLL
First nine months of the year put PMU in a strong position to top Euro 10 billion in turnover in 2011…and online gambling is a big contributor
The French online and land gambling group Pari Mutuel Urbain (PMU) is in a strong position for turnover to top Euro 10 billion by the end of the year based on its latest trading update, covering the nine months ended September 30 2011.
The results released this week show that online gambling is playing an increasing role in contributing to the group's fortunes, with online stakes now accounting for 13 percent of the total. Online stakes in the third quarter alone reached Euro 330 million, up 33 percent.
Overall, the group posted an 8 percent rise in year-to-date turnover to Euro 7.56 million, with the third quarter bringing in Euro 2.46 billion in revenues.