Economic Conditions Continue To Impact Pmu Performance

Sports betting the star performer

French operator Pari Mutuel Urbain (PMU) has cited the continued downturn in local economic conditions as having a major impact on its performance but says strong international results continue to drive growth.
Total gross gaming revenues amounted to Euro 1.796 billion, up 0.7 percent, mainly driven by International growth which was up 46.9 percent.
Sportsbetting stakes increased 24.5 percent to Euro 213.3 million and gross gaming revenue rose 12.2 percent to Euro 34.4 million.
Poker stakes decreased 2.4 percent, however gross gaming revenue increased by 6 percent.
Local horse race betting continued to decline with French stakes down 4.9 percent and total stakes down 1.6 percent to Euro 6.541 billion.
PMU says it continues to focus on modernisation and transformation to revive horse race betting in the French market. Initiatives include the renovation of 13 000 retail outlets and the launch of SMS betting which has reportedly been well received.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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