P.m.u. Underperforms In First Half 2014

By Brian Cullingworth, Last updated Aug 8, 2014

French online and land gambling group suffers a 2.4 percent slide in H1-2014 revenue

The major French online and land gambling group Pari-Mutuel Urbain (PMU) has posted disappointing H1-2014 results despite this being a World Cup football year, reporting that revenues declined 2.4 percent to Euro 1.26 billion.
The decline is mainly attributable to the company's core horse racing activities, where revenue fell 2.9 percent to Euro 1.1 billion despite a 28 percent uptick in international wagering.
What the World Cup football spectacular did do during its June contests in Brazil, was ensure that PMU's sports betting division performance improved, with year-on-year revenues soaring 31.2 percent to Euro 24.9 million and new customer acquisitions up by 60,000.
The online poker business conducted by the group in France managed a marginal improvement of just 1.4 percent, generating Euro 10.5 million.

Online Casino News Courtesy of Infopowa

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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