Pmu Acquires Majority Stake In German Tote

Strong potential for development in German market

French horse racing operator Pari-Mutuel Urbain (PMU) has acquired a majority stake in long-time partner Die German Tote Service- und Beteiligungs GmbH (German Tote) for an undisclosed consideration.
"The acquisition of the German Tote is an opportunity which allows PMU to become an operator in Germany, and become a part of its equestrian tradition of which we nourish great ambitions and whose betting market offers strong development potential," commented Xavier Hurstel, president and chief executive officer of PMU.
The PMU and German Tote's 12 year partnership has enabled the German Tote to expand its commercial offering in terms of both services to customers and wagering as well as contribute towards the financing and development of the German equestrian industry.
The acquisition forms a keystone in PMU's 2020 international expansion strategy.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449


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.

See More Posts