Solid Performance From France Pari

Revenues up 46 percent thanks to sports betting

French online sports betting operator and business-to-business supplier France Pari has turned in a creditable performance for 2014, posting revenue increases of 46 percent to Euro 17.9 million year-on-year.

The group's B2B division Sportnco performed particularly well, doubling revenues to Euro 1 million.

Other highlights:

* Wagers reached Euro 15.8 million, up Euro 5 million on the previous year;

* Gross profit margin of almost 20 percent;

* Anticipation that the group will launch further mobile solutions; nine mobile apps were launched in 2014 and a further 10 are planned for 2015;

* French online sports betting market expected to achieve growth predictions of 30 percent in 2014;

* Bets placed on mobiles contributed 25 percent of all wagers in 2014, with accelerated growth in mobile usage recorded in tyhe last quarter of the year;

* European expansion plans ahead;

On the negative side, racing pari mutuel bets declined 9 percent to Euro 1.05 million.

Online Casino News Courtesy of Infopowa

More news

here.