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

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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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