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FIFTEENTH CONSECUTIVE YEAR OF GROWTH FOR P.M.U.
11th January, 2013 at 10:39:37
French land and online gambling group reports that internet revenues reached Euro 1.7 billion
Fifteen years of consecutive growth - which French online and land gambling group Pari-Mutuel Urbain can claim on its 2012 results - is an outstanding performance that many gambling groups will envy, especially in the United States.
This week the former state monopoly racked up 2.5% growth in a competitive market, with the online operations of the company contributing Euro 1.7 billion in revenues - an impressive growth rate over the previous year of almost 23 percent.
Gross gaming revenues in the online division soared just over 16% to Euro 270.1 million.
Mobile betting again proved profitable for the company, assisting sports betting wagers to grow by 62% to Euro 162.5 million.
Running positively against a generally negative industry trend in online poker, and despite heavy French taxation, PMU's internet poker revenues grew by a creditable 39% to Euro 518 million, whilst online betting on horse racing amounted to Euro 972.1 million - an 11.1% improvement over 2011.
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