Solid Performance From France Pari

SOLID PERFORMANCE FROM FRANCE PARI

08th January, 2015 at 15:32:07
Source: http://www.azonlinecasinos.com

Revenues up 46% 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% 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% in 2014;

* Bets placed on mobiles contributed 25% 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% to Euro 1.05 million.

Related News Tags:



« News index »



PARTOUCHE TAKE ON BETCONSTRUCT WHITE LABEL

06th March, 2017 at 19:34:18
French market an interesting prospect, says sportsbook provider.

FRENCH ONLINE AND LAND GAMBLING GIANT EXTENDS FRENCH FOOTBALL LEAGUE PARTNERSHIP

12th January, 2017 at 16:53:41
Franšaise des Jeux (FDJ) secures four-year extension.

FRENCH REGULATOR TO REMAIN AUTONOMOUS

13th December, 2016 at 09:14:58
Political attempt to merge regulator with other government organisations fails.

PMU LAUNCH PARI MUTUEL BETTING IN BRAZIL

12th December, 2016 at 13:40:20
Develops retail, telephone and internet betting platforms.

FRENCH GAMBLING GIANT IN FOOTBALL SPONSORSHIP DEAL

09th December, 2016 at 09:46:31
State-owned Franšaise des Jeux inks betting agreement with Olympique Lyonnais.