Pari Mutuel Urbain Poised For Big Year

This story was published more than 12 years ago.

French gambling company Pari Mutuel Urbain is poised for a strong finish for the year, as it is in position to reach €10 billion in turnover.

The results that were released this week included financial results through the end of September and show that internet based gambling is taking up a larger role in the group's success. Online gambling accounts for 13% of Pari Mutuel Urbain's total revenue, and online wagers in the third quarter of the year reached €330 million, which is up 30%

Year to date Pari Mutuel Urbain is showing an 8% increase in turnover to €7.56 million. The third quarter brought in €2.46 billion in revenue.