French Operator Pari Mutuel Urbain Releases Trading Update

This story was published more than 10 years ago.

French betting firm Pari Mutuel Urbain has released its latest trading update, noting large online growth and a slight rise in gross gaming revenue.

Key financial indicators for the nine month period ending September 30th, 2013 were:

  • Group GGR up by 0.2% to €1.879 billion, despite a 0.6% decline in stakes amounting to €7.734 billion.

  • Land based horse race betting stakes down 1.4% to €7.179 billion and a GGR of €1.83 billion, down 0.1%.

  • International horse race betting rose 102% to €449.5 million.

  • Retail networks decreased by 5% to €5.962 billion attributed to a challenging economic environment.

  • Revenue across the online platform grew 4.3% to total €1.267 billion.

  • Online horse race betting declined by 0.7%;

  • Online sports betting stakes rose 15.8% to €138.9 million and GGR rose 14.3% to €26.2 million; and

  • Online poker stakes grew 10.1% amounting to €415.2 million and GGR rose 22% to €15.7 million despite an overall declining market

  • Total gross win from PMU's online activities totaled €207 million, up 2.6%

PMU currently serves as the largest betting site within France, controlling a market share of 44%. It's most dominant sector is the horse betting market, where it receives 83.6% of overall traffic. The group controls 25.6% of France's sportsbetting market, and is currently the third largest online poker firm.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.