Pari Mutuel Urbain is a French betting firm that operates in France and today they released their latest trading update. This update shows massive online growth and a overall slight increase in revenue.
These are the key financial indicators that has occurred over the last nine months.
The GGR has a 0.3% increase during these nine months. Pari Mutuel Urbains stated that horse race betting went down by 1.4%, only making 7.8 billion euro’s. The GGR’s horse race betting went down by 0.1%, only taking in a profit of 1.9 billion euro’s. International horse race betting rose the massive amount of 102%, meaning an extra $5 euro’s in profit. Online horse racing on the other hand went down by 0.7%.
Online gambling as a whole rose 4.3% said betting firm Pari Mutuel Urbain, meaning an extra 1.3 Billion Euros was gained in profit. Online sports betting rose up by 15.8% allowing for the operator to gain another 138 million euro’s. Online poker rose ten percent through these nine months, taking in an extra 415 Million Euros in profit.
PMU is one of the largest betting sites in France as of right now. They hold a market share of forty four percent meaning they are the dominate online betting website in the market. It receive over eighty percent of the overall horse race betting traffic online. PMU has to give out an extra two hundred and seven million Euros in winnings this year.