Increased online betting in France

PMU internet action up 22 percent

The French monopoly Pari Mutuel Urbain (PMU) gave another insight into the potential of the French online betting market this week when it released its latest annual results, showcasing a 22 percent increase in online betting to a creditable Euro 661 million for the year 2009.

The figure may be relatively small in relation to PMU's overall turnover, which was up slightly to Euro 9.3 billion, but is a useful indicator of the possibilities inherenet in a liberalised French online gambling market.

Overall group profit fell almost 1 percent in the year to Euro 731 million, reflecting higher costs associated with ventures such as its Equidia horse racing TV channel.

PMU chairman and managing director Philippe Germond described the results as “satisfactory” given the French economy and “the amount wagered with illegal operators.” He added: “The goal is to make one of the top three French [web]sites for sports betting.”

The company's report shows that the French government received Euros 1.1 billion from the PMU in tax income over the year, and that PMU plans to enter the fixed-odds sports betting and online poker sectors once the market has been liberalised, hopefully this June. In preparation for such an eventuality the company has partnered up with UK Internet betting groups PaddyPower, Orbis and Party Gaming (see previous InfoPowa reports).

The PMU report reveals that the group has an active online player base of around 300 000.

lcb activities in the last 24 hours

  • 32
    new members
  • 627
    members online
  • 16706
    guests online
  • 134
    new posts
  • 7345
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results