French betting group enjoys a good third quarter
News on 4 Oct 2013
News on 4 Oct 2013
French betting group and sportsbook technology provider France Pari reported a positive Q3-2013 performance from both its business-to-consumer and business-to-business activities this week, advising that revenues rose 24 percent to Euro 3.25 million (Q3-2012: Euro 2.65 million).
Gross gaming revenues reached Euro 600,000, with wagers placed up by over 20 percent.
The company experienced a now familiar industry story of mobile betting success, reporting that the mobile channel generated 10 percent of wagers.
Other solid contributions came from a new pool betting product operated in partnership with the UK company Sportech plc.
Management is optimistic that the company will maintain double digit growth for both the fourth quarter and the full year, with a strong performance anticipated from the business-to-business division, which doubled its turnover in the third quarter.
