Pmu report return to growth in equestrian sector

French horserace betting operator, Pari Mutuel Urbain, reported a return to growth in the horserace betting sector during its first quarter 2017.

A trading update revealed the continuation and/or launch of a series of twenty plus business initiatives as PMU’s updated transformation strategy continues to focus on achieving sustainable growth.

First quarter performance indicators for the 12-week period ending Mt decline.

– Overall, equestrian stakes returned to growth, up 0.6 percent to Euro 2.324 billion.

– Local equestrian stakes declined 1.5 percent to reach Euro 2.021 billion.

– International horserace betting stakes grew 17.3 percent to reach Euro 302 million.

– Sportsbetting grew 5.4 percent to reach Euro 78 million.

– Poker stakes continued to decline to Euro 145 million, down 3.2 percent.

– Total activity was up 0.5 percent to reach Euro 2.546 billion.

Related and similar