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PMU says Q3 results “better than expected” despite revenue drop

27th October 2015 7:27 am GMT

French gaming operator Pari-Mutuel Urbain (PMU) has described its third quarter results as better than expected, despite a fall in gross gaming revenue during the period.

The former horse racing monopoly saw total amounts wagered in the third quarter drop by 2.2 per cent to €7.2bn compared to a year ago, with total gross gaming revenue (GGR) down 2.5 per cent to €1.8bn.

PMU saw GGR drop across all verticals, with sports betting posting the largest decline - down 15.9 per cent to €30.7m [...]

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