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Decline in horse racing slows PMU growth in first half

21st July 2016 8:21 am GMT

French gaming operator Pari-Mutuel Urbain (PMU) has recorded a marginal drop in turnover for the first half of 2016, with security concerns negatively impacting retail sales.

The operator generated gross gaming revenue of €1.2bn for the six month period, up 1.1 per cent versus a year ago, although turnover across all verticals fell by 0.3 per cent to €4.9bn.

The decline in turnover was most pronounced in the horse racing sector, where total racing turnover dropped 1.1 per cent year-on-year to €4.5bn. In France [...]

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