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PMU international growth offsets French market decline in 2016

12th January 2017 9:19 am GMT

French gaming operator Pari-Mutuel Urbain (PMU) has said that an overhaul of its technology and expansion into new markets will help it return to sustainable growth following a 1.3 per cent rise in gross gaming revenue in 2016.

Full-year GGR rose to €2.44bn, with declines in French horse race betting and poker offset by growth in foreign markets and sports betting.

Total horse racing revenue climbed 1.2 per cent to €2.39bn, despite a 1.1 per cent drop in amounts wagered in [...]

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