Financial News

French gaming operator Pari Mutuel Urbain (PMU) has reported a 1 per cent drop in turnover to €2.52bn for the first quarter of 2018, with its core horse racing offering impacted by adverse weather conditions.

Horse racing betting turnover fell by 1 per cent year-on-year to €2.30bn following race cancellations and the withdrawal of runners at a number of meetings during the first quarter due to bad weather.

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