Contrasting fortunes for French operators

Contrasting fortunes for French operators

Thursday, January 14, 2016 Totally Gaming
FDJ announced record sales during 2015, but PMU has released poor results

French gaming operator Francais de Jeux (FDJ) has revealed record sales for 2015, as rival Pari Mutuel Urbain (PMU) announced a fall in revenue and turnover.

FDJ, which offers lottery, games and betting, said that sales reached €13.7bn ($14.9bn) in 2015, which is a 5.4 per cent increase on 2014.

Lottery games, the bulk of sales of the FDJ, were up 3.8 per cent thanks mainly to a 9.6 per cent increase in scratchcard sales.

Sports betting rose by 14 per cent to €2.3bn, despite 2014 being a Fifa World Cup year. Football accounted for 72 per cent of sports betting

Despite greater takings, FDJ has actually seen a fall in customer numbers and has targeted attracting 400,000 new players in 2016.

The state, which owns 72 per cent of FDJ, received €3.1bn and local shops made €690m.

PMU, which offers horseracing and sports betting as well as online gaming, said that total turnover for 2015 was €9.8bn, a third consecutive year of decline and 1.8 per cent down on 2014.

PMU added that gross revenue from its racing, poker and sports businesses also dropped by 2 per cent year-on-year, but noted an 11 per cent increase in international sales after taking a majority interest in the German Tote and becoming the key pari-mutuel operator in Brazil.

“After a very difficult start to the year, activity has improved in line with a number of operational changes to the back office, as well as new products and further developments in customer service,”  said PMU president Xavier Hurstel. “In the end we have met our forecasts for total turnover and gross revenue.

“That, in conjunction with strict monitoring of our overheads, has allowed us to meet our target for contributions to racing's finances.”

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