Finance

International expansion drives PMU’s modest 2016 growth

Double-digit growth in international horseracing stakes helps drive a 1.3% increase in group revenues

French operator PMU recorded a modest 1.3% year-on-year rise in 2016 revenues, driven by strong growth in the firm’s international horseracing betting arm. Gross gaming revenue (GGR) last year increased to €2.4bn for the 12 months ended 31 December, while total revenue from horseracing was up 1.2% year-on-year. The growth in horseracing GGR followed a…

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