The French horse racing betting monopoly, which is Europe’s leading offtrack betting group, reported EUR 250 million of sales for its online betting service in 2005, a sharp rise from EUR 143 million in 2004, the first year the company offered bets on the internet.
PMU announced a 6 per cent rise in total revenues up to EUR 8bn. Profit figures were not available, but the company posted a net profit of EUR 516m in 2004.
Francaise des Jeux, the casino and lotto operator, confirmed that online gambling is a big growth area as the company attracted 350,000 new online gamblers in 2005.
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