In loss of speed, the PMU is seeking the revenue to return to growth.

Sunday, October 7, lovers of horse racing all over the world will have their eyes fixed on Paris. On Longchamp it more precisely. For them, the Prix de l’arc de triomphe, will be run again on its racetrack-dedicated after its complete renovation, is considered the world championship of the gallop. A strong time for the PMU, ready to collect the bets of the race goers.

For all that, the mood is not really at the party at the historic operator of the paris horse racing. Nearly six months after his appointment, after a ” period of immersion “, its new managing director, Cyril Linette, book its first analysis. “The finding is quite alarming. The situation is complicated, ” he says bluntly.

The improvement in 2017 appears to have been of short duration. In January 2018, the economic interest group (EIG) owned by the racecourses of France Galop and Trot was pleased to have returned to growth. The total of issues, including horse betting, sports betting and poker, was up 2 % to 9.9 billion euros. A dynamic range by international but also by a return to the green horse betting in France. The objective set for 2018, then, was to exceed the mark of € 10 billion of issues and pay 803 million euros to the companies of the races. Knowing that the PMU pays the full amount of its dividends.

The horse race betting are down 2 %

Since then, the field is once again heavy for the historical operator, again with the loss of speed. Even if it does not have a published half-yearly press release on its activity, Mr. Linette does not hide it, the goals will not be achieved. The horse race betting are down 2 % over the first six months of the year. And it was dark. The PMU has taken, it is true, the full force of the football world Cup. The French have abandoned the quinté to make predictions on the teams of football favorites….

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