Impressive growth from French Gambling Monopolies’ Internet Channels Ahead of 2010 Opening
French Gambling Market Outperforms European Trend in 2009
European gambling markets took a 34% share of world gambling in 2009, with gross gaming yield (GGY) of US$126 billion (‚Ç¨93bn) based on research for Global Betting and Gaming Consultants’ latest edition of its comprehensive Global Gambling Report.
In 2009 the global gambling market was worth US$370 billion (‚Ç¨272 billion).
It was a difficult year for European gambling markets overall, with European GGY falling by 5.6%.
France’ state gambling monopolies both managed to increase their sales in 2009, bucking the overall trend of decline in Europe.
La Fran√ßaise des Jeux’ (FDJ) sales rose by 8.6% in 2009 to reach almost ‚Ç¨10 billion.
For both firms it was their Interactive channels that saw the largest growth.
PMU’ online turnover grew by an impressive 22% in 2009, with sales of ‚Ç¨661 million. The betting turnover by mobile phone was ‚Ç¨6.6 million, an increase of 12%.
With the new French Internet gambling licensing regime starting before the World Cup, the Internet and mobile phones will be integral to 2010′ sales growth too.
FDJ’ online sales’ performance was even better. Its sports betting turnover was up 61% (‚Ç¨43 million) and lottery sales were up 41% (‚Ç¨273 million).
Both companies are aware they will face greater competition from private companies from the summer and have been planning accordingly.
PMU will expand from its focus on horse racing into the wider sports betting market and has secured the services of Irish bookmaker Paddy Power to run the risk management for its new venture.
FDJ, meanwhile, has been just as active. It acquired betting software firm LVS, which is developing FDJ’ sports betting platform. FDJ has also teamed up with Barrière Interactive Gaming (BIG), to establish an online poker room. A deal with Orange (part of France Telecom) will see FDJ’ products promoted through Orange’ media portals.