Archive for the ‘Law’ Category

PMU: the CEO encourages the enforcement of the law french

Thursday, April 8th, 2010

Who said: “I hope the Senate will be voting in February and it may be enacted in early April? It was Philippe Germond, CEO of the PMU! Incredible paradox: he embodies a monopoly but wished that the opening is rapid. This proves that this is not a real opening, some will say …

At RMC, he said he wanted the law comes into force “before the World Cup. Because that would be totally absurd if the only illegal operators could offer athletes at the Paris World Cup football. I hope the Senate will be voting in February and it may be enacted in early April. ”

Angry, Jean-Michel Aulas, president of Olympique Lyonnais, accuses the PMU to delay the opening of the gaming market and paris online and lobbying. Recognizing the current monopoly of the business in this area, Philippe Germond, CEO of the PMU, replied: “Paradoxically, and I demonstrated a few interviews in December: one is for the passage of the law, as soon as possible. “And the CEO of the PMU to explain while sharing the eagerness of Jean-Michel Aulas,” he signed a contract with a now illegal in France, he can not put that mark on his jersey as that the law is not passed and that the operator has no license. ”

Philippe Germond. We recorded 9.3 billion of Paris and a growth of 0.4%. This satisfactory result shows the strength of our model even if our customers have been affected by the crisis and if the unemployment rate affects our business. Bet average fell 3%, but we manage to maintain a slight growth through increased supply of races, to our dynamic network of outlets and the Internet. Our site is up 22% with a turnover of 660 million euros, making it the first site of Paris in France.

“I’m careful. However, I counting on growth of our business in paris horse than 2009 that will be completed by the Paris sports activity. Within two years, our ambition is to make the Internet almost 1 billion euros of turnover. ”
Initially, the Paris sports and horse racing online, there will be dozens of players but in two years, their numbers will be counted more than the fingers of one hand because that will only remain the strongest of the PMU.
“In December, I said it was urgent that this legislation goes forward. For it is paradoxical that the World Cup soccer begins with operators operating illegally and that others, such as PMU, watch the trains pass. This is inconceivable and unacceptable. My ambition is that we’re among the top three players with 20 to 25% market share. ”

At 8%, the fee will be donated to the horse industry is at a level that corresponds to the financing needs of the sector. Horse racing is a game of strategy. Plus there racing, most bettors play. The more outgoing, more issues are involved. Is a model of virtue. In addition, the average ratio of horse betting remain more interesting than sports paris, where the combinations are often reduced.

We will expand the flexi bet, further increasing the supply including Sunday morning and manage our portfolio of paris. Games that do not find their audience, as Quadrio, could be abandoned and we are studying new, probably paris simple. Why not offer a game that would be to find the second in a race? We have no dogma on this and we seek what best meets the expectations of bettors.