French Betting Firm France Pari Posts Good Financial Results for Q1

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French online betting platform France Pari announces financial growth for first quarter of 2014, after experiencing a slight slump.

France Pari posted more than $5.5 million in revenues in the initial three months of this year, which helped them achieve EBITDA of $207,000 and a net profit of $110,000.
The reason for the strong performance was assisted by a rise of 70% in France Pari’s operator activities. While the company’s B2B division, Sportnco, helped see a rise of 87% for the mobile betting firm.

During the same period last year, the firm’s share value was up 80% to $4.8 million. Live and mobile betting were the main proponents of the growth the, as mobile accounted for 15% of the stakes and 30% of connections.

Platform diversification and mobile market is key

Herve Schlosser, president of France Pari, earlier this year gave assertions that B2B unit Sportnco achieved great results for 2013, while also adding comments about their new platforms.
“All Sportnco clients recorded strong growth in 2013, and we launched our new platforms Feelingbet and Genybet during the second half the year. Genybet had decided to expand its activities from horse racing parimutuel to fixed odds sports betting and we enabled them to do that.”

The mobile casino gambling market forms a big part of the French company, as they are planning to introduce an iPhone app imminently. They have successfully identified that mobile betting is filled with great opportunities for further success.

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