down cross right results icon premium content video audio lifeNews icon-comment tick starFilled betSlip hot icon-liveCommentary refresh spinner
coral logo ladbrokes logo betway logo williamHill logo bet365 logo paddypower logo 888sport logo
TODAY'S OFFERS
TODAY'S BOOKMAKER OFFERS
Exclusive to new customers
  • View offer
    Up to £100 in Bet Credits
    Claim here
    Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
  • View offer
    £20 Risk free first bet
    Claim here
    Open an account with Paddy Power and place your first bet on any Sportsbook market and if it loses they will refund your stake in cash, max refund for this offer is £20. Limited to one per person. If you've previously had a Paddy Power account, you will not qualify for the offer. Only deposits using Cards or Paypal will qualify. T&Cs apply
  • View offer
    Bet £5 get £20 in free bets
    Claim here
    Open an account with Ladbrokes using promo code 20FREE and place £5 of bets, you'll get £20 in free bets. 18+ New UK+Ire customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1-2 = 4 x £5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply.
  • View offer
    Up to £30 in free bets
    Claim here
    Join betway, opt in, deposit £10 or more and you will get a 100% matched amount, up to £30 as free bets to split however you like. T&Cs apply. 1 x wagering at odds of 1.75+ to unlock free bet. Deposit by card or paypal only.
  • View offer
    Bet £10 get £30 in free bets
    Claim here
    Open a betting account with Coral through our site and when you place your first bet on horse racing (£10 or more) they'll give you 3 x £10 free bets. 18+. UK+IRE New Customers Only. First bet at least £10 or £10 each-way, at fractional odds totalling 1/2 or greater. Free Bets credited as 3 x £10. Free bet valid for 7 days. Free bet will not be included in any winnings. T&Cs Apply
  • View offer
    Bet £10 get £30 in free bets
    Claim here
    Open an account with William Hill using promo code C30, bet £10 and get £30 in free bets. Min £10 stake, win only, min odds 1/2, free bets paid as 3 x £10, 30 day expiry, free bet/payment method/player/country restrictions apply. T&Cs apply
  • View offer
    Bet £10 get £40 in free bets
    Claim here
    Join 888sport using promo code RACING and when you bet £10, you'll get £30 in free bets PLUS £10 in free bets on any horse racing market. Min deposit £10. First bet minimum odds 1-2. Free bet credited upon qualifying bet settlement and expires after 7 days. Free bet stakes not included in returns. Deposit method and withdrawal restrictions apply. T&Cs apply.
  • View offer
    Bet £10 get £40 in free bets
    Claim here
    Open an account with Ladbrokes using promo code RP40 and place £10 in bets and you'll get £40 in free bets. 18+ New UK+Ire customers. Paypal and certain deposit types and bet types excluded. Min £10 bet within 14 days of account reg at min odds 1-2 = 4 x £10 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply.
  • View offer
    Up to £100 in Bet Credits
    Claim here
    Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
  • View offer
    Bet £10 get £30 in free bets
    Claim here
    Open an account with William Hill using promo code C30, bet £10 and get £30 in free bets. Min £10 stake, win only, min odds 1/2, free bets paid as 3 x £10, 30 day expiry, free bet/payment method/player/country restrictions apply. T&Cs apply
  • View offer
    Bet £10 get £40 in free bets
    Claim here
    Open a betting account with Coral through our site and when you place your first bet on horse racing (£10 or more) they'll give you 4 x £10 free bets. 18+. UK+IRE New Customers Only. First bet at least £10 or £10 each-way, at fractional odds totalling 1/2 or greater. Free Bets credited as 4 x £10. Free bet valid for 4 days. Free bet will not be included in any winnings. T&Cs Apply
  • View offer
    £50 Risk free first bet
    Claim here
    Open an account with Paddy Power and place your first bet on any Sportsbook market and if it loses they will refund your stake in cash, max refund for this offer is £50. Limited to one per person. If you've previously had a Paddy Power account, you will not qualify for the offer. Only deposits using Cards or Paypal will qualify. T&Cs apply

PMU returns to growth for the first time in five years

Full year figures for 2017 show a two per cent increase in turnover

PMU turnover on racing was up two per cent in 2017, a figure which matched the overall performance of the business
1 of 1

France's former monopoly betting operator, the PMU, has recorded a rise in turnover for the first time since 2011, unveiling a provisional operating figure of €9.92 billion. 

That represents a two per cent increase on 2016's totals, which themselves were essentially flat after four years of declining business. 

Perhaps crucially for the PMU – which accounts for 80 per cent of betting on horseracing in France and is the major financial underwriter for racing and trotting – domestic turnover on racing increased by 0.9 per cent, while the company's booming international division's ten per cent increase in contributions ensured that the overall figure for horseracing bets matched the two per cent increase across the business. 

With no major international football tournament during the summer, turnover on sport declined on 2016 – when France hosted the European Championship – but still returned increased revenue to the business, as did the poker division.

Search for "sustainable growth"

The PMU is currently under the leadership of interim chief Alain Resplandy-Bernard, who stepped up following the departure of director general Xavier Hurstel last November.

"The implementation of the PMU's strategic plan is beginning to bear results and in 2017 the PMU returned to the path of growth," said Resplandy-Bernard, who joined other key French business leaders as part of President Macron's delegation during last week's state visit to China. 

Punters que to place their pari-mutuel bets on Arc day in 2012

Resplandy-Bernard said: "Our objective in 2018 is to continue growth across all sectors of the business and to permanently cross back over the threshold of €800 million in net profit [returned to racing and trotting].

"I know the teams across the PMU are ready to meet this challenge and to ensure sustainable growth for the business to the benefit of horseracing's finances."

The PMU's major stakeholders – France Galop, Le Trot and the budget ministry – are expected to decide on a successor to Hurstel within the next few weeks. 

Whoever that person is, their biggest challenge will be racing's effort to persuade the government to adopt a new approach to the gambling sector, following protests last year which led the previous administration to halt a pilot project for live sports betting in the high street conducted by the lottery operator FDJ. 


If you found this article interesting, you should read: 

Saint-Cloud protest: France Galop revises saving plan after meeting is lost


 

 

Our objective in 2018 is to continue growth across all sectors of the business
Bookmaker
Price
E.W. Terms
Sporting
BetVictor
Sky bet
Boylesport
RaceBets