France Pari post strong Q1 2014

francepari1French sports betting operator – France Pari witnessed growth in their B2B and B2C services divisions, as the French licensed operator posted a 70% increase in revenues for Q1 2014.

The operator generated Q1 2014 revenues of €4 million (£3.4 million), France Pari further posted EBITDA of €150,000 (£124,000).

The operator highlighted uptake of its mobile betting product by customers as a key driver for the operator. The operator stated that the newly launched vertical now accounts for 15% of the bets placed by France Pari customers, a new native iOS sports betting app will be launched this week.

Further good news saw strong Q1 2014 mobile performance supported by improved performance in France Pari’s horse racing division, this key market saw an increase in wagering of 80% to €3.5m

Sportnco, France Pari’s B2B division, posted an 87% increase in revenues as Sportnco agreed to supply new sports betting services provisions to new clients. B2B services for the operator generated a gross gaming revenues of €2.5 million (£2.07 million)

France Pari’s Sportnco division is expected has agreed new partnerships, that will see its services displayed in foreign markets, last year Sportnco agreed terms with Groupe Partouche to supply betting platform and B2B services for a UK facing online betting partnership.

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