Tag Archives: fdj

France’s Gambling industry faces an uncertain future with tax rises and iGaming regulation in the balance as Prime Minister Michel Barnier faces a budget showdown with opposition to pass critical balancing measures.  Michel Barnier’s government could be the shortest-lived in France’s history as he faces a vote of no confidence that he is expected to lose this afternoon. The vote …

Breaking developments in France see Senators approve of new tax hikes across all gambling activities. Meanwhile, Jake Pollard examines FDJ’s unexpected opposition to the upcoming online casino regulation in France, criticised by opponents as protectionist and hypocritical.  French Senators have voted in favour of the government’s “comportmental tax raises” targeting soft drinks, tobacco and gambling.  The tax hikes on gambling …

As the French government begins consultations with gambling stakeholders, market access, combating the illegal market and remit of regulations will be among the key issues debated in 2025. The working groups that will study potential frameworks that could lead to online casino being regulated in France from January will take into account the key issues of public health, consumer protection …

Listed on the Paris Euronext market, FDJ bond will be issued in three tranches with maturity set six, nine and 12 years La Française des Jeux (FDJ) is set to launch its first bond issue to refinance the €2bn bridging loan the group took out to proceed with its €2.6bn acquisition of Kindred Group. FDJ will meet investors over the next …

French casino operators are ready to consult with the government on all the key issues following withdrawal of online casino amendment from the Budget 2025.  Casinos de France, the trade body representing the country’s 200 French land-based casinos, has told Gaming&Co that it is looking forward to discussing online casino regulations when it meets with the government next week, and …

Kindred Group Plc remains on target to achieve its full-year corporate and financial objectives, despite undertaking necessary changes to proceed with its takeover by Française des Jeux (FDJ). Publishing its Q3 accounts, leadership underlines that “Kindred is on the right trajectory to achieve its £250m underlying EBITDA target for the full year 2024 trading.” Period trading saw Kindred generate corporate …

Jake Pollard reports that an amendment introduced over the weekend will kick off the regulatory process that could see the last major western European market regulate its online casino sector.    The French government introduced an amendment over the weekend to regulate online casino and has set in motion the process that could see France become a regulated iCasino market, but …

Groupe Française des Jeux (FDJ) has reported revenue growth across all business segments ahead of incorporating the online gambling assets of Kindred Group Plc. On a year-to-date basis, the Paris Euronext gambling group’s corporate revenues stand at €2.09bn, up 12% compared to 2023 results of €1.87bn. French income, excluding international contracts and payment services, accounted for €1.9bn of corporate revenues …

With Française des Jeux (FDJ) completing its €2.5bn acquisition of Kindred Group, the French lottery giant is setting out on its road to become a “pan-European online gambling champion”. But the mood music surrounding the industry has shifted markedly since it first announced its bid for Unibet’s parent company in January 2024, with the situation complicated by the fact that …

Despite netting H1 growth, French stakeholders fear “monumental impact” of rumoured tax increases sought by new Prime Minster Michel Barnier France’s gambling GGR was up 3.8% to €5.5bn in the first half of 2024 compared with the same period last year, with FDJ recording a rise of 5.5% to €3.5bn in GGR and online sports betting operators’ GGR rising 10.5% …