Tag Archives: fdj

FDJ clears Swedish financial audit to proceed with Kindred €2.6bn buyout

SBC News FDJ clears Swedish financial audit to proceed with Kindred €2.6bn buyout

Groupe Française des Jeux (Groupe FDJ) has announced that it has received regulatory approval by Finansinspektionen, Sweden’s Financial Supervisory Authority, to proceed with its offer to acquire Kindred Group Plc. The Paris Euronext gambling group secures its Swedish market’s financial authorisation to formally launch its SEK 130 (€11.40) per share offer to acquire Stockholm-listed Kindred Group, a deal announced on …

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iCasino the main draw for France at ICE 2024

SBC News iCasino the main draw for France at ICE 2024

If Latin America was most often mentioned as the region of focus for both suppliers and operators during ICE London last week, when it came to France all the questions and industry chatter focused on whether online casino (or iCasino as the natives say) regulation was a real possibility in the near-to-medium term. This was perfectly illustrated during the roundtable …

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FDJ maintains growth as lotto loses shine in 2023

SBC News FDJ maintains growth as lotto loses shine in 2023

Groupe FDJ lauds its improved operating efficiencies to overcome a year of stagnant results in its flagship Française des Jeux (FDJ) lottery offering. This morning, the Paris Euronext gambling group published its full-year 2023 accounts, declaring corporate revenues of €2.61bn, up 6% on FY2022 comparative income of €2.46bn. Corporate leadership underlined new efficiencies achieved in 2023, as FDJ’s recurring EBITDA …

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Kindred counts cost of US withdrawal as FDJ demands Norway exit ahead of takeover

Nils Andén, Kindred CEO

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders set to vote on the future of the Stockholm online gambling group. The focus on cost controls is required as Kindred published its Q4 and full-year 2023 results this morning, revealing period corporate losses of £19m (Q42022: £52m). Full-year accounts see profits ‘before tax’ decline …

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Kindred hails improved customer interventions in latest Journey to Zero update

SBC News Kindred hails improved customer interventions in latest Journey to Zero update

Kindred Group Plc cites that improved customer interventions have led to a ‘slight decrease’ in revenue share generated from harmful gambling, recorded during the close of 2023. The Stockholm-listed gambling group continues to report on responsible gambling metrics and customer interventions on a quarterly basis as part of its ‘Journey towards Zero’- a social responsibility initiative launched in February 2021.  …

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ANJ to prioritise player protection in 2024-26 strategy

Isabelle Falque-Pierrotin, ANJ

France’s gambling regulator Autorité Nationale des Jeux (ANJ) has placed reducing excessive gambling and the protection of minors at the heart of its 2024-26 strategic plan and has called on all economic and institutional stakeholders to work alongside it to reach those targets. ANJ’s plan marks the end of its first cycle of regulation since it succeeded ARJEL as industry …

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FDJ puts Europe on notice with Kindred move

SBC News FDJ puts Europe on notice with Kindred move

The news that the board of Unibet’s parent company Kindred Group has approved a €2.6bn cash offer from La Française des Jeux (FDJ) comes at a crucial time for the online gambling industry in France, and further rocks the competitive landscape of European gambling across all verticals… For FDJ the announcement follows its acquisitions of Premier Lotteries Ireland and ZEturf …

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Kindred closes tough 2023 on stable results as key investors back FDJ takeover

SBC News Kindred closes tough 2023 on stable results as key investors back FDJ takeover

Kindred Group Plc has detailed improved financial results and corporate KPIs, closing full-year 2023 trading. The board of the Stockholm-listed online gambling group published a preliminary trading update due to the €2.6bn takeover offer tabled this morning by Groupe Française des Jeux (Groupe FDJ). Q4 results saw Kindred achieve period revenues of £313m, reflecting a 2% increase on 2022 comparatives …

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French casinos call out FDJ in letter to PM Attal

SBC News French casinos call out FDJ in letter to PM Attal

France’s largest casino groups have written to the new Prime Minister Gabriel Attal excoriating Française des Jeux (FDJ) for its aggressive expansionary policies and the “monopolistic advantages” that enable the former state-owned company to operate across all verticals and channels in the country. The letter, seen by the newspaper Les Echos, was signed by the CEOs of the Barrière, Partouche, Tranchant …

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