Tag Archives: france

FDJ ups corporate guidance in preparation for action packed 2020

French lottery operator Française des Jeux (FDJ) has declared a ‘landmark year’ after publishing its first set of corporate results as a Paris Euronext Exchange enterprise. Citing growth across ‘all lottery verticals’, FDJ recorded a 9% increase in stakes to €17.2bn (FY2018: €15.8bn). FDJ said that it is now operating its largest point-of-sale network with a capacity of +30,000, leading …

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Industry eyes movements of freed FDJ giant

Industry observers will be monitoring closely the first publication of Française des Jeux (FDJ) corporate results as a public enterprise, scheduled for release on Thursday 13 February 2020. Closing 2019, the French government hailed the success of FDJ’s oversubscribed IPO on the Paris Euronext Exchange, as the French lottery operator doubled its corporate valuation to €3.8 billion. Raising capital of …

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Growth hungry FDJ acquires Bimedia ‘point-of-sale’ network

A newly privatised Française des Jeux (FDJ) has moved to strengthen its retail services by sanctioning a buyout of French payment solutions provider Bimedia. The newly listed Paris Exchange gambling enterprise confirms that it has ‘entered an agreement’ with European private equity fund Idinvest Partners to acquire its Bimedia asset for ‘less than €50 million’. Updating investors, FDJ governance states …

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Skrill launches ‘Knect’ next-level rewards programme

Skrill has launched its ‘Knect’ customer loyalty programme including the most comprehensive rewards scheme for modern digital consumers and merchants. The Paysafe Group subsidiary details that its new Knect programme has been developed to reward customer loyalty with Skrill partners by providing players with further value on their payment transactions. The Knect programme allows Skrill customers to earn points for using …

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En Marche hails FDJ’s IPO success

France’s Economic & Finance Minister Bruno Le Maire has hailed the public listing of Française des Jeux (FDJ) as a success for the government’s ‘Pacte Loi’ enterprise mandate – as FDJ secures a share subscription to date of over €1 billion on the Paris Euronext Exchange. FDJ’s stock went live on Friday 8 November, with the French government adding listing terms …

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Home market adjustments impact Kindred’s YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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En Marche sanctions FDJ IPO inbound for November

Bruno Le Maire, France’s Economic & Finance Minister, has confirmed that the En Marche government will maintain its ‘Pacte Loi’ agenda, authorising for the IPO of Française des Jeux (FDJ) to take place from 7-20 November. Confirming En Marche’s first privatisation, Le Maire has sanctioned for FDJ to list its shares on the Paris Euronext exchange as the French state sells …

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Revived PMU posts back-to-back racing growth

France’s Pari Mutuel Urbain (PMU) details confidence in its ‘revitalisation programme’ reporting consecutive growth quarters for its racing vertical. Updating PMU stakeholders this week, Chief Executive Cyril Linette revealed that French racing wagers during Q2 and Q3 trading had consecutively grown by 0.5% to €1.9 billion, an outcome that the PMU last witnessed in 2011. Despite a tough opening to …

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Betclic nets lead sponsorship of FFVB France Volleyball

Betclic Group continues to broaden its sponsorship portfolio and wider sports commitment, after confirming that it has become the lead sponsor of The French Volleyball Federation – FFVB. The sponsorship secured through Paris-based sports marketing agency Oconnection sees Betclic replace US nutri-supplements provider Herbalife as official shirt sponsor of Team France Volleyball for both men and women’s sides. Betclic sponsors the …

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French casino trade union demands ‘hard games protections’ on FDJ sale

French casino trade union ‘Casinos de France’ has written to the En Marche government demanding that its planned sale of state-owned gambling/lottery operator Francaise des Jeux (FDJ) be undertaken on specific terms which do not hinder national casino incumbents. The trade union, which represents staff working across forty French private/independent casino operators including Groupe Barrière, Partouche and Tranchant, states that FDJ’s …

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