FL Entertainment the parent group of Betclic has stated that strong levels of cross-sell from sports-led Betclic sites to online casino had led to 39% growth in non online sportsbook revenues. Question posed to the Amsterdam EuroNext media group asked FL Entertainment CEO François Riahi his view on the proposed €2.6bn takeover of Kindred Group by Groupe Française des Jeux …
Read More »
The Competition and Markets Authority (CMA) is investigating the acquisition of Sporting Index by Spreadex Limited and its impact on the UK’s spread betting market. The deal was announced in November 2023, with SpreadEx agreeing on ‘undisclosed terms’ with Groupe FDJ to acquire spread betting rival Sporting Index. On 15 January, the CMA announced that it had launched an inquiry, …
Read More »
Groupe FDJ states that it is back to its ‘intended Paris IPO trajectory’ following ‘very strong 2022 results’, benefitting from France’s post-COVID recovery and World Cup 2022 performance. Publishing its full-year 2022 results, FDJ achieved corporate revenues of €2.49bn, up 9% on FY2021 comparative results of €2.2bn. The Paris EuroNext group hailed an “exceptional environment” for all units that achieved …
Read More »
Groupe FDJ continues its M&A expansion, announcing that it has entered an agreement to acquire French racebook operator ZEturf Group. This morning FDJ notified investors that it had concluded negotiations with ZEturf leadership, settling on “a transaction valued at €175m”. Founded in 2001 by the Rohan Chabot family, ZEturf operates the ZEbet online racebook, which in 2004 was granted rights …
Read More »
Groupe FDJ has extended its international reach, striking agreements with the Israeli Sports Betting Board (ISBB) and Loterie Suisse Romande. The French national lottery and betting operator’s B2B brand, FDJ Gaming Solutions, will provide its ELITE terminals to the ISBB, Israel’s sports wagering monopoly. FDJ Gaming Solutions will deliver a total of 2,000 camera-based terminals to Israel’s sports betting retail …
Read More »
Groupe FDJ has reported a strong first half of the year, benefitting from the full recovery of its French lottery network, but also issued a warning on economic headwinds impacting the French economy. Publishing its H1 trading results, FDJ reported group revenues of €1.2bn, up 12% on corresponding 2021 results of €1.08bn. H1 trading saw FDJ generate total stakes (lottery …
Read More »
Groupe FDJ has disclosed to markets that it has entered ‘exclusive negotiations’ to acquire Aleda – the point-of-sale (POS) payments solutions provider for its Française des Jeux (FDJ) lottery network. Updating investors, FDJ outlined that the acquisition of Aleda formed part of the group’s ‘tech development strategy’ Previous corporate updates have seen group leadership underscore that FDJ will seek to …
Read More »
Groupe FDJ has announced the appointment of Philippe Lazare as a non-executive corporate advisor of the Paris Euronext gambling group. The French business figurehead will serve on FDJ’s corporate committee for governance, remuneration and appointments. Lazare (65) is the former Chief Executive and Chairman of leading French payment systems provider Ingenico (2007-to-2020). During his leadership tenure, Lazare is credited with …
Read More »
Française des Jeux (FDJ), France’s national lottery operator has launched the first edition of its ‘Coupe de France Elite Femmes’ pro-cycling competition, in partnership with the French Cycling Federation (FFC). A first of its kind event for women’s pro-cycling, the Coupe de France is an eight-round back-to-back multi-format race competition that will help Team France test cycling routes and prepare …
Read More »
Groupe FDJ has renewed its ‘Corporate Foundation’, expanding its responsibility charter to promote equal opportunities and social mobility across all components and stakeholders of its business. The board of FDJ has announced ‘a new five-year cycle’ of the Foundation that will be funded with a budget of €25 million – a 25% increase compared to the 2018-2022 charter. The Foundation …
Read More »
SBC News Voice of the Sports Betting Industry