Stéphane Pallez has shared her ‘immense pride’ at unveiling FDJ United as the new corporate identity of the global Française des Jeux (FDJ). The launch of FDJ United was formally announced on 6 March, coincided with the Paris Euronext gambling publishing its FY2024 results. Changes announced following the enlargement of FDJ, completing its €2.5bn acquisition of Kindred Group, will see …
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FDJ lauds ‘United identity’ as leadership ranks prepare to tackle early 2025 challenges
Française des Jeux (FDJ) has begun a ‘historic chapter’, transforming its corporate identity to ‘FDJ United’ to reflect its enlarged business, which now comprises the four units of French Gambling, European Online Gaming, International Lotteries, and IT & Payments technology. This transformation coincides with the publication of FDJ’s full-year 2024 accounts, which saw the Paris EuroNext gambling group maintain growth across …
Read More »FDJ projects new heavyweight status to end 2024 trading
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 …
Read More »FDJ completes Kindred deal to transform into ‘Europe’s Champion’
La Française des Jeux (FDJ) has declared to the markets that investors of Kindred Group Plc have accepted its offer to acquire the Stockholm-listed online gambling group. On 2 October, the final day of the offer period, FDJ was authorised to acquire 196 million of Kindred’s Swedish depositary receipts, taking ownership of +90.66% of the group’s capital. Prior to the …
Read More »FDJ lauds online growth as CEO Pallez zones in on Kindred takeover
Française des Jeux’s (FDJ) H1 revenue climbed 11% YoY to €1.4bn thanks to contributions from Zeturf and Premier Lotteries Ireland (PLI) and a 15% rise in its online betting and gaming activities to €294m that were boosted by “exceptionally favourable” sports results. The Zeturf and PLI acquisitions helped the group’s digital revenues rise 40% to €201m (+25% like-for-like) thanks to …
Read More »FDJ matches Q1 expectations ahead of Kindred takeover
Française des Jeux (FDJ) Chairwoman and CEO Stéphane Pallez has praised the group’s first quarter performance as online sports betting and gaming revenues rose 9.5% YoY to €141m as overall group revenues rose 7% to €710m and that it was “confidently pressing ahead” with its proposed €2.4bn acquisition of Unibet parent Kindred Group. Updating markets, FDJ noted that completion of …
Read More »Pallez determined for FDJ to expand beyond France
Française des Jeux (FDJ) will continue to focus on the international development of its lottery and online sports betting and gaming activities to enable the group to become “a leading international gaming” business in 2024 and beyond. Writing in FDJ’s annual report, CEO Stéphane Pallez said the group has set itself the aim to “deploy our strategy with determination” in …
Read More »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 …
Read More »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 …
Read More »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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