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Business
March 10, 2025
French Traditionalists Scrutinize FDJ UNITED’s New Identity
Coming just a few months after its acquisition of European gaming powerhouse Kindred, French lottery and betting giant FDJ embraced a new brand identity, renaming its business to FDJ UNITED. Although this change was meant to reflect the company’s foray into the world of European gaming, it was profoundly scrutinized by French traditionalists. Critics Do […]
Business
March 6, 2025
FDJ Rebrands as FDJ UNITED, Posts Impressive 2024 Financials
La Française des Jeux (FDJ), the operator of France and Ireland’s national lotteries, has published its latest financial report, highlighting strong 2024 results. In addition to that, the company unveiled a new identity, rebranding itself to FDJ UNITED. FDJ Ends 2024 on a Strong Note According to FDJ UNITED, its acquisition of Kindred was a […]
Business
March 6, 2025
FDJ Restructures Executive Team and Business Units
Française des Jeux (FDJ) has announced a major reorganization of its executive leadership and operational structure following its acquisition of Kindred Group. The move is part of a broader strategy to strengthen its position in the European gambling market while advancing its digital transformation and international expansion. FDJ Reshapes Operations with Four Key Divisions and […]
Business
October 23, 2024
FDJ Initiates Squeeze-Out to Complete Full Takeover of Kindred
La Française des Jeux (FDJ), France’s and the Republic of Ireland’s operator of national lottery games, has begun the squeeze-out process to acquire the remaining shares of Kindred Group, solidifying its path toward full ownership. This follows the successful completion of its €2.45 billion ($2.64 billion) acquisition earlier this month, which saw FDJ secure control […]
Business
October 18, 2024
FDJ Posts YTD Results as Moody’s Reiterates Good ESG Rating
La Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion” with a diversified and balanced profile. FDJ reported year-to-date revenue of EUR 2.01 billion ($2.18 […]
Business
October 17, 2024
Kindred Publishes Financial Update as Part of FDJ’s Takeover
Online gaming operator Kindred Group, has published a new financial update as part of its tender offer by the French national lottery operator La Française des Jeux (FDJ). Kindred is set to publish its full report on October 25. The Results Are in Line with Earlier Projections Kindred noted that the publication of its unaudited […]
Business
September 18, 2024
FDJ Secures Regulatory Approvals for Kindred Takeover, Sets Closing Date to October 2
La Française des Jeux (FDJ) is proceeding with its acquisition of Kindred Group. Having cleared all regulatory approvals, the former company provided a closing date for the deal. The French operator, however, must still secure additional approvals from Kindred’s investors. FDJ Will Close the Deal on October 2 The French group said that it has […]
Business
September 16, 2024
France Outlines Conditions for FDJ’s Acquisition of Kindred
The French competition regulator has approved the deal as long as FDJ agrees to follow certain conditions. FDJ to Keep Its Monopoly and Competitive Businesses Separate France seems favorable of FDJ’s takeover of Kindred, provided that the two companies agree to follow a number of conditions. In the wake of its first investigation into the […]
Business
August 2, 2024
Betsson to Acquire Sporting Solutions, In Line with M&A Strategy
Betsson is set to acquire Sporting Solutions, a UK-facing B2B firm that provides operators with cutting-edge sports betting technology. The acquisition, Betsson highlighted, will not disrupt the provision of products to the supplier’s existing partners. The Deal Will Reinforce Betsson’s Business Sporting Solutions was founded in 2007 and has a strong presence in the United […]
Business
July 26, 2024
FDJ Posts H1 Report, Refutes Kindred Deal Concerns
La Française des Jeux (FDJ) has published its H1 results, posting an increase in gaming revenue. In the meantime, the company’s chief financial officer addressed the looming acquisition of Kindred Group. FDJ’s H1 Results Were in Line with Expectations FDJ’s H1 report highlighted revenue of EUR 1.4 billion ($1.5 billion), marking an 11% increase year-on-year. […]
