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Gambling News - 'Fdj'
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. […]
Industry
April 26, 2024
FDJ Reappoints Pallez as Chair & CEO, Unveils Share Buyback
La Française des Jeux (FDJ), France’s leading gambling operator, recently held its Annual and Extraordinary Ordinary General Meeting. During the meeting, the operator’s shareholders voted to reelect Stéphane Pallez as chair and CEO. Stéphane Pallez has headed FDJ as chief executive officer since 2014 and has played a key role in the company’s growth. Since […]
Business
April 18, 2024
FDJ Posts Q1 Results, Confirms Readiness to Acquire Kindred
La Française des Jeux (FDJ), France’s leading gaming operator, has published its Q1 results, reporting an increase in revenue. The group experienced significant growth across several segments and reaffirmed its acquisition of Kindred Group. Gaming revenue in France reached EUR 645 million ($688 million), up 3% year-on-year. Total revenue for Q1 2024, on the other […]
Business
February 20, 2024
FDJ Reportedly Considers Divesting Sporting Solutions
La Française des Jeux (FDJ), the premier lottery and sports betting operator in France, confirmed earlier this week that it will officially launch its public tender offer for Kindred Group. The announcement came after its blockbuster $2.5 billion bid was approved by the Swedish gambling regulator with the company confirming that the offer is expected […]
Industry
February 19, 2024
FDJ to Officially Launch Public Tender Offer for Kindred
France’s premier lottery and sports betting operator, La Française des Jeux (FDJ), announced that its takeover proposal for Kindred Group has been approved by the Swedish regulator. As a result, the French betting powerhouse will launch its offer on February 20. According to FDJ, its offer document secured the official approval of the Swedish Financial […]
Business
February 15, 2024
FDJ Reports Solid Growth and Strong Results for 2023
France’s leading lottery and betting operator, La Française des Jeux (FDJ), released its latest financial update, highlighting strong growth of revenue and recurring EBITDA for 2023. The report, released Wednesday, reveals the company reported €2.62 billion ($2.82 billion) in revenue, a result that marked a year-over-year increase of 6.5%. A breakdown provided by FDJ confirmed […]
Business
January 24, 2024
Amid FDJ Takeover Bid, Capital Research Reduces Shares in Kindred
Capital Research and Management Company, a subsidiary of The Capital Group Companies, Inc., reduced its shares in Kindred Group. On Wednesday, Kindred confirmed that it received notification about the reduced number of shares and voting rights by Capital Research and Management Company. Per the notification, as of January 22, 2024, Capital Research and Management Company […]
Business
January 22, 2024
FDJ Explores Blockbuster $2.5B Deal to Acquire Kindred Group
France’s premier lottery and sports-betting operator, La Française des Jeux (FDJ), is on the verge of clinching a monumental deal to acquire the Stockholm-listed Kindred Group for approximately $2.5 billion. Kindred Group Purchase Signals Ambitious Online Gambling Expansion for FDJ FDJ, a dominant force in France’s lottery and offline sports betting arena is seeking to […]
Business
November 6, 2023
FDJ Completes PLI Acquisition, Expands International Presence
La Française des Jeux (FDJ) has completed its acquisition of Premier Lotteries Ireland (PLI). Valued at over $400 million, the deal will expand FDJ’s presence in Europe and turn it into a major international company. The deal was originally announced this summer when FDJ unveiled its plans to acquire PLI’s entire share capital. PLI is […]
Business
October 20, 2023
FDJ Reports 4% Revenue Growth for First Nine Months of 2023
Française des Jeux (FDJ), the leading Frech lottery operator, released its latest trading update Thursday, revealing insights regarding its performance for the third quarter and first nine months of the year. Overall, the reported revenue for the third quarter of this year halted at €586 million ($620.5 million). This result, when compared to the corresponding […]