FDJ expecting boost from acquisitions amid latest revenue figures

Home » FDJ expecting boost from acquisitions amid latest revenue figures

French operator La Française des Jeux has reported revenue to the end of September of €1.9bn, up one per cent and five per cent excluding Amigo and Euromillions.

The lottery recorded €1.4bn in sales, down one per cent but up three per cent excluding Amigo and Euromillions.

FDJ said the decrease in Amigo revenue was due to a new game formula requested by the French regulator, with a “sharp drop” in the number of high jackpot draws affecting Euromillions revenue.

However, sports betting and online gaming continued to perform well for FDJ, with revenue up nine per cent to €360m.

The group said the acquisitions of ZEturf and Premier Lotteries Island will “strengthen” its model from Q4 onwards.

Stéphane Pallez, chairwoman and CEO of FDJ Group, said: “Our growth remains solid with strong players’ demand, even though it has been affected by the low number of Euromillions high jackpot draws.

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“At the same time, the completion of the acquisition of ZEturf at the end of September and the forthcoming closing of Premier Lotteries Ireland acquisition in November illustrate our strategy of internationalisation and diversification.

“We are delighted that the teams of these two operators are joining FDJ and that these operations will contribute to the group’s sustainable and profitable growth.”

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