Turnover: 2.6 billion EUR (2023)
Country: France
La Française des Jeux (FDJ) was founded in 1976 and holds a state monopoly on lottery games in France.
Specialized in drawing games with the Loto, it has diversified into scratch cards and sports betting.
The group comprises 16 companies, generating around 50% of France's gross gaming revenue, i.e. €20 billion by 2022
Sports betting accounted for around 18% of FDJ bets on 23 sports.
FDJ sports bets can be placed via the group's network of sales outlets under the ParionsSport brand and on the Internet via the ParionsSport website.
The company has acquired Zturf, a company specializing in horse racing betting
News
Gambling: casinos worried about Unibet joining FDJ | Casinos worried about Unibet joining FDJ 17/09/2024
- - In addition to its monopoly activities (lottery and sports betting at points of sale), FDJ is extending its activities into the competitive gambling sector, including online horse and sports betting, following the acquisition of Kindred (Unibet's parent company) and ZEturf.
- - FDJ must maintain a clear separation between its monopoly and competitive activities, including the Kindred deal. - Separate websites or applications for each type of activity.
- - Player accounts specific to each activity, with no gateway between them.
- - Prohibition on reconstituting a customer database for monopoly activities intended for competitive offers.
- - Marketing of competitive games under own brand(s).
- - Outcry from Casinos de France, which questions the concentration of players around FDJ and will be vigilant to ensure that commitments are respected.
- - Concern that the acquisition of Kindred (operator of online casinos in certain countries) could give FDJ a head start in the online gambling sector, particularly if France were to legalize online casinos.
FDJ launches Nirio banking offer 30/04/2024
- - Use of the Nirio application to pay certain bills or rent
- - Premio offer price per year: 29.90 euros
- - Deposit limit at a tobacconist's: 1,500 euros per month
- - Target group for the new service: around six million people struggling to make ends meet
- - Number of retailers authorized to roll out Nirio Premio: around 5,000 (out of 10,000 retailers offering the Nirio service)
Stéphane Pallez reappointed head of Française des Jeux 26/04/2024
- - FDJ reported an increase in earnings in 2023, positively influenced by several factors.
- - FDJ's sales in 2023 totaled 2.62 billion euros, up 6.5% on the previous year.
- - Net income rose significantly, by 38% to 425 million euros.
- - This growth was driven in particular by the acquisition of the Irish lottery and betting operator ZEturf, as well as by strong momentum in sports betting and online gaming.
- - In January, the Group made a major announcement concerning the launch of a takeover bid for Kindred, the parent company of operator Unibet.
- - Development strategy, to diversify and invest in new market segments, notably online casinos.
FDJ growth boosted by poker and sports betting 15/02/2024
- - Total stakes for Française des Jeux (FDJ) in 2023: 21 billion euros.
- - FDJ sales in 2023: 2.6 billion euros, an increase of 2.8% on 2022 (on a like-for-like basis), and 6.5% including its two previous acquisitions.
- - The lottery business suffered a 25% decline due to the reform of the Amigo game.
- - Euromillions activity declined due to a low number of high jackpots.
- - Lottery sales (including scratch cards) up 1.1% (total 1.9 billion euros), or 4.9% excluding Euromillions and Amigo.
- - Online gaming sales rose by 10.9%, 8.4% excluding the contribution of ZEturf.
- - Share of online gaming (including lottery) increased from 11% to 13% of Net Gaming Revenue in 2023.
Française des Jeux launches takeover bid for Kindred 22/01/2024
- La Française des Jeux (FDJ) launches a takeover bid for online gaming operator Kindred, valued at 2.6 billion euros.
- Kindred is a major player in online betting and gaming in Europe.
- Kindred Group is one of the world's leading online gaming operators, with operations in Europe, North America and Australia.
- The group has around 30 million customers across 9 brands.
- Kindred employs around 2,500 people and is listed on Nasdaq Stockholm Large Cap.
- In 2023, FDJ announced the acquisition of the Irish national lottery operator, Premier Lotteries Ireland (PLI), for an enterprise value of 350 million euros.
FDJ plans to acquire Unibet's parent company for €2.6 billion 22/01/2024
- The Française des Jeux (FDJ) group is planning a €2.6 billion takeover bid for Kindred.
- This takeover would be the largest transaction in FDJ's history.
- Following this operation, FDJ would become the third largest sports betting and online gaming operator in France.
- Sports betting and online gaming activities will account for 19% of the French company's Gross Gaming Revenue (GGR), compared with just 2% today.
- Kindred, a company listed on the Stockholm Stock Exchange, is present in Europe, North America and Australia.
- Kindred employs 2,500 people, owns nine brands and has over 30 million customers.
- FDJ has recently acquired several other companies, including ZeTurf, Irish lottery operator PLI, Sporting Group, L'Addition, and Aleda.
FDJ acquires Irish lottery operator. 28/07/2023
- Acquisition of Premier Lotteries Ireland (PLI) by Française des Jeux (FDJ) at a value of 350 million euros.
- PLI has exclusive rights to operate the Irish National Lottery until 2034.
- The vast majority of bets are placed at points of sale (85%), while PLI's digital bets account for 15% of the total.
- In 2022, PLI generated sales of 140 million euros. PLI's Ebitda margin is comparable to FDJ's, at 24%.
- FDJ's gross gaming revenue was €3.3 billion (+2.4%). FDJ's sales totaled €1.3 billion, up 6.3%.
- FDJ's digital wagering grew significantly (+13.3%) and now accounts for 13% of the total.
- FDJ posted net income of €181 million, up 13.5%.
La Française des Jeux prepares its offensive in Web3 and NFT 18/06/2023
- In March, PMU announced the successful sale of its first virtual cards for its NFT-based Stables game.
- La Française des Jeux (FDJ) is preparing several offers for the Web3 community and plans to launch a completely free game in the The Sandbox metaverse.
- FDJ plans to launch a new NFT-based game called "Ultimate numbers" by the end of the year.
- The FDJ Ventures venture capital fund has around €100 million at its disposal and invests in 4 or 5 start-ups each year, most of which specialize in new technologies.
- FDJ will invest around €10 million in the development of Web3 solutions.
La Française des Jeux has set up a rent payment service at tobacconists. 29/01/2023
- The service is available to tenants of four major social landlords: Seqens, Dynacité Logement (Rhône-Alpes), Côte d'Azur Habitat and Limoges Habitat (150,000 households in 650 communes)
- 9,000 retailers have registered to offer this service to their customers
- Since 2020, FDJ has been offering to pay fines and taxes at its sales outlets
FDJ sets its sights on ZEturf and the online horse betting market 19/09/2022
- ZEturf is the second-largest operator in the French online horse betting market
- PMU has a market share of around 20% in online horse betting in France
- ZTurf also operates under the ZEbet brand, dedicated to online sports betting
La Française des Jeux confirms its momentum and strengthens its position in payments 28/07/2022
- The French group reported a solid first-half performance, with net income up by almost 10% to 160 million euros
- The company announced the acquisition of L'addition, a company specializing in management, collection and payment solutions for cafés-hotels-restaurants
- It also announced the acquisition of two companies specializing in management and payment software
- La Française des Jeux maintains its momentum and confirms its sound financial health. In the first six months of the year, net gaming revenue and income from other activities totaled 1.2 billion euros, up 12.1% on the first half of 2021
- Stakes exceeded 10 billion euros
- Gross gaming revenue on the Internet totaled 1.2 billion euros
Financial Data
DUNS: 315065292
Legal Name: LA FRANCAISE DES JEUX
Address: 3 QUAI DU POINT DU JOUR 3-7, 92100 BOULOGNE-BILLANCOURT
Number of employees: Entre 1 000 et 1 999 salariés (2021)
Capital: 76 400 000 EUR
Financial Data:
| Year | 2022 | 2021 | 2020 | 2016 |
|---|---|---|---|---|
| Turnover | 2 406 300 000 | 2 215 600 000 | 1 885 200 000 | 1 687 156 000 |
| Gross margin (€) | 2 441 000 000 | 2 234 300 000 | 1 910 400 000 | -420 805 648 |
| EBITDA (€) | 602 200 000 | 524 500 000 | 428 900 000 | 294 428 000 |
| Operating profit (€) | 487 500 000 | 415 300 000 | 344 300 000 | 252 109 000 |
| Net profit (€) | 304 000 000 | 285 600 000 | 215 400 000 | 145 789 000 |
| Turnover growth rate (%) | 8,6 | 17,5 | -2,3 | - |
| Ebitda margin rate (%) | 25 | 23,7 | 22,8 | - |
| Operating margin rate (%) | 20,3 | 18,7 | 18,3 | - |
| Working Capital (turnover days) | -147,2 | -173,2 | -181,7 | - |
| Working Capital requirements (turnover days) | 4,9 | 0,4 | 15,9 | - |
| Net margin (%) | 12,6 | 12,9 | 11,4 | - |
| Added value / Turnover (%) | 34,6 | 33,2 | 33,4 | - |
| Wages and social charges (€) | 192 400 000 | 173 600 000 | 162 900 000 | 122 095 000 |
| Salaries / Turnover (%) | 8 | 7,8 | 8,6 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président du conseil d'administration et directeur général | Stephane, Emmanuele | Pallez | 65 | |
| Directeur général délégué | Charles | Lantieri | 63 | |
| Administrateur | Francoise, Dominique, Raymonde | Gri | 66 | |
| Administrateur | Charles | Sarrazin | 50 | |
| Administrateur | Xavier | Girre | 55 | |
| Administrateur | Didier | Trutt | 64 | |
| Administrateur | Ghislaine | Mimoun | 57 | |
| Administrateur | Corinne, Rachel | Lejbowicz | 64 | |
| Administrateur | Fabienne, Isabelle | Dulac | 57 | |
| Administrateur | Philippe | Lazare | 68 | |
| Autre | David | Chianese | 55 | |
| Autre | Agnes | Lyon-caen | 55 | |
| Autre | Didier | Pitisi | 58 |
Studies mentioning this company
The online sports betting market - France
Other companies mentioned:
- Unibet.com
- Betclic Group
- Winamax
- ZEbet Zeturf
- Bwin
- JOA groupe (JOA on line)
- BetStars
- NetBet
- France Pari
- Vbet
- Genybet
- EuroSportBet
- Française des Jeux FDJ
- PMU Pari Mutuel Urbain
- Feelingbet
- Parions Sport
- Partouche Sport
The online payment market - France
Other companies mentioned:
- Worldline
- Stripe
- Paypal
- Groupement des cartes bancaires CB
- Mastercard
- Visa
- Google Pay
- Apple Pay
- Alipay
- Lydia
- Crédit Agricole Groupe
- Revolut
- Lyra Networks
- Nickel
- Crédit Mutuel
- Preludd Payment
- RubyPayeur (Atradius Collections)
- Gcollect
- Orange Bank
- Pledg (Credit Agricole)
- Française des Jeux FDJ
- Wero European Payments Initiative
- Natixis Groupe BPCE
- Shine Banque
- Leetchi (Arkéa)
- Edenred Groupe
- Swile
- Budget Insight
- Spendesk