{"id":7618,"date":"2024-07-29T06:41:07","date_gmt":"2024-07-29T06:41:07","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/07\/29\/fdjs-strong-h1-results-and-anticipated-kindred-acquisition\/"},"modified":"2024-07-29T06:41:07","modified_gmt":"2024-07-29T06:41:07","slug":"fdjs-strong-h1-results-and-anticipated-kindred-acquisition","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/07\/29\/fdjs-strong-h1-results-and-anticipated-kindred-acquisition\/","title":{"rendered":"FDJ\u2019s Strong H1 Results and Anticipated Kindred Acquisition"},"content":{"rendered":"<div>\n<p>The H1 figures from La Fran\u00e7aise des Jeux (FDJ) reveal a notable increase in gaming revenue. The business had an 11% year-over-year rise in revenue, coming in at EUR 1.4 billion ($1.5 billion).<\/p>\n<p>Nearly EUR 1.3 billion ($1.4 billion) of that amount came from gaming in France, a 7% rise over the previous year. The majority, or almost EUR 1 billion ($1.1 billion), came from lottery revenue, which increased by 5% thanks to outstanding results in instant and draw games. Revenue from <a href=\"https:\/\/igaming.org\/sports\/section\/basics-of-sportsbetting\/\">sports betting<\/a> increased significantly as well, reaching EUR 294 million ($319 million).<\/p>\n<p>Additionally, FDJ\u2019s digital revenue surged by 40% year-on-year to EUR 201 million ($218 million), attributed to a boost in active players. Recurring EBITDA climbed 23% to EUR 370 million, with a margin of 25.9%, and adjusted net profit for the period was EUR 235 million, up 28%.<\/p>\n<p>St\u00e9phane Pallez, FDJ\u2019s chair and CEO, stated, <em>\u201cThis solid performance confirms our annual targets. In addition, we hope to finalize the acquisition project of Kindred in the near future, thereby marking a major new step in the Group\u2019s development, both internationally and in our online sports betting and gaming activity, to the benefit of all our stakeholders.\u201d<\/em><\/p>\n<h2><strong>Acquisition of Kindred Group<\/strong><\/h2>\n<p>FDJ is also moving forward with its planned acquisition of Kindred Group. During the company\u2019s analyst call, Chief Financial Officer Pascal Chaffard addressed concerns about the potential market impact, asserting that the acquisition would not monopolize the French lottery and betting market.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Although some have suggested that this agreement may impede competition, Chaffard refuted these assertions. He clarified that FDJ will not be the biggest operator in France even with Kindred. Rivals like Winamax and Betclic, with a combined market share of about 60%, would continue to be in the lead.<\/p>\n<p>Chaffard also emphasized the differences between FDJ\u2019s betting and lottery businesses, pointing out that they serve different player categories and use different consumer wallets.<\/p>\n<p>Later this year, Kindred\u2019s acquisition is expected to conclude, which will represent a major growth for FDJ in the online and international sports betting markets.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/fdjs-strong-h1-results-and-anticipated-kindred-acquisition\/\">FDJ\u2019s Strong H1 Results and Anticipated Kindred Acquisition<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The H1 figures from La Fran\u00e7aise des Jeux (FDJ) reveal a notable increase in gaming revenue. The business had an 11% year-over-year rise in revenue, coming in at EUR 1.4 billion ($1.5 billion). Nearly EUR 1.3 billion ($1.4 billion) of that amount came from gaming in France, a 7% rise over the previous year. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7618","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7618"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7618\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}