{"id":223794,"date":"2022-07-29T09:33:48","date_gmt":"2022-07-29T14:33:48","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=223794"},"modified":"2022-07-29T11:44:56","modified_gmt":"2022-07-29T16:44:56","slug":"french-gaming-operator-fdj-purchases-hospitality-platform","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/french-gaming-operator-fdj-purchases-hospitality-platform\/","title":{"rendered":"French Gaming Operator FDJ Purchases Hospitality Platform"},"content":{"rendered":"

French gaming operator Fran\u00e7aise des Jeux<\/a> (FDJ) is expanding beyond its borders. In an attempt to branch out and seek new investment opportunities, it will purchase L\u2019Addition, a company serving the hospitality industry.<\/p>\n

\"Fran\u00e7aise
A sign for French gaming and lottery operator Fran\u00e7aise des Jeux. The company is expanding into other retail commercial areas as its revenue increases. (Image: Les Echos<\/em>)<\/figcaption><\/figure>\n

FDJ announced the acquisition yesterday, acknowledging that it is an effort to strengthen its retail services arm. Like FDJ, L\u2019Addition is headquartered in France, with 70 employees in Paris and Bordeaux. It offers management, point of sale, and payment solutions for cafes, hotels, and restaurants.<\/p>\n

The 10-year-old company has a prominent place in the French market, according to FDJ\u2019s announcement, and is present in more than 10,000 establishments in the country. This was a primary factor in the operator\u2019s decision to purchase it.<\/p>\n

FDJ Seeks Greater Retail Presence<\/h2>\n

FDJ has its roots inside the French government, which initially introduced it as a state-run lottery operator in 1933. In 2019, the government sold<\/a> most of its stake for around $2.2 billion, retaining only around 21%.<\/p>\n

\n

The company has since morphed into a number of retail segments. As a result, the purchase of L\u2019Addition will strengthen FDJ\u2019s position in the retail market.<\/p>\n<\/div>\n

Earlier this month, FDJ announced that it was negotiating the purchase of Aleda, a collection and payments solutions company. Adding to that the L\u2019Addition acquisition, and FDJ is optimistic that it can become a leading payments and services provider.<\/p>\n

[L\u2019Addition\u2019s] success is based on its comprehensive and scalable management services platform, its innovation strategy, its proximity to commercial users, and its ability to continuously ensure the operation of a point of sale without data loss<\/strong>,\u201d said FDJ in a statement.<\/p><\/blockquote>\n

As a result of the purchases, FDJ is showing that it can excel at online gaming and sports betting, as well as other consumer activities. In the statement, it explained that the acquisitions highlight the company\u2019s goal of being a leading supplier to the retail industry, specializing in operational management and the development of points of sale.<\/p>\n

2022 Revenue Climbs<\/h2>\n

FDJ reported a year-on-year handle increase of nearly 10% over the first half of 2022. Part of the increase was because of last year\u2019s closures in response to COVID-19. At the time, one-tenth of its land-based betting shops were closed.<\/p>\n

The company took in \u20ac10 billion (US$10.15 billion) from January to June. Its turnover, including the net income from gaming and other activities, increased by 12.1% to \u20ac1.21 billion (US$1.22 billion). Like the handle comparison, this improvement suffers from the pandemic. Health restrictions only began to see significant changes in June of last year.<\/strong><\/p>\n

Over the first six months of the current year, FDJ showed \u20ac160 million (US$162.5 million) in net profit. That’s an increase of 9.6%. EBITDA (earnings before interest, taxes, depreciation and amortization) and amounted to \u20ac308 million (US$312.9 million). This is a year-on-year increase of 18%, which represents a margin of 25.4%, compared to 24.1% in the first half of 2021.<\/p>\n

\n

The lottery was the big winner, producing revenue of \u20ac946 million (US$960.38 million), up 17%. However, \u00a0sports betting revenue fell 5% to \u20ac232 million (US$235.52 million).<\/p>\n<\/div>\n

Likewise, sports betting stakes dropped 10.9%, closing at \u20ac2.02 billion (US$2.05 billion). This was due, in part, to the lack of sports activity in the second quarter of the year.<\/p>\n

After crunching all of the numbers, FDJ was able to show positive results. Net profit for the half closed at \u20ac159.5 million (US$162.11 million), a 9.5% increase over last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

French gaming operator Fran\u00e7aise des Jeux (FDJ) is expanding beyond its borders. In an attempt to branch out and seek new investment opportunities, it will purchase L\u2019Addition, a company serving the hospitality industry. FDJ announced the acquisition yesterday, acknowledging that it is an effort to strengthen its retail services arm. Like FDJ, L\u2019Addition is headquartered […]<\/p>\n","protected":false},"author":64,"featured_media":223793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[81919,13701,13720],"acf":[],"yoast_head":"\nFrench Gaming Operator FDJ Purchases Hospitality Platform - Casino.org<\/title>\n<meta name=\"description\" content=\"French gaming operator Fran\u00e7aise des Jeux (FDJ) is expanding beyond its borders. 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