FDJ is set to acquire Kindred, enhancing its market share in the online gaming sector and projecting combined revenues of approximately €3.5 billion.
Target Information
La Française des Jeux (FDJ) is the leading gambling and lottery operator in France, reporting a revenue of €1.428 billion for the first half of 2024, an increase of 11% compared to the same period in 2023. The company attributes substantial growth to its digital operations, with revenues from online betting and gaming skyrocketing by 15% to €294 million, supported by favorable sports results. Instant games also contributed to the increase, with lottery sales reaching €1.005 billion, a growth of 5%.
In addition to strong operational performance, FDJ aims to finalize its acquisition of Kindred, which is expected to enhance its competitive position in the online gaming sector. The acquisition comes as part of FDJ's strategic goal to expand internationally and strengthen its online gaming activities, which currently account for 15% of total revenue.
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Industry Overview in France
The gambling industry in France is experiencing robust growth, driven by an increasing acceptance of online gaming and a diversified service offering. With regulations evolving to facilitate competition, ope
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La Française des Jeux (FDJ)
invested in
Kindred
in 2024
in a Other deal
Disclosed details
Revenue: $1,428M
EBITDA: $370M
EBIT: $285M
Net Income: $213M