Tag Archives: En Marche

En Marche hails FDJ’s IPO success

France’s Economic & Finance Minister Bruno Le Maire has hailed the public listing of Française des Jeux (FDJ) as a success for the government’s ‘Pacte Loi’ enterprise mandate – as FDJ secures a share subscription to date of over €1 billion on the Paris Euronext Exchange. FDJ’s stock went live on Friday 8 November, with the French government adding listing terms …

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French casino trade union demands ‘hard games protections’ on FDJ sale

French casino trade union ‘Casinos de France’ has written to the En Marche government demanding that its planned sale of state-owned gambling/lottery operator Francaise des Jeux (FDJ) be undertaken on specific terms which do not hinder national casino incumbents. The trade union, which represents staff working across forty French private/independent casino operators including Groupe Barrière, Partouche and Tranchant, states that FDJ’s …

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En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

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En Marche faces rocky road in pursuit of FDJ sale

France’s Senate has revealed that it will review the proposed sale of state-owned assets Française des Jeux (FDJ) and Aéroports de Paris (ADP) this April. The decision follows the approved passage of the ‘PACTE Loi’ mandate, which seeks to implement the En Marche government’s headline ‘Enterprise and Innovation’ programme, which will move to privatise a number of French public firms and …

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All eyes on En Marche fulfilling its FDJ sale in 2019

Publishing its full-year 2018 accounts, French state-owned operator Francaise des Jeux (FDJ) has reported ‘a record year in business’ supported by an enhanced lottery portfolio and digital improvements. Updating the media and stakeholders, FDJ governance reports a record corporate turnover of €15.8 billion (+4.4%), of which €12.8 billion (+1%) was attributed to its flagship FDJ LOTO division. In its update, …

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Record-breaking summer sees FDJ up French football profile

French state-owned gambling operator Française des Jeux (FDJ) is set to up its profile within French football, following the national team’s triumph at World Cup Russia 2018. This week, FDJ marketing announced that it had secured four new Ligue 1 partnerships with Olympique Lyonnais, Olympique de Marseille, FC Nantes and AS Monaco beginning season 2018/19 (Ligue 1 start date – 10 August 2018). FDJ’s …

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En Marche to sell FDJ on the condition that France revamps gambling regulatory framework

As anticipated, Emmanuel Macron’s En Marche government has confirmed that it will privatise French state-owned gambling and lottery operator Francaise des Jeux (FDJ). However, FDJ’s sale comes with several strings attached, as the French Assembly demands that En Marche moves to restructure France’s national gambling regulatory framework. As a key initiative of Macron’s ‘France enterprise and innovation program’, En Marche will …

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En Marche plans adieu for France FDJ

French news sources report that Emmanuel Macron’s En Marche government is planning to sell a 50% stake in national gambling operator Francaise des Jeux (FDJ). The sale forms part of Macron’s modernisation of French enterprise, where En Marche will seek to privatise a number of state-owned assets. For a number of years, French policymakers have mooted the sale of FDJ, …

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Betfair – Le Pen’s price proves to be an ‘attractive proposition’ as France 2017 hits £22 million mark

Updating the media, on its ‘France 2017’ general election market, Betfair Politics maintains that far-right candidate and former Front National leader Marie Le Pen is still an ‘attractive proposition’ for political punters priced at 9/1. As France heads to the polls this Sunday 7 May, Betfair informs that its ‘France 2017’ market has hit the £22 million wagering mark breaking …

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Betfair – TV debates favour Macron as France 2017 hits £8 million mark

Betfair politics reports that France’s two-and-a-half hour Presidential TV debate (21 March) has favoured ‘En Marche’ candidate Emmanuel Macron who is now priced at 5/8 (61% chance of winning) to become France’s next leader. Updating its ‘France 2017’ market, Betfair politics is still seeing plenty of support for far-right ‘Front National’ leader Marie Le Pen who has seen her odds …

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