Tag Archives: france

Growth hungry FDJ acquires Bimedia ‘point-of-sale’ network

A newly privatised Française des Jeux (FDJ) has moved to strengthen its retail services by sanctioning a buyout of French payment solutions provider Bimedia. The newly listed Paris Exchange gambling enterprise confirms that it has ‘entered an agreement’ with European private equity fund Idinvest Partners to acquire its Bimedia asset for ‘less than €50 million’. Updating investors, FDJ governance states …

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Skrill launches ‘Knect’ next-level rewards programme

Skrill has launched its ‘Knect’ customer loyalty programme including the most comprehensive rewards scheme for modern digital consumers and merchants. The Paysafe Group subsidiary details that its new Knect programme has been developed to reward customer loyalty with Skrill partners by providing players with further value on their payment transactions. The Knect programme allows Skrill customers to earn points for using …

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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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Home market adjustments impact Kindred’s YTD profits

Replicating market-wide trends, Stockholm-listed Kindred Group Plc cannot escape ‘challenging core market conditions’ as the company continues to experience headwinds in Sweden and the Netherlands. Publishing its latest year-to-date interim trading statement (unaudited period Jan-Sep 2019), Kindred maintains a positive revenue momentum at £677 million (YTD2018: £ 658m) – as governance underlines ‘strong locally licensed revenue growth at 33%’, highlighting growth …

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En Marche sanctions FDJ IPO inbound for November

Bruno Le Maire, France’s Economic & Finance Minister, has confirmed that the En Marche government will maintain its ‘Pacte Loi’ agenda, authorising for the IPO of Française des Jeux (FDJ) to take place from 7-20 November. Confirming En Marche’s first privatisation, Le Maire has sanctioned for FDJ to list its shares on the Paris Euronext exchange as the French state sells …

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Revived PMU posts back-to-back racing growth

France’s Pari Mutuel Urbain (PMU) details confidence in its ‘revitalisation programme’ reporting consecutive growth quarters for its racing vertical. Updating PMU stakeholders this week, Chief Executive Cyril Linette revealed that French racing wagers during Q2 and Q3 trading had consecutively grown by 0.5% to €1.9 billion, an outcome that the PMU last witnessed in 2011. Despite a tough opening to …

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Betclic nets lead sponsorship of FFVB France Volleyball

Betclic Group continues to broaden its sponsorship portfolio and wider sports commitment, after confirming that it has become the lead sponsor of The French Volleyball Federation – FFVB. The sponsorship secured through Paris-based sports marketing agency Oconnection sees Betclic replace US nutri-supplements provider Herbalife as official shirt sponsor of Team France Volleyball for both men and women’s sides. Betclic sponsors the …

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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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PMU appoints Malecaze-Doublet to lead critical marketing drive

Seeking to revive French racing prospects, Pari-Mutuel Urbain (PMU) has confirmed the appointment of Emmanuelle Malecaze-Doublet as Group Marketing Director. A key member of PMU’s new executive team formed under the leadership of CEO Cyril Linette, Malecaze-Doublet had formerly served as PMU CFO having joined the French legacy operator from US management consultancy firm McKinsey-&-Company last September. Malecaze-Doublet takes charge …

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En Marche maintains FDJ sale agenda but strategy remains unclear

Addressing an audience of French business stakeholders, Bruno Le Maire – France’s Finance Minister – maintained the En Marche government’s schedule of selling state-owned lottery and betting operator Française des Jeux (FDJ) in 2019. Le Marie hinted at an event hosted by MEDEF, France’s enterprise association, that an FDJ sale could be completed by November of this year as En Marche …

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