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Good 1st quarter of 2024 for FDJ, in line with Group projections
- Revenue for the 1st quarter of 710 million euros, up 7%
- Gaming revenue[1] in France of 645 million euros, up 3% on a high basis of comparison in the 1st quarter of 2023
- Strong momentum in online games, with revenue of 100 million euros, representing almost 15% of the Group’s total gaming revenue
- Tender offer for Kindred opened on 20 February 2024 for a maximum period of 9 months
- The completion of the tender offer remains subject, in particular, to obtaining regulatory approvals and to FDJ acquiring at least 90% of Kindred’s share capital
La Française des Jeux (FDJ), France’s leading gaming operator, has announced its revenue for the 1st quarter of 2024.
Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “FDJ has made a good start to the year, in line with its 2024 objectives. All our activities are growing, thanks to our network of over 29,000 retailers and a dynamic online gaming business, which now accounts for 15% of the Group’s gaming revenue. We are also confidently pressing ahead with the Kindred acquisition announced at the end of January.”
Highlights of the 1st quarter of 2024
- Revenue up 7% to 710 million euros
|
Q1 2024 €m |
Q1 2023 €m |
Change in % |
of which change on a like-for-like basis
% |
|
| Lottery | 504 | 497 | +1.4% | +1.4% |
| Sports betting and competitive
online gaming |
141 | 129 | +9.5% | +0.9% |
| Other activities | 65 | 37 | +77.4% | -3.7% |
| Group total | 710 | 662 | +7.2% | +1.1% |
Revenue for the 1st quarter of 2024 came to 710 million euros, up 7.2% and 1.1% on a like-for-like basis, a performance in line with Group projections.
- Gaming revenue in France rose by 3.1% to 645 million euros.
- Lottery revenue rose by 1.4% to 504 million euros, driven by over 4% growth in instant games, driven by the success of gaming portfolio animation such as the launch of Ticket d’Or (€5) at the beginning of January. Draw games, as expected given the unfavourable base effect, mainly for Amigo, were down by 3%. Excluding Amigo, which decline is attributable to its new formula launched at the beginning of June 2023 has stabilised, lottery revenue would have grown by more than 4%.
- In sports betting & online gaming open to competition, revenue came to 141 million euros, up 9.5% and up 0.9% excluding the integration of ZEturf, despite a high basis for comparison in the 1st quarter of 2023, which had benefited in particular from the very positive impact of the World Cup at the end of 2022.
This performance is attributable to the strong growth in revenue of ParionsSport En Ligne, which rose by more than 25%; which, in addition to its intrinsic momentum, also benefits from the attractiveness of poker, with a high level of cross-selling.
- Revenue from other activities (International and Payment & Services) came to 65 million euros, compared with 37 million euros in the 1st quarter of 2023, an increase attributable to the integration of PLI, which performed well, driven in particular thanks to EuroDreams.
- The momentum of online games remains very strong, with revenue up by more than 30% to 100 million euros, representing almost 15% of the Group’s total gaming revenue. Excluding ZEturf and PLI, growth in online games revenue exceeded 20%, driven both by sports betting and online gaming open to competition and by the online lottery, which benefited from EuroDreams’ very high rate of digitalisation, as well as from the attractiveness of instant games and of the exclusive online offer.
- Tender offer for Kindred
- On 20 February 2024, the tender offer for Kindred was opened for a maximum period of 39 weeks. Its completion remains subject, in particular, to obtaining regulatory approvals and to FDJ acquiring at least 90% of Kindred’s share capital.
- On 15 March 2024, Kindred’s shareholders at an Extraordinary General Meeting approved an amendment to the Articles of Association to allow a squeeze-out procedure to be implemented by any shareholder holding at least 90% of Kindred’s share capital.
- On 28 March 2024, following Veralda’s offer to sell 49% of its Kindred shares, i.e. 2.4 million shares corresponding to 1.12% of the outstanding shares, at a price of SEK122.5 per share, FDJ decided to exercise its right of pre-emption linked to Veralda’s irrevocable commitment, communicated when the transaction with Kindred was announced on 22 January 2024.
As a result, FDJ acquired 2.4 million Kindred shares for SEK 294 million (€25.8 million) and Veralda’s irrevocable commitment continues to apply to its remaining 1.18% stake in Kindred. FDJ now holds 1.12% of Kindred’s outstanding shares and the irrevocable commitments (Corvex Management LP, Premier Investissement SAS, Eminence Capital, Nordea and Veralda) now represent 26.82% of Kindred’s outstanding shares.
Annual General Meeting
FDJ’s Annual General Meeting will be held on Thursday 25 April 2024 at 14.30 at the Palais des Congrès in Issy-les-Moulineaux (25, avenue Victor Cresson – 92130
Issy-les-Moulineaux).
On this occasion, the Group will propose a dividend of 1.78 euro per share in respect of the 2023 financial year, to be paid on 7 May 2024.
Next financial communication
FDJ will publish its half-year results on Thursday 25 July 2024 after the close of trading.
The post Good 1st quarter of 2024 for FDJ, in line with Group projections appeared first on European Gaming Industry News.
Evoplay, the award-winning game development studio, has announced its latest partnership with leading Baltic operator Optibet, part of Entain, marking a strategic expansion in Lithuania and Estonia.
Through the agreement, Optibet now offers over 70 of Evoplay’s premium slot titles to its customers in both markets, including popular games such as The Greatest Catch Bonus Buy, Elven Princesses, and Fruit Super Nova.
Optibet, part of global gaming giant Entain, is a trusted operator across the Baltics, providing Evoplay with a solid foundation to grow its presence in the region.
This exclusive partnership underscores both companies’ commitment to delivering top-tier gaming experiences and increasing engagement within these key markets.
Ihor Zarechnyi, CBDO at Evoplay, said: “We’re thrilled to partner with Optibet, a trusted name across the Baltics, to bring our games to players in Lithuania and Estonia.”
“This collaboration marks an important step in our commitment to expanding in regulated markets and offering tailored experiences that resonate with local audiences.”
Janis Bariss, Entain Head of Gaming Baltics & Nordics, said: “Optibet is dedicated to providing our players with the best in gaming entertainment and partnering with Evoplay allows us to deliver an exciting range of content that adds real value to our portfolio.”
“Evoplay’s innovative approach and diverse game selection will be a fantastic addition to our online casinos in Lithuania and Estonia, and we’re looking forward to seeing the impact it has on our audience.”
The post Evoplay expands Baltic presence with new Optibet collaboration appeared first on European Gaming Industry News.
Revolver Gaming is delighted to announce the appointment of Simon Hammon as its new Board Advisor.
With an illustrious career in the gaming and iGaming sectors, Simon brings an exceptional depth of expertise to support Revolver Gaming’s growth ambitions in the online gaming sector.
Simon Hammon is a seasoned leader in the gaming industry, having previously served as CEO of Relax Gaming, where he played a pivotal role in driving the company’s growth and cementing its position as a leading content aggregator and developer. Prior to his tenure at Relax Gaming, Simon held the role of Chief Product Officer (CPO) at NetEnt, where he oversaw the development of an award-winning portfolio of games and spearheaded major innovations in the sector.
“We are thrilled to welcome Simon to the Revolver Gaming team,” said Ryan Lazarus, CEO at Revolver Gaming. “His extensive experience at the helm of industry-leading organisations like Relax Gaming and NetEnt makes him uniquely qualified to help us strengthen our position in the iGaming landscape. Simon’s insights and strategic vision will be invaluable as we continue to push the boundaries of game design and expand our global presence.”
As Board Advisor, Simon Hammon will work closely with Revolver Gaming’s leadership team to refine the company’s strategic direction and expend its position in the fast-evolving iGaming industry. Under Simon’s guidance, Revolver Gaming aims to broaden its market reach, enhance its product portfolio and delivery service, and solidify its collaborations with operators across the globe.
“Revolver Gaming has established a strong foundation for growth and is a hidden gem on the verge of breaking through to the next level,” said Simon Hammon. “The company has a well-earned reputation for creating innovative and highly engaging games, and I’m thrilled to join at such an exciting tipping point. The talent and vision within Revolver Gaming are exceptional, and I look forward to helping the team realise its ambitions and achieve its full potential.”
The post Revolver Gaming Welcomes Simon Hammon as Board Advisor appeared first on European Gaming Industry News.
Innovative indie developer invites players to stack up towering wins in an all-new cyber punk-themed slot released via the SwinttStudios partnership programme
Get ready to hit the neon streets of a space age city in Babel Builder Accumulator – the new cyber punk-themed slot from up-and-coming software provider, Samurai Studio, where scaling towering megastructures can lead to colossal wins of up to 8,082x the bet.
The third Samurai Studio game to be released via the pioneering SwinttStudios programme, Babel Builder Accumulator is a five-reel, 20-payline slot set in a gritty, urban landscape. Featuring a pulse-racing, techno-inspired soundtrack and high-tech cast of androids and augmented humans as its symbols, the game really does an outstanding job of conveying a dystopian future.
Of course, this rampant advancement of technology is not without its perks – and Babel Builder Accumulator boasts a couple of standout features to help players stay ahead of the game. First of all, on any given spin Mirror Reels can trigger to turn two or more columns into identical copies of each other, significantly boosting the odds of landing multiple matching payout combinations.
Secondly, landing three or more scatter symbols in any position will activate the Accumulator Bonus. Whenever this happens, players will be granted three free re-spins with an initial in-game multiplier of 1x, 3x or 5x depending on the number of triggering scatters. With the reels now only displaying prize symbols worth between 1x and 50x the selected bet, whenever players land a prize, not only will the re-spin counter reset, but they’ll also fill one section of the progress metre.
Once six sections have been completed, a random multiplier of 1x, 3x or 5x will be added to the accumulator total – which can reach a maximum of 30x – with this process repeating until no new prizes arrive and the re-spin counter hits zero. In this manner, the feature can be prolonged indefinitely for truly epic wins, and players can also enter the bonus directly for an additional bet.
David Mann, Chief Executive Officer at Swintt, said: “We’ve already been treated to some incredible releases from Samurai Studio – and Babel Builder Accumulator might be the best yet!
“Featuring an eye-catching cyber punk aesthetic, atmospheric soundtrack and an incomparable Accumulator Bonus where players can scale their way to maximum wins of 8,082x their bet, the game really does have all the makings of a modern slot and we’re delighted to be able to use our existing network of casino partners to help Samurai Studio reach new audiences worldwide.”
The post Samurai Studio shoots for the stars in Babel Builder Accumulator appeared first on European Gaming Industry News.
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