News Business FDJ Considering UK Lottery Move

FDJ Considering UK Lottery Move

-

The firm running the French national lottery is reportedly contemplating a significant expansion into the UK lottery market next year.

According to reports in the UK media, the leadership of Française des Jeux (FDJ) is involved in an ongoing conversation with investment giants Rothschild to weigh up its options for taking part in the legal tender process for the UK National Lottery, which will be held next year.

The suggestion that the FDJ could be aiming to extend its reach across the English Channel is a sign of the firm’s confidence after a year in which they pulled off a major IPO. Last month, FDJ floated on the Paris Euronext with a valuation in excess of €4 billion.

And the newly privatised operator has wasted no time in flexing its financial muscles. They have already secured the second-biggest lottery buyout in Europe, reaching a deal to purchase retail payment platform Bimedia for around €50 million. But having cornered the market in retail lottery provision in France, the next step could well be a move into other regulated markets.

Their consultation with Rothschild is particularly significant as the investment bank is one of the four advisors named by the UK Gambling Commission (UKGC) to offer advice for the 2020 tender process. The others are auditing firm EY, legal experts Hogan Lovell and Deloitte.

There is considerable speculation in the UK over the possible winner of the 2020 process. No official framework for the tender process has been released, but a number of potential bidders have been suggested. These include newspaper owner Richard Desmond, Virgin Group owner Sir Richard Branson and the Czech betting industry operator SAZKA Group. SAZKA has already been growing its stake in a number of lotteries across Europe, including buying a 40% share in OPAP Greece.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Football Fans Group Launches Safer Gambling Initiative

A leading UK football fan organisation has launched a new initiative designed to boost safer gambling among football...

FIFA Launches Latest Integrity Tool

Football’s world governing body, FIFA has launched a new initiative designed to aid the fight to ensure the...

Unibet Extends PSG Deal

French soccer champions Paris Saint-Germain and the high-profile online betting firm Unibet have strengthened their links with an overhaul...

Betting Suspended on Bale Return

Former Tottenham star Gareth Bale could be heading back to the Premier League during the current transfer window,...

Spanish Government Warns of Big Changes

Spanish betting industry operators are braced for significant upheaval following an announcement from Alberto Garzon, the new Consumer Affairs...

Tennis Australia Signs Up with Sportradar

Sports data and integrity operator Sportradar has added another partner to its growing list of global clients with...

Must read

You might also likeRELATED
Recommended to you