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FDJ Announces its Financial Results for H1 2022

Groupe FDJ has reported a strong first half of the year, benefitting from the full recovery of its French lottery network, but also issued a warning on economic headwinds impacting the French economy.
Publishing its H1 trading results, FDJ reported group revenues of €1.2bn, up 12% on corresponding 2021 results of €1.08bn.
H1 trading saw FDJ generate total stakes (lottery + sports betting) of €10bn, of which €8.9bn corresponded to Française des Jeux lottery sales.
Normalised lottery trading was supported by FDJ launching new marketing campaigns and point-of-sale activities/initiatives that helped its lottery unit achieve an H1 GGR of €2.7bn, up 16% on 2021 results of €2.3bn.
Improved lottery results saw FDJ increase its H1 public levies to €2.04bn (+13%) as lottery net revenues amounted to €943m (H12021: 805m).
Lottery growth offset FDJ sports betting declines, as the Parions Sport unit registered a 5% drop in betting GGR to €485m (H12021: €508m). The decline in sports betting results was related to a lower wagering volume against the peak comparatives of 2021 that featured the UEFA Euro 2020 tournament.
Returning its lottery network at full capacity, FDJ accounted for a higher sales cost of €652m, of which €470m represented POS commissions and increased outgoings combined with higher period marketing expenses that grew to €220m (+13%).
Bottom-line results saw FDJ register a period EBITDA of €308m (H12021: €261m), helping the Paris Euronext firm declare H1 profits of €160m up 10% on H1 profits of €145m.
Moving into H2, FDJ stated that it would accelerate the integration of newly acquired French retail payments system providers Aleda and l’Addition – strategic acquisitions that aim to lower the operational costs of operating FDJ’s retail lottery network.
Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “The second quarter confirmed the positive trend at the start of the year, notably for the Lottery. Our business grew over the half year, both at points of sale and in digital. Given the deterioration in the global economic environment, the group remains cautious but confident in its outlook, based on its extensive and responsible gaming model.
“We continue to invest to back the development of our activities, including those of Payment and Services, with two acquisitions, Aleda and L’Addition. The group is pursuing its sustainable and profitable growth strategy for the benefit of all its stakeholders.”
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Kongebonus statement: Norway’s election result signals gambling policy continuity, but licensing debate is set to intensify

With the centre-left retaining a narrow majority, Norway’s gambling framework is set to remain largely unchanged in the near term.
Norsk Tipping’s monopoly will continue, and enforcement tools such as payment and DNS blocking of unregulated operators are likely to remain in focus. While a shift to a licensing model appears unlikely this parliamentary term, the Progress Party’s stronger position as the main opposition keeps the reform debate active.
For industry stakeholders, the sensible course is to concentrate on compliant, sustainable strategies and to track policy signals closely as the debate continues.
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Slots Temple Announces Exclusive Free-to-Play Tournament Partnership with Pragmatic Play

Leading online casino operator Slots Temple is excited to announce a brand-new partnership with the UK’s number one slot provider, Pragmatic Play. This exclusive new deal will allow Slots Temple to integrate Pragmatic Play’s industry-leading products into its free-to-play tournament platform.
As part of this collaboration, Pragmatic Play’s renowned online slot portfolio, which features popular titles like Big Bass Bonanza, Big Bass Splash, and Gates of Olympus, will be available on Slots Temple’s tournament platform.
This is a landmark moment for Slots Temple as it continues establishing itself as a unique proposition in the UK marketplace. The operator became the first affiliate site to receive a full United Kingdom Gambling Commission license, enabling it to offer real-money prizes and slots to its customers. Through this partnership, Slots Temple will also be the first operator in the UK to offer free to play Tournaments (on Pragmatic Play Slot Games) that award real cash prizes
Slots Temple is committed to giving its players access to the latest and best slots available, and this new partnership underscores that dedication.
Fraser Linkleter, CEO of Slots Temple, said: Tournaments are the beating heart of everything we offer here at Slots Temple. By signing this exclusive partnership, we are continuing to demonstrate to our players our commitment to collaborating with the best the industry has to offer.
“Slots Temple has repeatedly proven itself to be a trailblazer in the UK slot scene, and we’re excited for their players to engage with our titles through dynamic tournaments. Our games are designed with player engagement in mind, making them a perfect match for this format.” Beatriz Chamero, Business Development Manager at Pragmatic Play commented.
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iGP Partners With BetComply to Support Strategic Expansion

The post iGP Partners With BetComply to Support Strategic Expansion appeared first on European Gaming Industry News.
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