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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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Bingo Paradise, a prominent UK iGaming affiliate, has announced its most successful quarter ever, achieving record growth during Q3 2024. The portal saw an unprecedented rise in first-time depositors (FTDs), a testament to its commitment to delivering value to players and operators in the highly competitive iGaming space.
“Q3 2024 has been a standout quarter for Bingo Paradise,” said Tom Waite, Manager of Bingo Paradise. “Our success is thanks to the hard work of our small team of talented writers and the oversight of our dedicated compliance manager. Together, they ensure that we provide honest, transparent reviews and operate within the highest industry standards. This, combined with our marketing efforts, including SEO and negotiating exciting player offers with operators, has been key to sending substantially more FTD’s to the operators.”
Bingo Paradise achieved a 65.24% year-over-year increase in FTDs compared to Q3 2023. This impressive growth underscores the affiliate’s focus on player-first strategies, such as creating honest, well-researched reviews that empower users to make informed decisions. The team’s compliance manager ensures every piece of content adheres to strict regulations, building trust with both players and operators.
A key factor in the platform’s success is its ability to negotiate exclusive offers with UKGC-licensed operators. These partnerships allow Bingo Paradise to provide unique deals that resonate strongly with players, enhancing its appeal as a go-to player resource. The focus on promoting only licensed operators also ensures fairness and security for users, which further solidifies the portals reputation.
The brands approach is a model of integrity and innovation. By prioritising compliance and transparency, Bingo Paradise, which itself is owned by Meteor Marketing Ltd has positioned itself as a trusted affiliate partner, both for operators seeking reliable collaborations and for players looking for guidance in the iGaming world. As the platform celebrates its Q3 2024 achievements, it remains committed to exploring new opportunities and maintaining its high standards.
Eagerly anticipated release now confirmed following a highly successful exclusivity period with Rush Street Interactive
Play’n GO has today announced the official US release of its hit title Colt Lightning Firestorm, following a three-week period of exclusivity with Rush Street Interactive brands BetRivers and SugarHouse.
Colt Lightning Firestorm was released in Europe and other jurisdictions in May 2024, and its release in the US comes with much fanfare following the game’s rave reviews in its short exclusivity period. The game is a sequel to the wildly popular Colt Lightning game which was released early last year, and indications at this stage suggest that this sequel may prove even more successful.
This announcement sees Colt Lightning Firestorm available to players in each state and operator with whom Play’n GO is licensed. Play’n GO first entered the online casino market in the US in 2022, and has reiterated its commitment to becoming active in every regulated market around the world.
Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re excited to unveil Colt Lightning Firestorm to the wider online casino gaming community in the US, and have been very pleased to see its strong performance during its exclusivity period with Rush Street Interactive. We had high hopes for the game following the success of its predecessor, and we’re confident that these robust results will continue now that the game is available to an even bigger audience.”
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