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FDJ Signs Agreement to Acquire ZEturf Group

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La Française des Jeux (FDJ) has announced that it has signed an agreement to acquire the ZEturf group, which operates online horse-race betting as well as online sports betting under the ZEbet brand. This agreement follows FDJ’s announcement on 19 September 2022 that it had entered into exclusive negotiations with ZEturf.

“I’m delighted that we’ve signed an agreement to acquire the ZEturf group, a key player in online horse-race betting. With this transaction and the launch of our poker range, which together strengthen our growth prospects, FDJ is optimally positioned to become a major player in the French market for online games open to competition, while remaining true to our recreational, responsible and redistributive gaming model,” Stéphane Pallez, Chairwoman and CEO of FDJ Group, said.

“Twelve years after online betting was opened up to competition in France, the tie-up between the ZEturf group and FDJ Group’s online sports betting business marks a new stage in our development, bringing together the strengths of two complementary operators. It’s also an opportunity for our staff to bring their expertise to bear as part of a highly engaged, ambitious group and to benefit from the synergies created by this tie-up,” Emmanuel de Rohan-Chabot, founder of the ZEturf group, said.

Founded in 2001, the ZEturf group has around a hundred employees and generated nearly €50 million in revenue in 2021. The transaction puts the ZEturf group’s value at €175 million. Additional consideration may be paid depending on performance in 2023. The transaction will be accretive for the contribution margin of FDJ’s Sports Betting & Online Gaming BU from 2024.

It is expected to close in the second half of 2023, once the conditions precedent have been met, including approval by the French Competition Authority.

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Quantum continues expansion streak with two director-level new hires

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One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.

Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.

Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.

Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.

Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”

Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”

Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”

This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.

The post Quantum continues expansion streak with two director-level new hires appeared first on European Gaming Industry News.

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FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS”

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High above the clouds, a flock of magical birds fills the skies with color, each one carrying a special power to transform every spin into a chance for riches. In Rainbow Birds, day turns to night as you journey through two titles—Rainbow Birds Day and Rainbow Birds Night—where seven unique bird features can combine to create up to 99 game modes for non-stop fun.
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The post FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS” appeared first on European Gaming Industry News.

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PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT

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Bingo enthusiasts nationwide are in for an early holiday treat when the Philippine Amusement and Gaming Corporation (PAGCOR) rolls out its “Big Time Bingo Milyonaryo” linked games on Sunday, December 7, with a total of Php13 million in tax-free prizes.
Hosted by Casino Filipino–Angeles, the much-anticipated simultaneous event will begin at 2 p.m. in participating Casino Filipino branches in Bacolod, Cebu, Fuente, Grand Regal, Ilocos Norte, Iloilo, Mactan, Malabon Grand, Olongapo, and Tagaytay, as well as in Okada Manila and Winford Resorts & Casino.
Each Php3,000 ticket entitles players to four bingo cards per game, valid for 10 games. Games 1 to 9 will award each Php1 million  while Game 10 will feature a guaranteed Php3 million “must-go” jackpot prize.
For added excitement, a total of Php1 million in cash prizes will be given away during an additional local game to be held at participating sites.
PAGCOR said the linked bingo event aims to spread holiday cheers and give players a chance to win big while enjoying a fun, secure, and entertaining gaming experience.

The post PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT appeared first on European Gaming Industry News.

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