FDJ Finalises Its Acquisition of the ZEturf Group, 2nd-Largest Operator in the French Online Horse-Race Betting Market
September 29 2023 - 11:45AM
Business Wire
Regulatory News:
La Française des Jeux (FDJ) has announced that it has finalised
its acquisition of the ZEturf group, which operates online
horse-race betting as well as online sports betting under the ZEbet
brand, for an enterprise value of €175 million. This transaction
was finalised following approval by the French Competition
Authority (Autorité de la Concurrence) on 15 September 2023.
Founded in 2001, the ZEturf group has around a hundred employees
and generated over €50 million in revenue in 2022. ZEturf is
France’s 2nd-largest online horse-race betting operator, with a
market share of around 20%. This acquisition makes FDJ Group
France’s 4th-largest player in online gaming open to competition
(sports betting, horse-race betting and poker), with a market share
of over 10%.
In order to make the most of the potential offered by the tie-up
with ZEturf and the synergies within its online business open to
competition, FDJ Group will put in place a new organisational
structure for this business, in line with the commitments made to
the French Competition Authority.
Stéphane Pallez, Chairwoman and CEO of FDJ, commented: “The
acquisition of ZEturf marks a new chapter for La Française des Jeux
and strengthens our position in the French market for online games
open to competition. Following the launch of our poker business,
our entry into the world of online horse-race betting rounds out
our diversified online range and bolsters FDJ Group’s growth
prospects while remaining aligned with our responsible gaming
model.”
About La Française des Jeux (FDJ Group)
As France’s leading betting and gaming operator and a leading
player worldwide, FDJ offers responsible gaming to the general
public in the form of lottery games (draw games and instant-win
games), sports betting (with the ParionsSport Point de Vente and
ParionsSport En Ligne brands), and poker, available from physical
outlets and online. FDJ’s performance is driven by an extensive
portfolio of iconic brands, France’s leading local sales network, a
growing market and recurring investments. The Group’s innovation
strategy is aimed at enhancing the appeal of its range of games and
services across all distribution channels while offering a
responsible customer experience.
FDJ Group is listed on the Euronext Paris regulated market
(Compartment A – FDJ.PA) and is a member of indices including the
SBF 120, Euronext 100, Euronext Vigeo 20, EN EZ ESG L 80, STOXX
Europe 600, MSCI Europe and FTSE Euro.
For further information, visit www.groupefdj.com
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