FDJ Announces the Completion of Its Acquisition of Premier Lotteries Ireland as it Continues Its International Expansion
November 03 2023 - 11:45AM
Business Wire
Regulatory News:
La Française des Jeux (FDJ) (Paris:FDJ) announces that it has
finalised its acquisition of the entire share capital of Premier
Lotteries Ireland (PLI), which holds exclusive rights to operate
the Irish National Lottery until 2034. This announcement follows
the approval granted by the Irish National Lottery regulator at the
beginning of October.
The acquisition of PLI, which was finalised today, is the
Group’s first venture operating a lottery outside France, and
reflects FDJ’s strategic ambition to become an international B2C
operator in lottery, sports betting and online gaming.
Stéphane Pallez, Chairwoman and CEO of FDJ Group, said: “La
Française des Jeux has opened a new chapter in its history by
fulfilling its ambition to expand its international presence as a
lottery and online gaming operator. The synergies between FDJ and
Premier Lotteries Ireland will draw on our respective and
acknowledged skills to offer people in Ireland a recreational,
responsible range of games.”
Premier Lotteries Ireland’s CEO Andrew Algeo added: “FDJ’s
backing marks the beginning of an exciting new chapter in PLI’s
history, which will benefit Ireland’s National Lottery and its many
stakeholders. I am grateful to both Ontario Teachers’ and An Post
who have been generous supporters of PLI, and the National Lottery
has grown substantially and sustainably on their watch. The PLI
team looks forward to further improving the Irish National Lottery
with FDJ and contributing to FDJ’s international lottery
expansion.”
In 2022, Premier Lotteries Ireland recorded gross gaming revenue
(GGR) of €399 million and reported net gaming revenue of €140
million with an EBITDA margin comparable to that of FDJ. PLI has
held the Irish National Lottery licence since 2014 and holds
exclusive rights to operate this until November 2034.
With more than 200 employees, Premier Lotteries Ireland offers a
range of around 40 games, available through a diversified network
of more than 5,300 points of sale as well as online, with over 15%
digital sales. Draw games make up two-thirds of its sales, and
instant-win games one-third. In 2022, PLI redistributed 65% of its
gross gaming revenue (GGR), or nearly €260 million, to more than
4,000 charities and Good Causes.
A strategic plan aimed at accelerating PLI’s growth and boosting
profitability is being jointly drawn up. The plan is based on
sharing the two operators’ best practices and on FDJ’s experience
to enhance PLI’s instant-win games portfolio, boost the draw games
player base and further improve the digital experience for players
in Ireland.
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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