French Gaming Operator FDJ in Talks To Buy Online Horserace Betting Site ZETurf

Gaming manipulator FDJ has a honest hold on of the gaming marketplace in France. However, if its modish contrive to purchase online horserace betting political platform ZETurf moves ahead, it’s going to control an even out larger stake.

The incumbent play manipulator wants to strengthen its spot inwards sports betting via the acquisition of ZEturf. The latter is the second-largest participant in online Equus caballus racing, following intimately behindhand genus Paris Mutuel Urbain (PMU).

FDJ has a virtual monopoly on physical sports betting through its state-granted license. On the other hand, PMU controls most of the horserace betting market. FDJ hopes to occupy over.

ZETurf Gets New Legs

ZEturf controls just 20% of the market divvy up of horse betting inwards France. With its subsidiary ZEbet, which is offset to wee a make for itself inwards online sports betting, the chemical group registered €800 jillion (US$793 million) inwards bets in 2021 for a turnover of €150 1000000 (US$148.7 million).

That’s right smart sour the revenue of FDJ, which scored more than €10 one thousand million (US$9.91 billion) inward bets. Its turnover was €1.21 billion (US$1.24 billion) just from Jan to June of this year. Part of that goes to the French people government, which still owns 20% of the company.

FDJ is sounding to seize the reigns of a online horse racing betting market place that represented €1.5 one million million (US$1.48 billion) inward bets inward 2020 and porcine gaming revenue (GGR) of €354 one thousand thousand (US$350.9 million). That was a year-on-year melioration of 31%, according to the modish describe from the National Gaming Authority (ANJ, for its French acronym).

But ZEturf has a considerable advantage as it doesn’t only if run inwards the French market. It also has a presence in the Netherlands, Kingdom of Belgium and Spain. Online gymnastic horse betting represents to a greater extent than 50% of the group’s B2C bets.

The acquisition is at present below regulatory review. Should it make a motion forward, FDJ will further dig in its billet as a leader inwards French people gambling. As a result, other acquisitions will potential come out on its radar.

Resistance Ahead

On the French capital Stock Exchange, FDJ’s shares rosaceous almost 2% to €31.93 (US$31.64) at the death of the morn yesterday. That coincided with the company’s proclamation of the pending purchase.

The advance also follows the FDJ’s continued growth over the years. That carrying into action led to an IPO inwards 2019, which opened at €19.90 (US$19.40) for institutional investors.

However, the companionship is now below investigating o'er its gaming accord with France. Just over a year ago, the European Commission (EC) opened an investigating into the amount it paid inwards interchange for scoop gaming rights.

In 2020, FDJ paid €380 meg (US$376.5 million) to the French people government. In return, it received sole(a) rights to moderate the country’s physical and online lottery. It also received a monopoly on retail sports betting for 25 years.

FDJ already had those rights before the agreement, but for an undetermined period. Anatole France wanted to vary its gambling environment, and the accompany looked for a way of life to whorl in its presence.

However, the EC began to make a finisher seem at the deal. Last December, it reported that the amount was “substantially get down than a toll that could live considered a market place price.” As a result, FDJ may have got to pay as often as another €1 1000000000 (US$991 million).

The EC is stock-still reviewing the compositor's case and the FDJ is cooperating. It continues to respond to requests for support to demo that the dealing was legitimate and fair. There’s currently no more timeline for the investigation to conclude.

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