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Francaise des Jeux to Invest 100 Million to modernise group

Thursday January 14,2016 :  FRENCH GAMBLING GROUP TO INVEST EURO 100 MILLION ON MODERNISATION
 
Sales target is Euro 14 billion.
 
French online and land gambling group Francaise des Jeux has big plans for the future that include investing Euro 100 million in its ambitious FDJ2020 plan to modernise the group and achieve sales of Euro 14 billion in the future.
 
Chief executive Stéphane Pallez said in a corporate update this week:
 
“By taking up scratch cards, sports betting and digital games, French customers are choosing innovation and digital in 2015. FDJ’s performances this year have placed it in a strong position to realise its digital transformation linked with its 'FDJ 2020' project.
 
"The development of our digital know-how will also feed FDJ’s international ambitions."
 
In a trading update FdeJ reported a 5.4 percent rise in sales to Euro 13.7 billion in 2015, with sports betting revenues up 14 percent to Euro 2.3 billion in land and online operations, and the online division contributing 10 percent of the total.
 
Management reported that the company has introduced markets in eight new sports linked to its ParionSport app which is planned to coincide with major sports events later this year. The company intends to market vigorously in order to boost its 3.3 million strong player base by 400,000 new punters.
 
Football remains the chief interest of FdJ punters and contributes 72 percent of bets.

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Gambling News :

Netent Enters Mexico With Deal With Codere - The statement advises that the agreement enables the Swedish company to provide its portfolio offerings to Codere through that company’s existing operator license.

Winamax Poker Launches Dealers Choice Games - The Dealer's Choice in poker format is not a new concept, but Winamax enlivened the French online poker scene by introducing it last week, taking advantage of looser game restrictions by the French regulator ARJEL.

2016 Unibet Poker Open Bucharest main event Results - Romanian poker ace Traian Bostan banked Euro 100,000 this weekend after winning the Euro 1,100 buy-in Unibet Poker Open Bucharest main event hosted by the JW Marriott Bucharest Grand Hotel.

Limited Gambling To Be Allowed in Bermuda - After two years of discussion senators in the self-governing British overseas territory of Bermuda finally approved the Casino Gaming Amendment Act 2016 last week, ushering in a potentially more liberal and practical approach to gambling in the Caribbean island nation.

Crown Resorts Employees Should Confess - Youxi suggested that Crown should hire good lawyers to defend its employees, something Crown's existing Chinese legal representatives may regard as offensive.

Jack Lam on the Run - "Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei,” she said, observing that there was no record of any return to the Philippines since his departure.

Golden Jungle Slot - IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.

Philippines president Orders Arrest of Jack Lam casino magnate - Rodrigo Duterte, the shoot-from-the-hip Philippines president, has intervened in the fast-moving bribery scandal involving his Justice Secretary Vitaliano Aguirre, Pagcor chief Andrea Domingo and Macau-based casino magnate Jack Lam

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

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