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Press Releases

La Française des Jeux : Revenue up 4% in Nine Months: Acquisition of ZEturf Completed at the End of September Acquisition of PLI to Be Completed in Early November



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La Française des Jeux (FDJ), France’s leading gaming operator, announces its revenue for the nine months to end September 2023.

Stéphane Pallez, Chairwoman and CEO of FDJ Group, said: “Our growth remains solid, with strong players’ demand, even though it has been affected by the low number of Euromillions high jackpot draws. At the same time, the completion of the acquisition of ZEturf at the end of September and the forthcoming closing of Premier Lotteries Ireland acquisition in November illustrate our strategy of internationalisation and diversification. We are delighted that the teams of these two operators are joining FDJ and that these operations will contribute to the Group’s sustainable and profitable growth.”

  • Revenue to end September of €1,875 million, up 3.9% and 1.3% on a like-for-like basis

At the end of September, gross gaming revenue (GGR) stood at €4,808 million, stable compared with 2022. After €3,044 million in public levies, net gaming revenue (NGR)3 totalled €1,771 million, up 0.8% based on a 2.0% increase in stakes.

Including income from other activities of €103 million, up more than 10% on a like-for-like basis, Group revenue to end September 2023 came to €1,875 million, up 3.9%.


On a like-for-like basis, sales rose by 1.3%. It rose 4.6%, in line with the first half, excluding Euromillions, which was particularly affected by the low number of high jackpot draws, especially in the 3rd quarter, and excluding Amigo, which was relaunched at the beginning of June with a revised formula in accordance with the regulator’s decision.

In the 3rd quarter, revenue totalled €586 million, down 1% and 3% on a like-for-like basis.

  • By distribution channel and activity
    • By distribution channel

Stakes in points of sale increased 0.8% to €13,278 million, supported by sports betting and instant games, and despite Amigo and Euromillions impact.

Digital stakes are continuing to grow, driven by all businesses. They were up 10.6% to €2,011 million, a performance attributable in large part to the increase in the number of players. Excluding Euromillions, online lottery stakes rose by more than 12%. Online stakes account for more than 13% of total stakes.

  • Lottery

Lottery revenue totalled €1,407 million down 1.2%, based on a slight increase in stakes, but up 3% excluding Amigo and Euromillions.

Driven in particular by the success of launches and relaunches, such as Carré Or in January and Numéro Fétiche in May, instant games stakes rose by more than 4%.

The almost 6% drop in the stakes for draw games is attributable to the lower number of high jackpot Euromillions draws (19 at 2023 September-end compared to 32 at 2022 September-end), particularly noticeable in the third quarter, and the full impact of the new Amigo draw launched at the beginning of June and in line with the decision of the French National Gaming Authority.


Excluding Euromillions and Amigo, draw stakes are up 1% and lottery stakes more than 3% compared with 2022, an “exceptional” year for draw games, especially Euromillions with stakes up by almost +20% to the end of September 2022. Overall, the appeal of this game remains strong, with stakes up by almost +10% compared with 2019, following its relaunch in the first quarter of 2020.

The discrepancy between growth in stakes and growth in revenue is mainly due to Euromillions, which has a high rate of conversion of stakes into revenue.

  • Sports betting and online gaming open to competition

Revenue of sports betting and online gaming open to competition totalled €360 million, an increase of 9.3% in line with growth in stakes. The player payout ratio in the third quarter is very close to that at the end of June and that recorded at the end of September 2022.

Business growth, strong both at the point of sale and online, benefited from the continuing momentum of the FIFA World Cup at the end of 2022, despite a slightly less favourable football calendar in the 3rd quarter of 2023.

The acquisitions of ZEturf and Premier Lotteries Ireland (PLI) strengthen FDJ’s model

  • ZEturf completes FDJ’s online gaming offering, making it the 4th largest operator in the French sports betting and online gaming open to competition, with a market share of over 10%

ZEturf is the 2nd largest online horse betting operator in France, with a market share of around 20%. This acquisition enables the FDJ Group to become the 4th largest competitive online gaming operator in France (sports betting, horse betting and poker), with a market share of over 10%. Finalised at the end of September, this acquisition has been consolidated in FDJ’s accounts since 1 October.

In order to benefit fully from the potential of the merger with ZEturf and the synergies within its online business open to competition, and in accordance with the commitments made to the French Competition Authority, FDJ will adopt a new organisation for this business.


With 2022 revenue exceeding €50 million, ZEturf:

– Doubles the revenue of FDJ’s online gaming business open to competition;

– And will have an accretive effect on the sports betting and online gaming open to competition BU’s contribution margin from 2025.

  • PLI: First step in the international B2C lottery with strong prospects

The acquisition of Premier Lotteries Ireland, the Irish national lottery operator, is a major step in the deployment of the FDJ Group’s international strategy. On 3 October, the Irish lottery regulator gave the go-ahead for the deal, which is due to be finalised in early November, when PLI will be consolidated by FDJ.

In 2022, Premier Lotteries Ireland recorded gross gaming revenue (GGR) of €399 million and revenue of €140 million, with an EBITDA margin comparable to that of FDJ.

The strategic plan currently being drawn up jointly aims to accelerate PLI’s growth and increase its profitability, based on sharing best practice between the two operators in order to:


– Capitalise on FDJ’s experience to drive PLI’s instant games portfolio;

– Boost the player base for draw games;

– And continue to improve the digital experience for Irish players.

2023 Outlook

In Q4, the Group expects:


– In sports betting and online gaming open to competition, sales virtually unchanged, reflecting the continued momentum since the start of the year, with a high basis for comparison due to the FIFA World Cup at the end of 2022;

– And for the lottery, sales growth driven by non-Amigo draw games, with several events including the launch of the EuroDreams draw game, and by instant games.

For 2023 as a whole, FDJ is targeting revenue growth of around 5%, i.e. between 1.5% and 2% on a like-for-like basis, with a current EBITDA margin rate maintained at around 24% thanks to tight control of costs.

– At the end of July, the Group had announced 2023 revenue growth targets of over 5%, and over 3% on a like-for-like basis, with a current EBITDA margin maintained at around 24%.

The Group will also benefit from a high level of financial income, expected to almost double the figure recorded at the end of June, and reiterates its commitment to distribute between 80% and 90% of its consolidated net income.


The Group’s next financial communication

The Group will report its 2023 results on Thursday, 15 February 2024, before market opening.


In millions of euros

Q3 2023


Q3 2022







o/w online stakes









o/w lottery





o/w sports betting and online gaming open to competition





*-3.4% vs. Q3 2022 pro forma, including the acquisitions of Aleda and L’Addtion


SIS sponsors Confraternity Cup on Caribbean Classic day at Hipódromo Presidente Remón Racecourse




SIS (Sports Information Services), the leading multi-content supplier of 24/7 live betting services, will sponsor the $100,000 Copa Confraternidad del Caribe on the Clásico Internacional del Caribe race day, the annual Caribbean nations thoroughbred championship day, held on December 10th at Hipódromo Presidente Remón in Panama City, Panama.

The Clásico day attracts the leading horses from Panama, Venezuela, Mexico, Puerto Rico, Colombia, Ecuador, and the Dominican Republic competing for more than $800,000 in prize money across six Grade 1 races.

The Grade 1 Copa Confraternidad del Caribe is the second most important race in the Caribbean series, which sees horses aged three and over run on the dirt over 1¼ miles.

The Clásico del Caribe (Caribbean Derby) for 3-year-olds is one of the region’s most revered races, where winning brings national pride and prestige. Panama leads the member nations with 15 winners, while Venezuela and Mexico are tied with 14 each in the 56-year history. Last year’s running held at Hipódromo La Rinconada in Caracas was won by Iniesta, who was an unbeaten colt from Mexico.

The host venue rotates between nations each year with Panama hosting for the first time since 2015. Founded in 1956, Hipódromo Presidente Remón is rich in history and is home to the famous Laffit Pincay Jr. Technical Jockey Training Academy, known as the “cradle of the best jockeys in the world.”


Top jockeys will ride on the card, including Irad Ortiz, Luis Sáez, Ricardo Santana, Paco Lopez, and Javier Castellano. Together, they have accumulated over $100 million in prize money this year. The legendary Laffit Pincay Jr. will be an honorary guest.

All international racing content supplied by SIS is made available as an end-to-end solution, with round-the-clock betting events incorporating live-streamed pictures, data, on-screen graphics with betting triggers, and an extensive range of markets and prices.

SIS delivers more than 35,000 live horse racing events annually, including over 150 race days from Panama and premium races from Argentina, Chile, Mexico, and Uruguay.

Michele Fischer, Vice President at SIS Content Services, said: “The Clásico del Caribe day is one of the biggest events on the Caribbean calendar, and its return to Panama this year promises to create an electric atmosphere. We are pleased to enhance our commitment to global racing by supporting this multinational race day.”

Carlos Alberto de Oliveira, Jr., COO at Hipódromo Presidente Remón Racecourse, said: “We are pleased to share the excitement of this year’s prestigious Clásico del Caribe in Panama.


“On this occasion, we will be awarding over $1,000,000.00 in prizes across 28 races, including 6 International Grade 1 Classics. Additionally on Saturday, we will be celebrating Mother’s Day Classics and Laffit Pincay Jr., along with the debut of students from our jockey technical academy, known as “the cradle of the best jockeys in the world.”

“It is an honor to have the ongoing support of SIS, our valuable partner, playing a key role in one of the most significant days in the Caribbean racing calendar. We deeply appreciate your support, which not only extends our horse racing to over 50 countries but also opens the door to future expansions.”

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Press Releases

Hipther Expands Strategic Media Coverage in the Gaming Industry



Reading Time: 2 minutes


Hipther Agency, the One-stop Agency and Event Organizer for multiple cutting-edge industries including Gaming and Technology, launches Monthly Online Magazine “Gaming Pulse” covering Europe and the Americas, and the “European Gaming MidWeek NewsWire” on LinkedIn.

This strategic expansion comes as a natural next step in Hipther’s successful multi-year and multi-faceted media presence in the global Gaming industry.

Gaming Pulse, Hipther’s new Monthly Online Magazine, will be bringing the dynamic rhythm of the industry to your devices curating worldwide news, trends, influential interviews and insights from Hipther’s staple publications for Europe and the Americas, the European Gaming Media and Gaming Americas, respectively. The Gaming Pulse comes in a seamless, sleek and user-friendly flipbook publication featuring premium content for an exciting reading experience that will become your monthly habit!


The European Gaming MidWeek NewsWire is the popular Newsletter of Hipther’s European Gaming Media boasting thousands of loyal subscribers, now making a powerful entrance into LinkedIn’s dynamic landscape. Gaming professionals will be able to explore top gaming news: key interviews, strategic partnerships, and industry updates, all in one LinkedIn Newsletter as part of their everyday social media experience.

Hipther’s curated publications aim to offer focused, quality content as well as timely and credible information to gaming professionals, while maximizing online exposure for the industry. Zoltán Tűndik, Co-founder and Head of Business at Hipther, emphasized the significance of the new additions:

“We are thrilled to announce the launch of the digital GamingPulse, a bold step forward from our cherished printed magazine that graced the industry from 2016 to 2018. Embracing digitalization isn’t just a nod to technological advancement; it’s a commitment to sustainability, ensuring that our love for industry doesn’t cost the earth. The digital magazine allows us to deliver the most current insights and updates with the agility and interactivity that our readers deserve. Furthermore, we’re excited to transform our weekly newsletter, taking it from email to LinkedIn. This move isn’t just about changing platforms; it’s about fostering a more engaged and interactive community. By being where our readers are, we aim to create a vibrant space for dialogue, networking, and shared passion for the iGaming industry.”

Hipther Agency has been a trailblazer in connecting companies with their target audience through extensive networking and publishing opportunities worldwide. With a legacy of over 16 years, we remain dedicated to providing unparalleled experiences in gaming and across technology industries.

As Hipther continues to shape the gaming media landscape, this strategic expansion marks another milestone in our commitment to delivering valuable and impactful content. We invite gaming professionals, enthusiasts, and industry stakeholders to join us on this exciting journey with Gaming Pulse and the European Gaming MidWeek NewsWire!


→ Never miss a beat – Subscribe & Stay in tune with the Gaming Pulse

→ Subscribe to the European Gaming MidWeek NewsWire on LinkedIn


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Press Releases

HappyHour Welcomes Patrick Soric as Investment & Portfolio Partner



Reading Time: < 1 minute, a leading investor in the iGaming space, is delighted to announce the appointment of Patrick Soric as Investment & Portfolio Partner. With an extensive background in the banking sector, Patrick brings a wealth of experience that will play a pivotal role in steering HappyHour towards expansion goals.

Patrick Soric joins the HappyHour team with a distinguished career in Investment Banking, where he has consistently demonstrated his ability to navigate the complexities of the financial landscape and build strong relationships with leading players in private equity. As Investment & Portfolio Partner, Patrick will leverage his expertise to enhance HappyHour’s investment strategies and contribute to the overall success of the organisation.

“I am thrilled to join the HappyHour family and look forward to collaborating with my talented colleagues,” said Patrick Soric.

Robin Reed, Managing Partner at HappyHour, expressed enthusiasm about Patrick’s addition to the team. “We are delighted to welcome Patrick to the HappyHour team. His extensive experience in investment banking aligns with our vision for the future. Patrick’s expertise and commitment to excellence will undoubtedly enhance our capabilities as we continue to grow and evolve.”


Patrick Soric’s appointment comes at a significant juncture for, as the firm expands its portfolio in 2024. His expertise and leadership will play a crucial role in shaping the company’s investment and portfolio strategies, driving innovation, and ensuring the delivery of exceptional value to HappyHour’s partners and shareholders.

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