La Française des Jeux (FDJ) has successfully concluded its acquisition of Premier Lotteries Ireland (PLI), securing exclusive rights to operate the Irish National Lottery until 2034. The €380 million deal, finalized on July 28, marks a significant milestone in FDJ’s mission to establish a prominent international presence as a lottery and online gaming operator.
Strategic Acquisition:
FDJ’s Chairman and CEO, Stéphane Pallez, expressed enthusiasm about the acquisition’s strategic significance. By taking 100% ownership of PLI, FDJ is poised to strengthen its global presence and expand its lottery and online gaming operations. The move aligns with FDJ’s ambition to offer responsible gaming to a wider international audience.
Synergies and Expertise:
Pallez emphasized the potential synergies between FDJ and PLI, leveraging their respective expertise to deliver a recreational and responsible gaming experience to the Irish public. The shared commitment to responsible gaming ensures a responsible and enjoyable gaming environment for all.
Impressive Financials:
In 2022, PLI reported substantial financial achievements, with a gross gaming revenue (GGR) of €399 million and revenue of €140 million. Additionally, the company boasted an EBITDA margin rate comparable to that of FDJ. These impressive financials underscore the attractiveness of the Irish National Lottery.
Exclusive License:
PLI secured an exclusive license to operate the Irish National Lottery in 2014, a privilege that extends for two decades until November 2034. This exclusive license underscores the potential for long-term stability and growth in the Irish lottery market.
Support for Growth:
Andrew Algeo, CEO of Premier Lotteries Ireland, expressed gratitude for FDJ’s support, highlighting the positive impact on the Irish National Lottery and its stakeholders. The partnership with FDJ promises an even more successful Irish National Lottery, and PLI is eager to contribute to FDJ’s international expansion in the lottery sector.
Impressive Q3 Results:
FDJ’s Q3 2023 report showcased robust financial performance, with revenue amounting to €586 million. This brings the year’s total revenue to a substantial €1.88 billion, reflecting FDJ’s strength in the gaming and lottery industry.
The completion of the €380 million acquisition of Premier Lotteries Ireland by La Française des Jeux represents a pivotal moment in FDJ’s journey to expand its global footprint. This strategic move positions FDJ as a prominent player in the international lottery and gaming sector while ensuring responsible gaming practices. With impressive financials and an exclusive license to operate the Irish National Lottery, FDJ is poised for long-term success and growth in the Irish market and beyond.