La Française des Jeux : The group expects a certain visibility out to 2025
>Solid 2021 results and better than expected - Stakes grew 18.9% to € 18,976m, 11% above the level in 2019, driven by record jackpots and a large number of long cycles in the lottery business, by good growth in instant games and by a normal calendar and the development of digital in sports betting. Revenues amounted to € 2,257m (+17.5%), compared with the guidance of € 2.2bn. EBITDA came to € 522m, 5% above the consensus, giving a margin of 23.1%, up +90bp reflecting ...La Francaise des Jeux is a France-based semi-public company that operates lottery and online games. The Company operates under the commercial brand name, FDJ, and provides scratch games, sports betting and draw games via a network of 35,800 points of sale (as of December 31, 2010), including LOTO points of sale, tobacconists and newsagents. The Company's scratch games include 1, 2 and 3 euros games; sports betting include the brand names, ParionsSport and ParionsWeb; and draw-based games include LOTO, Euro Millions, Rapido, Keno and others. The Company is also active in the online poker market with the website Barrierepoker.fr, which is jointly-owned with Groupe Lucien Barriere. The Company owns various subsidiaries, including Pacifique des Jeux and FDJ Developpement for the distribution in French overseas territory; Societe de Gestion de l'Echappee, which manages the Company-sponsored professional cycling team; Francaise de Motivation, Francaise d'Images, Lotsys and LVS.
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