Paris-listed lottery and gaming operator FDJ has implemented a comprehensive insurance policy to cover its counterparty risk from next year.
As part of its recent privatization, FDJ underwent a number of tax and regulatory changes, including the discontinuation of the “counterparty fund” system, a form of insurance offered by the government which allowed FDJ to keep a portion of its gaming levies as a guarantee fund that could be used in the extremely unlikely event of a [...]
