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France’s FDJ secures new lottery jackpot insurance

10th December 2019 9:18 am GMT
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 [...]

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