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FDJ takes out syndicated loan for exclusive French lottery and betting rights

3rd April 2020 9:35 am GMT

French gaming and lottery operator La Française des Jeux (FDJ) has taken out a €380m syndicated loan to pay for its exclusive rights to operate lottery and sports betting in France.

FDJ will use the loan to pay the French government for its exclusive 25-year rights to operate lottery games and sports betting at points of sales across the country, as well as online.

Under the terms of the PACTE Act enacted in May 2019, FDJ had [...]

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