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France’s leading gaming operator La Française des Jeux (FDJ) has reported a 6% increase in sales during Q3 2020.
Stakes were up 6%, to €4.4 billion, with revenues stable at €0.5 billion, compared to Q3 2019. Strong growth is reported in sports betting, up 27% to nearly €1 billion, both online and in point-of-sale. Player winnings stood at €3 billion, up more than 9%.
“The third quarter confirmed the good momentum seen since mid-June and a recovery in our business at levels comparable to 2019. The Group thus demonstrates its resilience and its reactivity. Over the entire year, without new measures of general restrictions linked to the evolution of the health environment, the impact of the crisis on our revenue should be contained, and our EBITDA margin should remain at a high level, thanks to the strong mobilisation of our employees and our distribution network, as well as the cost reduction measures that we have implemented as early as March,” Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FDJ Announces Q3 2020 Results
