France’s Lottery Finances Raise Concern

While France’s horse racing monopoly, the PMU, has been judged to have gained in stature throughout the recent discussions on the liberalisation of the French betting market, the state–owned monopoly operator La Française des Jeux (FDJ) has fared less well. Thanks to a new book highlighting its financial workings, and the announcement of new online competition from one of France’s leading casinos, FDJ is under mounting pressure.Whilst speakers representing the casino sector and the PMU were generally perceived as having acquitted themselves well in the recent Paris conference dedicated to discussing the “controlled opening” of the French gaming business, it was also acknowledged that the La Française des Jeux did not perform so well.

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