French Gambling Operator FDJ Eyeing UK National Lottery Tender In 2020

French Gambling Operator FDJ Eyeing At UK National Lottery Tender In 2020

French gambling regulator FDJ is eyeing at the 2020 tender of the National Lottery in the UK. A report from The Daily Telegraph published this weekend claims that the top officials from Française des Jeux (FDJ) had a private meeting with investment bank Rothschild exploring options to get into the race for the 2020 UK National Lottery.

The UK Gambling Commission has not yet revealed the whereabouts of the lottery tender. Reports claim that the prospective tender is being coveted by several top gambling operators in Europe including the Czech gambling conglomerate SAZKA Group.

FDJ has recently got listed on the Paris Euronext Exchange as its shares were offered to the public for the first time.

Just over two weeks ago FDJ also announced the acquisition of Bimedia, a payment solutions provider. The gambling operator finalized the €50m ($55.1m) deal right after its shares were listed on the stock exchange.

The privatization of the French gambling operator is a part of President Macron’s strategy to disinvest government’s shareholding in public companies to raise funds. It is expected that the state would pull about €2bn from the privatization deal.

Following the privatization, FDJ is also looking to increase its footprints in other regulated European markets.

Rothschild Appointed Strategic Advisor For 2020 Tender Framework

That the French gambling operator has approached Rothschild has everything to do with an announcement made by the UK Gambling Commission earlier in the year in May. The UK gambling watchdog appointed Rothschild and Co. as the lead financial advisor for the fourth National Lottery license competition.

The current licenses are due expiry in 2023. As such the competitive licensing process is to take off as early as 2020.

The other members appointed to advise the UK Gambling Commission are global accounting firm Ernst and Young (EY), Deloitte and Hogan Lovells.

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