French government advances in FDJ privatization process

Bruno Le Maire, French Finance Minister, said the country's national lottery company Francaise des Jeux will be privatized soon.

The privatization of France’s national lottery company Francaise des Jeux (FDJ) should be launched “in the coming weeks”, said French Finance Minister, Bruno Le Maire. The French state, which currently controls 72 percent of FDJ, has said it plans to retain at least 20 percent of Europe’s second-biggest lottery operator following the sell-off. The privatizations of companies such as airport group ADP and FDJ are integral to President Emmanuel Macron’s plans to raise money to fund innovation projects and boost the overall economy. Le Maire added France would invest €1.5 billion (US$1.6 billion) in artificial intelligence over the coming years.

Besides, the Government introduced new gambling regulations ahead of the privatization. These regulations give FDJ the exclusive right to operate lottery games in France, both in physical networks and online, as well as retail sports betting. FDJ will also be authorized to offer random number generator (RNG) games, something the country’s land-based casino and gaming industry had opposed.