The European Commission has commenced an investigation into La Française des Jeux (FDJ), to determine if the privately-held operator’s exclusive lottery and retail betting licence in France violate EU laws.

FDJ was owned by the French Government till 2019, when the business was privatised by the State for just under €1.9 billion. Following this, the company paid an additional €380 million for a continued exclusive licence to offer lotteries and retail betting.

Complainants, however, argued that this deal violated EU laws on state aid, banning member states from giving an advantage to particular companies in interventions such as tax rates which affect competition (though exemptions could exist in some circumstances, such as for Government-owned monopolies).

Responding to the investigation, the FDJ has reiterated it is clear of any wrongdoing, and said it will co-operate fully with the European Commission during the investigation.

“FDJ stands ready, alongside the State, to answer any questions from the European and French authorities in the course of these procedures to provide all the necessary elements demonstrating the compliance of this legal framework with French and European law.”

Issuing a statement as the investigation was launched, the Commission stated: “The Commission will verify the conformity of the remuneration with market conditions and will not exclude at this stage that the measure could provide an undue economic advantage to the FDJ”.

“The opening of an in-depth investigation gives France and all interested parties the opportunity to comment on the measure at issue. It does not prejudge in any way the outcome of the investigation”, it added.

Continue Reading

Gavin Isaacs steps down as Games Global chairman to take on new role as Entain CEO

22 July 2024
by iGamingCapital.mt

His appointment comes into effect from September 2024, and will see him remain on the board of Games Global as an independent non-executive director

Third-largest cryptocurrency exchange OKX selects Malta as its MiCA hub

18 July 2024
by Helena Grech

Under the MiCA framework, OKX plans to offer spot trading (including EUR and USDC pairs) in addition to buy, sell, convert and staking services to qualified EU residents through Okcoin Europe Ltd

GO’s Enterprise Solutions geared to deliver end-to-end business technology

15 July 2024
by Rebecca Anastasi

The telecoms firm prioritises holistic and scalable solutions for its corporate clients, says Arthur Azzopardi, Chief Officer at GO Business.

An unparalleled ecosystem for digital nomads

12 July 2024
by Ramona Depares

The Nomad Residence Permit offers non-EU employees a chance to experience Malta’s unique lifestyle, as an ideal remote work destination

See more