French gambling operator FDJ lowers 2023 fiscal year projections as growth slows down

The competitive French sports betting and online gaming market saw FDJ move up to fourth operator with the recently concluded acquisition of ZEturf and its horse racing betting operations. At the moment, it holds 10% of the market.

Although it came too late to affect the third-quarter results, that acquisition might boost FDJ's performance in the fourth quarter of the year. Although revenue has increased overall this year, the third quarter had a significant enough impact that FDJ had to update its forecasts.
 

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