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FDJ says France’s 2025 social security bill will not include gambling tax measures

Regulation

FDJ said it did not expect France’s forthcoming Social Security finance bill to contain gambling tax measures. The statement followed reports of a proposed tax increase on online gaming and betting from 2025; FDJ shares had fallen 9.7% amid those reports and were down about 5.6% over five days as of 7 October.

FDJ’s view offers operators and investors context for assessing reports of possible higher gambling taxes in France.

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FDJ plans to offset French gambling tax increase by 2027

La Française des Jeux said on 14 February that it aims to offset the effect of France’s gambling tax increases by 2027. The company estimated the changes would reduce revenue and EBITDA by about €45m in 2025, with an annual impact of €90m in later years. FDJ said it would present its full 2024 results and outlook on 6 March; the preliminary figures remain subject to audit.

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