Horse Racing

FDJ to acquire horse racing and sports betting group ZEturf for $181M

Summarized by: Live Sports Direct
 

France's national lottery and gaming operator FDJ has signed an agreement to acquire the ZEturf group. ZeturF group operates online horse-racing betting and online sports betting under the Euretit brand. FDj wants to expand its presence in the French online gaming market. The transaction is expected to close in second half of 2023. The deal is accretive for the contribution margin of FD jr’s Sports Betting & Online Gaming BU from 2024. It is subject to approval by the Competition Authority.

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