French MPS Warn Against Private Investor in Lottery

Two French legislators in charge of evaluating gambling in France warned against bringing in private capital to the Française des Jeux—France’s lottery—under current regulations. The French MPs said such a move could only happen after an extensive review on how it will affect the lottery’s public service mission.

French MPS Warn Against Private Investor in Lottery

Two French legislators in charge of evaluating gambling in France warned against bringing in private capital to the Française des Jeux—France’s lottery—under current regulations.

According to French MPs Olga Givernet and Mand Régis Juanico, any such move would require an in-depth review of the compatibility between private investors and the lottery’s public service mission.

“If the current dominant public shareholding of the FDJ can lead to a certain self-limitation, especially in the search for new and more addictive games, it may not be the same with private shareholders, focused on maximizing the profitability of the company,” the two said in a press statement.

They emphasized that a private investor wants a return on investment, which is contradictory with the strategic orientations of the FDJ.