FL Entertainment eyes further African growth after revenue jump

FL Entertainment’s online sports betting and gaming division delivered an 18.9 per cent revenue increase in 2023. The group said revenue of €996m reflected a “record year” and “solid growth across all segments,” pointing to further potential across Africa.

Q4 revenues for the Betclic owner were up 13.1 per cent year-on-year, underpinned by “a combination of ongoing strong momentum from UAP (+23 per cent in 2023) with a good retention of players from the FIFA World Cup, and an excellent commercial Development.”

Sportsbook revenue rose 13.9 per cent while online casino, poker and turf posted revenue growth of 39.3 per cent.

Overall revenue for FL Entertainment, which also owns TV production company Banijay, climbed 13.8 per cent to €4.5bn, with adjusted EBITDA up 15 per cent to €756m pro-forma.

“In online sports betting & gaming, we delivered strong performance across all segments, with significant double-digit growth in casino, poker and turf revenues demonstrating the diverse appeal of our best-in-class tech platform,”

– said François Riahi, CEO of FL Entertainment.

“Underpinned by our resolute commitment to responsible gaming – with 99 per cent of revenues coming from locally regulated countries – we developed our leading positions in France, Portugal and Poland, and successfully expanded into the Ivory Coast, with more to come in Africa.”

Source: intergameonline.com

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