The French lottery and sports betting operator Francaise des Jeus expects (FDJ) to be hit hard by the Coronavirus crisis.
French lottery and betting operator, Francaise des Jeux, has warned of the potential financial impact Coronavirus may have on its business.
The company is expecting to lose 120 million Euros in revenue and 50 million Euros in EBITDA this year for its sports betting business alone.
Like other European countries, France is in partial lockdown as part of efforts to halt the rapid spread of the deadly disease.
The French lottery and sports betting – FDJ, whose lottery tickets are sold in bars and cafes, said the government’s decision to urge people to stay indoors will have a negative effect on its main lottery business.
Its sports betting business is also suffering due to sports event around the world being postponed or cancelled due to Coronavirus.
About the negative effects of the coronavirus pandemic on the global gambling industry and not only, but what measures some countries have taken to limit the spread of the virus, you can read HERE.
Real and verified news about the up to date situation of the coronavirus epidemic in the world can be read HERE.