French national lottery operator la Française des Jeux(FDJ)announced today that it has acquired leading betting software provider Laverock von Schoultz (LVS).
Monday 29th March 2010
PARIS/LONDON, March 26, 2010: French national lottery operator la Française des Jeux (FDJ) announced today that it has acquired leading betting software provider Laverock von Schoultz (LVS). The London-based business is one of the gaming industry’s leading suppliers of betting platforms and comes as the French online betting market opens up to competition.
LVS which employs around 40 people, has gained a strong reputation working with some of the biggest names in the industry and recently co-operated with FDJ to put in place its Advanced Gaming Platform which offers state-of-the-art fixed odds sports betting to both online and retail customers through their website and network of 26,700 retail terminals. The FDJ and LVS teams are now working together to build a new live betting platform.
The acquisition will help build on FDJ’s technological strengths reinforcing their position as a leading provider of integrated sports betting products. It will also allow FDJ to offer leading edge, secure betting products to customers both online and through their retail network.
Christophe Blanchard-Dignac, Chairman and CEO of la Française des Jeux said: “This is an important acquisition in the context of the opening of the French online betting market to competition.
“By buying this company, La Française des Jeux reinforces its technological control on the overall activity - sports betting and lotteries – in the stake of the safety of our customers.“
Simon Ordish, CEO of LVS said: “We’re delighted that La Française des Jeux has chosen to strengthen even further the successful relationship we already have. It will enable us to take the business to the next level and exploit new opportunities.
“The acquisition means we can both grow and prosper at a very exciting time for the betting and gaming industry.”
FDJ’s range of sports bets increased by 24 per cent in 2009 resulting in sales of €783 million which is around eight per cent of turnover. Online bets have increased by 61% to €43 million. La Française des Jeux aims to reach €1 billion
worth of sports bets in 2010 through online and retail platforms, which will represent 10 per cent of the company’s overall sales.
Ends
For more information contact:
LVS: Andrew Drinkwater 07799 408611
FDJ: Press office/DEPARTEMENT PRESSE - TEL: +33 (0)1 41 10 33 82
ABOUT La Française des Jeux: La Française des Jeux offers secure and responsible entertainment and gaming with its wide range of lottery and sportsbetting products to a large basis of 28 million customers through its retail network of 36,000 outlets and its web channel www.fdjeux.com totalizing 935,000 registered clients.
With sales of almost 10 billions Euros in 2009 and 930 employees La Française des Jeux is the 2nd largest lottery in the world. It is committed to a sustainable development policy combining economic, societal involvement, social and
environmental progress. 28% of its sales finance causes of public interest. In particular, almost 2% of the sales are for sports facilities and activities in France.
ABOUT LVS: LVS is one of the world’s leading providers of betting and gaming software. The company has steadily grown to become the preferred supplier of bespoke software to some of the biggest names in the industry including William Hill, BWin, Victor Chandler and the French state betting operator FDJ. In the last ten years LVS has quietly built a reputation for delivering smart, flexible and responsive systems which has enabled it to win business ahead of some of its better-known competitors.
PARIS/LONDON, March 26, 2010: French national lottery operator la Française des Jeux (FDJ) announced today that it has acquired leading betting software provider Laverock von Schoultz (LVS). The London-based business is one of the gaming industry’s leading suppliers of betting platforms and comes as the French online betting market opens up to competition.
LVS which employs around 40 people, has gained a strong reputation working with some of the biggest names in the industry and recently co-operated with FDJ to put in place its Advanced Gaming Platform which offers state-of-the-art fixed odds sports betting to both online and retail customers through their website and network of 26,700 retail terminals. The FDJ and LVS teams are now working together to build a new live betting platform.
The acquisition will help build on FDJ’s technological strengths reinforcing their position as a leading provider of integrated sports betting products. It will also allow FDJ to offer leading edge, secure betting products to customers both online and through their retail network.
Christophe Blanchard-Dignac, Chairman and CEO of la Française des Jeux said: “This is an important acquisition in the context of the opening of the French online betting market to competition.
“By buying this company, La Française des Jeux reinforces its technological control on the overall activity - sports betting and lotteries – in the stake of the safety of our customers.“
Simon Ordish, CEO of LVS said: “We’re delighted that La Française des Jeux has chosen to strengthen even further the successful relationship we already have. It will enable us to take the business to the next level and exploit new opportunities.
“The acquisition means we can both grow and prosper at a very exciting time for the betting and gaming industry.”
FDJ’s range of sports bets increased by 24 per cent in 2009 resulting in sales of €783 million which is around eight per cent of turnover. Online bets have increased by 61% to €43 million. La Française des Jeux aims to reach €1 billion
worth of sports bets in 2010 through online and retail platforms, which will represent 10 per cent of the company’s overall sales.
Ends
For more information contact:
LVS: Andrew Drinkwater 07799 408611
FDJ: Press office/DEPARTEMENT PRESSE - TEL: +33 (0)1 41 10 33 82
ABOUT La Française des Jeux: La Française des Jeux offers secure and responsible entertainment and gaming with its wide range of lottery and sportsbetting products to a large basis of 28 million customers through its retail network of 36,000 outlets and its web channel www.fdjeux.com totalizing 935,000 registered clients.
With sales of almost 10 billions Euros in 2009 and 930 employees La Française des Jeux is the 2nd largest lottery in the world. It is committed to a sustainable development policy combining economic, societal involvement, social and
environmental progress. 28% of its sales finance causes of public interest. In particular, almost 2% of the sales are for sports facilities and activities in France.
ABOUT LVS: LVS is one of the world’s leading providers of betting and gaming software. The company has steadily grown to become the preferred supplier of bespoke software to some of the biggest names in the industry including William Hill, BWin, Victor Chandler and the French state betting operator FDJ. In the last ten years LVS has quietly built a reputation for delivering smart, flexible and responsive systems which has enabled it to win business ahead of some of its better-known competitors.