Julian Marc
The Question: Why can the decision of privatizing la « Francaise des Jeux » be controversatial ? On what are the pro and cons of the decision?
This decision of privatizing la “Française des Jeux” was made by the state in order to have 1 Billion € directly. And also wanting to give the opportunity to individuals to become shareholders of the FDJ’s company. Attracting by the way external and international investors but also reducing state bureaucratic inefficiencies and finally fostering market-driven growth. And maybe the raise of job creation through expansion.
However this decision has been criticised because in 2018, FDJ made more than 16 Billions euro and their revenue will tend to keep growing for the future years. And an important percentage of this money could have gone for them if they kept their large part of share in the stock market. Which could lead to a long-term loss of steady dividends and taxes.