The decision of privatizing FDJ

The decision of privatizing FDJ

par Chafiaa Myriam,
Nombre de réponses : 0

The privatization, and thus changing the model of La Française des Jeux, is indeed a good idea because it will allow them to raise over a billion euros. The French government's stake would change from 72% to 20%, making it a win-win for the government. The state will receive a yearly public contribution of 3.5 billion euros and 380 million euros in payment due for the FDJ's 25-year license. This privatization will be so popular that even investors in most other countries will participate, making competing for stocks professional. Plus, it will also help feed 10 billion euros to kickstart technological innovation.

However, it has also been criticized by opposition parties as tantamount to selling "the family jewels." For example, critics have warned that a lesser state role in the company could leave gamblers vulnerable to corporate greed.