FDJ and Zeal announce Swedish iLottery co-investment
The pair have unveiled a joint investment into Swedish iLottery and iBingo company, Random State.
Key points:
– FDJ and Zeal have initiated a joint investment into Swedish iLottery provider Random State
– The investment is set to focus on the development and expansion of the company, as well as the advancement of the iLottery sector
Swedish iLottery and iBingo organisation Random State has secured a joint investment from French operator, FDJ United, alongside German online lottery provider Zeal Network SE.
The investment will focus on aiding the development of Random State’s marketing and expansion capabilities and roadmap – with Zeal specifying that this particular investment also seeks to draw on the wider goal of pushing forward the global online lottery industry.
Indeed, FDJ also sought to reaffirm this broader objective as part of the pair’s announcement. Specifically, the investments will be overseen by Zeal and FDJ’s respective Ventures departments – the investment arm(s) of each organisation.
Speaking on the new deal, Zeal Ventures Investment Manager, Juliane Gutsmiedl, said: “With Random State, we are investing into innovation in the iLottery sector. The team impresses with creative game design and a deep understanding of diverse user preferences – providing us with valuable impulses for the development of our own portfolio.”
Building on this was Random State CEO, Mattias Westolm, who stated: “Our vision is to reimagine the lottery – digital, user-centric, and globally connected. With Zeal Ventures and FDJ United Ventures, we’ve found strong, strategically minded partners who share this ambition. This investment allows us to accelerate our innovation pipeline and expand into new markets and customer segments.”
Additional recent iLottery-related news saw Hasbro partner with Scientific Games this week, introducing the Battleship and Monopoly titles to the supplier’s Content Hub iLottery portfolio.
Good to know: Earlier this month, Stefan Tweraser was appointed as the new CEO of Zeal Network SE
For FDJ, this latest announcement follows the unveiling of its financial strategy and outlook for 2028 as part of the operator’s Capital Markets Day last month, in which the company specified its prediction for an annual organic growth rate of 5% for the next three years.
Elsewhere, recent updates from the Swedish market saw the nation’s regulator, Spelinspektionen, initiate an official review of the Swedish Gambling Act following a report which revealed that unlicensed online gambling remains accessible in Sweden.
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