French gaming group FDJ falls after report on potential gambling tax hike
03/10/2024 13:15
** Shares of French gaming group La Française des Jeux
FDJ.PA fall 7.4% after French daily Les Echos reported the
government is planning a potential tax hike on online gaming and
betting
** To curb the rise of gambling, the French government plans
to increase social security contributions in the sector as early
as 2025, Les Echos writes
** Contacted by Reuters, a trader confirmed the stock's
decline is due to the media report
** FDJ could not immediately be reached for a comment
** The FDJ shares are on track for their worst day since
March 2020 if the losses persist
(Reporting by Alban Kacher)
((alban.kacher@thomsonreuters.com))