Banijay Group has completed its acquisition of Tipico Group.  The enlarged business now has leading positions across Germany, France, Portugal, Austria, Poland and Côte d’Ivoire.

• Banijay Group has completed the acquisition of Tipico Group, bringing it together with Betclic and Admiral under Banijay Gaming. The combined business now holds strong positions across six key European markets, including Germany and France. Following the Banijay Tipico acquisition, the group said it has become the sports betting leader in Continental Europe.
• On a pro forma 2025 basis, Banijay Gaming would have generated EUR 3.1bn in revenue. Adjusted EBITDA would have reached EUR 900m, with adjusted free cash flow at EUR 700m. The company expects the Banijay Tipico acquisition to double key financial metrics over time.
• The transaction is expected to deliver around EUR 100m in synergies over the mid-term. This includes EUR 70m in operational efficiencies and EUR 30m in capital expenditure savings. Banijay Group currently holds a 65% stake in the business and plans to increase this to at least 72% in the coming years.

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