FDJ股价因潜在博彩税上调暴跌

Lea Hogg October 4, 2024

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FDJ股价因潜在博彩税上调暴跌

尽管法国博彩集团FDJ试图安抚市场,但投资者的担忧加剧,关于税收上调的猜测令市场动荡。

法国博彩巨头FDJ的股价周四暴跌高达9.7%,原因是媒体普遍报道法国政府可能从2025年开始考虑提高网络博彩和投注的税收。这一举措将是为国家社保系统增加资金的更广泛努力的一部分,令对博彩行业潜在监管变化已经感到担忧的投资者更加紧张。

FDJ迅速发表声明,试图平息市场担忧。该公司强调,据其了解,即将出台的《社会保障财政法案》(PLFSS)并未包含针对博彩税的任何措施。FDJ通过电子邮件回应路透社的查询,旨在在日益加剧的猜测中安抚利益相关方。

尽管 FDJ 作出保证,但市场反应强烈

尽管FDJ试图安抚市场,但市场反应依然迅速而强烈。随着报道的传播,FDJ的股价遭受了重大打击,突显出在监管不确定性面前投资者信心的脆弱性。尽管股价稍有回升,但依然受到重创,反映出博彩行业的广泛担忧。

Oddo BHF企业与市场部的股票交易员Lucas Excoffier评论了这一情况,指出FDJ似乎在发表声明前“与财政部最高层有联系”。尽管FDJ的声明试图平息市场情绪,但Lucas Excoffier认为,投资者可能已经将未来监管收紧的风险计入股价。他表示:“市场反应非常严重,尽管这类消息当然加剧了博彩行业,特别是FDJ的监管风险。”

监管风险聚焦

FDJ股价的暴跌突显了博彩行业面临的更广泛问题:监管风险。投资者越来越意识到,欧洲各国政府出于社会和财政原因,正密切关注博彩和网络投注行业。

法国和许多其他国家一样,长期以来将博彩视为税收收入的重要来源,最近的改革显示政府对该行业的管控正在加强。虽然FDJ作为国家彩票运营商的地位赋予了它一定的稳定性,但博彩和投注行业整体仍然容易受到突如其来的监管变化的影响。法国政府任何提高税收的举措,都可能被视为增加财政收入的简便方法,特别是在该国面临医疗和养老金等领域的不断增加的财务负担时。

目前的猜测围绕着对网络博彩平台税收的潜在上调,这一领域在近年来,尤其是在疫情期间,经历了显著增长。随着数字投注和博彩的崛起,网络博彩已成为监管机构的重点目标。对于同时运营实体彩票销售和网络投注的FDJ来说,任何税制变化都将产生广泛的影响。

在监管与增长之间的微妙平衡

法国面临的挑战与许多其他国家一样,即在寻求额外税收收入的同时,避免抑制一个重要且正在增长的行业。对于像FDJ这样的公司,它们在数字化转型和扩展在线业务方面进行了大量投资,提高税收可能会侵蚀利润率并削弱未来的投资。此外,更高的税收可能促使更多玩家转向非法或不受监管的投注平台,增加确保负责任的博彩实践和玩家保护的难度。

尽管FDJ试图安抚投资者,表示短期内不会有税收上调的计划,但这一情况凸显了博彩公司在公共政策变化面前的脆弱性。当前,FDJ只能依靠其与政府的联系,避免在即将出台的社保法案中出现重大变化。然而,随着欧洲各国趋向于加强对博彩活动的监管,FDJ及整个行业的未来仍不明朗。

展望未来

随着FDJ及其股东等待法国政府的明确表态,局势依然充满变数。尽管尚未正式宣布具体的税收措施,但未来增税的可能性仍然笼罩在行业上空。法国政府此前曾推出措施以遏制过度博彩,而该行业的高利润性质使其成为财政审查的可能目标。投资者将密切关注社保预算的细节,而任何关于潜在税收上调的进一步迹象,可能会再次引发FDJ股价的剧烈波动。

目前,FDJ通过声明成功遏制了一部分恐慌,但正如Lucas Excoffier所言,博彩行业面临的监管干预风险尚未解决。投资者和业内人士将继续密切关注事态发展,许多人已做好未来数月内进一步波动的准备。

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