Tag Archives: 32red

“We risk problems with a good idea” – Kindred’s Tom Banks on the affordability question

Kindred Group - Nils Andén, Tom Banks

The debate around affordability checks has been an intense conversation throughout the overhaul of Britain’s gambling legislation, which the UK government hopes to update for the digital age. April’s White Paper, which brought an end to an over two year review of the 2005 Gambling Act, recommended ‘finance risk checks’ as the ideal affordability solution. Kindred’s Head of Corporate Affairs UK/Global, Tom Banks, …

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Nils Andén: Kindred confident of Netherlands number one spot

Nils Andén, Kindred CEO

The impact of developments in the low countries over the past year has been felt by many international betting firms and Kindred Group is no exception to this, in both a positive and negative sense.  Group CEO Nils Andén, and CFO interim Patrick Kortman, outlined how market conditions in the Netherlands and Belgium had influenced Kindred’s Q2 financial performance in …

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Kindred edges closer to net zero harmful revenue goal

Kindred Group - Nils Andén, Tom Banks

Kindred Group chipped away at the proportion of its revenues derived from harmful gambling during Q2 2023, cutting the figure down from 3.3% to 3.1%. The Stockholm-listed operator, active in various markets via its Unibet sportsbook and 32Red igaming brands, set an objective of achieving 0% revenue from harmful gambling in H1 2021. As it stands, the 3.1% figure reported …

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Kindred returns to Leeds United with Unibet as training kit sponsor

SBC News Kindred returns to Leeds United with Unibet as training kit sponsor

Unibet has been named the official training wear partner of Leeds United, from the beginning of the 2023/24 season. The Kindred Group-owned operator’s branding will feature on the men’s first team and women’s team training wear, along with the men’s first team coaching staff. Sam Mead, Head of UK Marketing at Kindred Group, commented: “We are delighted to be linking …

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Kindred: Rangers deal epitomises our new model of football sponsorship

Kindred: Rangers deal epitomises our new model of football sponsorship

The future potential of sports marketing for UK betting stakeholders has been cast into doubt by recent decisions by both the Premier League and government. This has not deterred Kindred, however, which renewed its partnership with Scotland’s Rangers FC. Unibet, the group’s sportsbook brand, recently took over the reins from Kindred’s casino operator 32Red as Rangers’ primary partner. To gain …

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Rumours circulate of Kindred sale in aftermath of executive departures

Rumours circulate of Kindred sale in aftermath of executive departures

Following a series of departures from the firm’s Board, Kindred Group is reportedly accelerating plans for a potential sale of the company to a larger gambling conglomerate. Bloomberg reports that the Stockholm-listed 32Red and Unibet parent company is evaluating merger or sale options with Morgan Stanely, PJT Partners Inc and Canaccord Genuity Group. The business news outlet further asserts that …

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Nils Andén to lead Kindred after Henrik Tjärnström steps down as CEO

Kindred

Henrik Tjärnström has resigned as CEO of Kindred Group, with Nils Andén named as his replacement by the firm’s Board of Directors on an interim basis. The outgoing CEO first assumed leadership duties of the Stockholm Nasdaq gambling group in July 2010, having stepped up from his joint role as Deputy CEO and Chief Financial Officer, a position he began …

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Kambi gains full control by repaying full €7.5m Kindred bond

Kambi

Kambi has fully repaid the €7.5m convertible bond held in its business by Kindred Group, enabling the B2B betting and gaming supplier to expand directional control. The bond was established as part of the terms of Kambi’s divestment from Kindred back in 2014, after which Kindred became a primarily B2C-focused company via its Unibet and 32Red holdings. Despite the divestment …

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Kindred evaluates ‘merger or sale’ after Q1 revenue climbs to £306m

Kindred

Kindred Group cites a return to positive trading in Q1 2023 after a difficult 2022, with profit noticeably recovering from a major dip last year, but the firm has detailed that it will continue to assess ‘alternative options’ to maximise revenue. A recovery from dire 2022 The company updated its Stockholm Nasdaq-investors this morning that ‘encouraging improvements’ across the first …

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