Tag Archives: Henrik Tjärnström

Kindred outperforms seasonal lags as Q4 roadblocks loom

Kindred Group Plc maintains growth across all metrics, despite its sportsbook unit trading against post-EURO and COVID-19 ‘normalisation effects’.  Publishing its Q3 trading statement (period ending 30 September), Kindred registered group revenues of £298 million up 6% on corresponding 2020 results of £281 million. Revenue growth was attributed to the continued expansion of Kindred’s casino portfolio, which generated period gross …

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Kindred hails the operational and academic progress of its Safer Gambling programme

Kindred Group Plc continues its progress towards reaching its group-wide corporate objective of ‘0% revenue from harmful gambling by the end of 2023’.  Publishing its latest safer gambling update, the Stockholm-listed online gambling group saw its share revenue from harmful gambling decrease to 3.3% from 4.3% recorded during Q2 2021 trading. The results represent Kindred’s lowest % share since the …

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Kindred to wait for KOA licence at cost of £12m per month

Kindred Group has confirmed that it will temporarily cease its Dutch market activities choosing to abide with the KOA regime’s new ‘cooling-off’ command as its business awaits licensing approval.  The Stockholm-listed operator was not featured amongst the 10 operators granted licences by regulator Kansspelautoriteit (KSA), launching the Netherlands KOA regime this morning. Kindred accepted the decision but urged KSA to …

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Flutter joins EGBA as organisation strengthens sustainability pledge

Flutter Entertainment has become the latest operator to join the European Gaming and Betting Association (EGBA). By joining the Brussels-based trade group, Flutter has reiterated its commitment to industry responsibility and safer gambling across the European betting and gaming sector, with the organisation representing EU licenced and regulated operators. The Dublin-based FTSE 100 company joins a range of prominent betting …

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EGBA secures sustainability reporting commitment from European leaders 

The leadership of Europe’s biggest online gambling firms have outlined their ‘collective ambitions’ to foster a stronger culture supporting safer gambling across all European markets. The leadership mandate was published by the European Gaming & Betting Association (EGBA) – the Brussels-based trade body charged with representing online gambling at an EU business and legislative level.   A letter co-signed by John …

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Kindred continues sustainability focus on ‘path to zero’

Kindred Group Plc continues to progress on its group-wide business sustainability objectives, despite recording a slight increase in revenues generated from harmful gaming.     Publishing its latest ‘safer gambling update’, the group saw its share of gross win revenues from high-risk players increase from 3.9% to 4.3% during the Q2 trading period.    Irrespective of the 0.4% increase, Kindred underscored that its …

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Kindred launches ‘Bettor Time’ to achieve 0% harmful gambling revenue

Kindred has partnered with Zafty Intelligence and Assissa Consultancy Europe to launch its ‘Bettor Time’ app, as part of its wider commitment to generating 0% of revenue from harmful gambling by 2023. The Bettor Time app is designed to assist customers with staying in control of their gambling behaviour by monitoring app usage and alerting users to potentially harmful changes in …

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Focus on regulated markets drives Kindred Q1 growth

Focus on regulated markets drives Kindred Q1 growth

Kindred Group Plc’s focus on regulated European markets, alongside a return of a strong sporting calendar, has helped drive the operator’s growth during Q1 2021. Publishing its financial results for the three months ended 31 March, Kindred reported that EBITDA had jumped from £32.5 million in the corresponding period last year to £97.6 million – something which the operator group …

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Kindred sees high risk player revenues decline to 3.9%

Kindred Group has underlined the continued progress on its corporate sustainability objectives as its revenues generated from harmful gambling decline to 3.9%. The Stockholm-listed online gambling group published its latest ‘safer gambling update’, informing stakeholders that its ‘share of gross-win revenue derived from high-risk players’ had decreased from 4.3-to-3.9% during the trading period. At the start of the trading year, …

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