Tag Archives: Henrik Tjärnström

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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David Clifton, Licensing Expert: Vital Statistics – Measuring the extent of gambling reforms required in the UK

As the well-known saying goes, “there are three kinds of lies: lies, damned lies, and statistics”. It was wrongly attributed to the nineteenth century UK Prime Minister, Benjamin Disraeli, but that’s not going to stop me from using it as the starting point for this monthly round-up of UK gambling law and regulation. Fast forward 150 years from Disraeli’s time …

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Kindred adds transparent safer gambling metrics to group reports

Kindred Group Plc has become the first industry incumbent to publish its share of corporate revenues ‘derived from harmful gambling’. The Stockholm-listed online gambling group will publish its new ‘transparency metric’ as part of its safer gambling mandate, in which the company seeks to achieve – ‘zero per cent of revenues from harmful gambling by 2023’. Updating its corporate stakeholders, …

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Kindred hits out at proposed Swedish measures

Kindred Group hits out at proposed Swedish measures

The Kindred Group has slammed the proposals to impose further restrictions on the Swedish gaming market, with the CEO Henrik Tjärnström warning that the measures would be a ‘step in the wrong direction’. In a statement, Kindred expressed concern over a lack of ‘notable connection’ between the pandemic and rates of problem gambling. The operator also noted that ‘the government’s …

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Kindred outlines new energy targets in line with Paris Agreement

Building on its commitment to be a socially responsible operator, Kindred Group has stated that it will aim to reduce business travel by 30% in line with the energy saving targets set by the Paris Agreement on climate change. The Paris Agreement was signed in 2016, and outlines protocols within the United Nations Framework Convention on Climate Change which deal …

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Kindred marks fastest route to ‘normal trading’ as it delivers H1 growth

Kindred Group Plc stated that it has demonstrated its capacity as a ‘resilient and adaptable business’ by delivering growth across all core metrics during unprecedented times. Publishing its 2020 Interim statement, Kindred has recorded Q2 group revenues of £235m, up 4% on corresponding 2019’s £226m, as 2020 year-to-date revenues stand at £484m (YTD2019: £450m). Updating investors, Kindred stated that in …

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Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete

A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …

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Kindred launches new ‘Fair Sports 4 All’ educational programme with EFDN

Kindred Group has launched it’s new ‘Fair Sports 4 All’ project in collaboration with the European Football Network (EFDN) to educate all sports stakeholders about combating match-fixing and safeguarding integrity. Fair Sports 4 All is a 36-month directive providing educational tools, digital resources, training and further information on reporting match-fixing and suspicious activities to relevant authorities (local and international). Helping …

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Kindred submits countermeasures on Swedish protections and market integrity 

Kindred Group has published its opinion submitted to the Swedish government on the proposal of new player protection measures, which it seeks to implement during the COVID-19 crisis. On 23 April, Sweden’s Health Minister Ardalan Shekarabi presented an emergency proposal to Riksdag, outlining a series of ‘temporary restrictions’ on online gambling operators as further COVID-19 public policy protection measures. Criticism …

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