Tag Archives: Henrik Tjärnström

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 secures remaining Relax shares to enhance igaming offering

Kindred Group hits out at proposed Swedish measures

Kindred Group is set to strengthen its igaming operations via a full takeover of Relax Gaming, acquiring the remaining 66.6% of the firm’s shares. Conducted at an implied value of €320 million for 100% of the shares on a cash and debit basis, the purchase will see Kindred pay an initial consideration of around €80 million, settled in cash upon …

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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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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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