Tag Archives: Henrik Tjärnström

Kindred continues to support working parents with Women in Racing

Kindred has extended its partnership with Women in Racing on the Racing Home programme, which aims to educate stakeholders within the racing industry about motherhood and parenthood.  Racing Home has now launched an online educational portal as well as a rehabilitation programme and a podcast series to further support working parents. This offers guidance to mothers returning to riding post-pregnancy, as …

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Kindred cites increased intervention measures behind Q1 3.3% problem gambling rate

Kindred Group hits out at proposed Swedish measures

Kindred Group has detailed that its share of revenues derived from problem gambling fell further during Q1 2021 to 3.3%, as it continues to work towards its 0% target by 2030. Issuing an update, the international betting and gaming group revealed that its problem gambling revenue share had declined from 4% in Q4 2021, coupled with a 79.2% improvement rate …

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Kindred expands core sportsbook partnership with Kambi

Kindred Group has announced two enhancements of its sports betting product, leveraging Kambi Group’s sports betting services whilst working to boost the scope of its own Kindred Racing Platform (KRP).  The three-year deal between the Stockholm Nasdaq-listed gambling groups will see Kindred utilise Kambi’s B2B sports betting platform until the end of 2026 as it looks to roll out its …

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Kindred clears Q4 turbulence to deliver record profits

Kindred Group Plc has navigated the significant headwinds of a tough fourth quarter trading period to deliver investors what it cited as ‘its strongest year to date’.  Publishing its unaudited 2021 results, the firm has registered full-year corporate revenues of £1.259bn, up 11% on corresponding FY2020 results of £1.130bn. 2021 headline performance was maintained despite significant events impacting Kindred’s year-end …

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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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