Stockholm-listed Kindred Group Plc has revealed that its gross winning revenues for Q4 2019 have been hampered by both weak sports betting margins and the costs of its US expansion efforts. As confirmed in a pre-market update, Kindred explained that its expected revenues will be in the region of £235m for the final three months of 2019, marking a decrease …Read More »
Tag Archives: Kindred Group Plc’.
The European Gaming and Betting Association (EGBA) has revealed an 11% growth in the online gambling market across Europe, with the UK accounting for 32.4% of the market. According to market data published by the EGBA in partnership with H2 Gambling Capital, the market expansion saw gross gaming revenue rise from 2017’s €20m to €22.2m year-on-year. Maarten Haijer, secretary general …Read More »
Stockholm-listed Kindred Group Plc will launch a US-specific affiliate marketing programme powered by Paysafe Group’s Income Access software. Working in partnership with Income Access, Kindred is accelerating its US market prospects having launched flagship Unibet brand in the state of New Jersey this June. Fulfilling a key corporate goal, Kindred has successfully secured a ‘Casino Service Industry Enterprise License’, allowing the Stockholm …Read More »
As a sign of corporate growth and progress, Kindred Group CEO Henrik Tjärnström has stated to investors that corporate comparative trading periods will only get tougher for the Stockholm-listed enterprise. Presenting Kindred’s H1 2018 interim leadership update, Tjärnström acknowledges that a further ‘all-time high’ trading quarter has been driven by World Cup Russia 2018, with Kindred achieving its biggest active …Read More »
Following today’s ‘Extraordinary General Meeting’ (EGM), shareholders of Stockholm-listed Unibet Plc have approved the firm’s proposed name change from ‘Unibet Group Plc’ to Kindred Group Plc. Updating company stakeholders, Unibet governance detailed that its expects its first full day of trading under the Kindred Group name to be on Monday 12 December 2016. This September Unibet governance issued a corporate …Read More »
Updating investors, Unibet Plc’s board has detailed that it is considering changing its holding company name from ‘Unibet Group Plc’ to ‘Kindred Group Plc’. The name change has been proposed in order to ‘improve synergy, clarity and flexibility’ for Unibet’s enlarged group, which following a number of European acquisitions is made up of online gambling assets; Unibet, MariaCasino, Bingo.com, Stan …Read More »