Tag Archives: Kindred Group

Kindred marks Q2 comeback ahead of July interim statement

Despite the cancellation of live sporting events over the past few months, Kindred Group expects a ‘substantial’ increase in gross revenues during Q2, attributing the growth to technology, esports and virtual sports alternatives. Ahead of publishing its interim report on 24 July 2020, Kindred anticipates that Q2 gross revenue will equate to approximately £235 million, up from £226.2 million in …

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BGC: Charities win big as bookies take beating in Britannia Stakes

UK Bookies have raised £250,000 for Cancer and Covid-19 charities after taking a beating on Thursday’s Britannia Stakes race at Royal Ascot. Earlier this week, Betting and Gaming Council (BGC) members vowed to donate all profits, after levy and duties were deducted, from win and each-way bets made on the race to charity. Participating bookmakers included Paddy Power Betfair, bet365, …

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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 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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Kiron goes live with Unibet

Kiron has boosted its presence across core European markets after agreeing to supply its virtual racing products to Kindred Group subsidiary, Unibet. Under the agreement, Kiron has made its horse racing and greyhound racing products live on the sportsbook’s main racing page via the company’s partnership with ATR, which is expected to deliver rapid-play betting experiences for Unibet customers. Ben …

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Swedish leaders warn Minister Shekarabi of channelisation consequences  

CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …

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Kindred confirms Johan Wilsby as inbound CFO

Further to publishing its Q1 2020 trading update this morning, Kindred Group Plc has confirmed the appointment of Johan Wilsby as new Group Chief Financial Officer (CFO). Wilsby is to join Kindred’s executive leadership team in Autumn 2020, and will replace current CFO incumbent Albin de Beauregard. A seasoned financial lead for fast growth technology enterprises, Wilsby will join Kindred …

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Kindred Q1 growth hit by exceptional charges

Kindred Group has this morning published its Q1 2020 trading update stating that its business model has shown its ‘resilience against COVID-19’s exceptional circumstances’. The Stockholm-listed operator recorded a strong opening to 2020 trading, with group revenues ‘returning to double digit growth’ with the group reporting a 11% increase to £250m (Q12019: £224m). During Q1, Kindred detailed that all core markets …

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Henrik Tjärnström: Kindred is unafraid of challenging the status quo on sustainable practices

Stockholm-listed Kindred Group has lauded its ability to ‘challenge the status quo’ when it comes to responsible gambling efforts, emphasising that the group can adapt its business strategy facing the realities and demands of sustainable gambling. Publishing its third annual ‘Sustainability Report’, Kindred has outlined five key priority areas which it will focus on in the coming years including ‘responsible …

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Affiliate leaders confirmed for CasinoBeats Malta 2020

Attendees of CasinoBeats Malta 2020 will benefit from the expertise of both affiliates and operator affiliate managers as more leading companies and senior executives have been confirmed for the March event. The agenda for the premier online casino conference and exhibition, which takes place at the InterContinental Malta on 24-26 March, makes CasinoBeats Malta 2020 one of the key dates in this year’s …

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