Tag Archives: Kindred Group

Former MGA CTO charged with money laundering and bribery

The Malta Gaming Authority (MGA) has confirmed that its former Chief Technology Officer (CTO) Jason Farrugia and his wife Christine Farrugia have been charged with a range of financial crimes.  These include money laundering, accepting bribes, fraud and trading in influence by abusing his leadership position as CTO of the MGA, according to The Times of Malta.  Additional charges include fraud …

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SBC Summit North America 2023 confirmed for May in New Jersey

SBC Summit North America 2023 has been confirmed for May 9-11, when the region’s leading sports betting and igaming event will return in significantly expanded form at Meadowlands Exposition Center in Secaucus, New Jersey.  The conference and tradeshow has enjoyed strong growth since its launch in 2019 and has established itself as the place for the U.S. and Canadian online …

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Kindred renews support for Rangers’ mental health programme

Kindred Group has renewed its investment in the Team Talk programme which will see a ‘significant’ investment as Rangers Charity Foundation continues to work on its development. Boosted by initial funding received from the firm in 2021, Team Talk has already helped men across Glasgow to seek advice, help and encouragement in discussing their mental health. “The investment we are …

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Kindred sharpens proprietary focus to counter post-covid global realities 

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

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Kambi clears Q1 hurdles as 2022 opening is dragged by DraftKings & Dutch dramas   

Kambi Group Plc maintains confidence in achieving its 2022 commercial and operating objectives, despite a tough start to year trading.  Publishing its Q1 trading results (period ending 31 March), the Stockholm-listed sports betting technology supplier registered a 15% decline in corporate revenues to €37 million (Q1 2021: €43m). This fall in headline revenues was attributed to Kambi’s adjustment of former …

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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 forecasts 30% revenue slump due to Dutch KOA drag

Kindred Group has notified investors that it anticipates a 30% revenue decline in corporate revenues to £247 million, as a result of ‘temporary Dutch market headwinds’ impacting its business.  The Stockholm-listed online gambling group issued a pre-close trading update ahead of its Q1 earnings call on Thursday 28 April, alerting investors of its expected + £100 million slump in revenues. …

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Data scientist Axel Lyckberg wins Swedish Gambling’s Leader of the Year award

Playscan CTO and Svenska Spel data scientist Axel Lyckberg has been named Swedish online gambling’s leader of the year by trade bodies Spelbranschens, Riksorganisation (SPER) and Branschföreningen för Onlinespel (BOS).  On Wednesday 30 March SPER and BOS announced the winners of the 2022 Swedish Gambling Awards – which recognise and reward the companies and leaders placing sustainable play and corporate …

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Bookies Corner: Oscars night signals a changing tide for all entertainment

On Monday 28 March, Hollywood returns to the Dolby Theatre to celebrate the 94th Academy Awards. Kicking starting 2022’s entertainment markets, how have bookmakers factored the mass changing viewer habits disrupted by COVID-19 global lockdown?  Can bookmakers trust the critics and judges, as Award contenders point to movies that have been shunned by audiences…  SBC: Following 2-years hosted under lockdown …

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