Tag Archives: Kindred Group

Kindred counts cost of US withdrawal as FDJ demands Norway exit ahead of takeover

Nils Andén, Kindred CEO

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders set to vote on the future of the Stockholm online gambling group. The focus on cost controls is required as Kindred published its Q4 and full-year 2023 results this morning, revealing period corporate losses of £19m (Q42022: £52m). Full-year accounts see profits ‘before tax’ decline …

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Kindred faces high-profile customer liability lawsuit in Stockholm

SBC News Kindred faces high-profile customer liability lawsuit in Stockholm

Kindred Group faces a high-profile legal challenge in Sweden as Stockholm’s District Court begins the hearing of a lawsuit brought by Per Holknekt. The fashion designer and founder of Odd Molly has accused Kindred Group and its subsidiary Spooniker Ltd of “feeding his gambling addiction, which spiralled out of control”. Prior to the lawsuit, Holknekt admitted to Swedish media that …

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“We risk problems with a good idea” – Kindred’s Tom Banks on the affordability question

Kindred Group - Nils Andén, Tom Banks

The debate around affordability checks has been an intense conversation throughout the overhaul of Britain’s gambling legislation, which the UK government hopes to update for the digital age. April’s White Paper, which brought an end to an over two year review of the 2005 Gambling Act, recommended ‘finance risk checks’ as the ideal affordability solution. Kindred’s Head of Corporate Affairs UK/Global, Tom Banks, …

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Unibet, Jockey Club and BHA enhance opportunities for ‘quality 10-year-old-plus chasers’

SBC News Unibet, Jockey Club and BHA enhance opportunities for ‘quality 10-year-old-plus chasers’

Unibet, collaborating with the Jockey Club and British Horseracing Authority (BHA), is launching a new middle-distance veterans’ chase series for 10, 11 and 12-year-olds over two miles and four furlongs. Branded as the Unibet Middle Distance Veterans’ Series, the Kindred Group-owned operator and its partners outlined that the initiative was created to generate more opportunities for ‘quality 10-year-old-plus chasers’ – …

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Unibet to sponsor Cheltenham’s Champion Hurdle until 2028

SBC News Unibet to sponsor Cheltenham’s Champion Hurdle until 2028

Unibet has extended its sponsorship of the Unibet Champion Hurdle for a further five years. The race takes place on the Old Course during the opening day of Cheltenham Festival, with only three companies having sponsored it before. The Kindred Group-owned operator has sponsored the race since 2011, seven years as Stan James before Unibet took over in 2018.  Since …

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Erik Backlund: Keeping Kindred competitive in an era of information overload

SBC News Erik Backlund: Keeping Kindred competitive in an era of information overload

The intersection between sports betting and sports media is a space and talking point not many industry stakeholders are unfamiliar with. Erik Backlund, Kindred Group Chief Product Officer, offered an operator’s perspective into this area ahead of the SBC Summit Barcelona. For Kindred, Backlund explained, a redefining of the group’s outlook and operational scope has been essential to ensuring its …

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Kindred enhances White Hat Studios’ reach in New Jersey and Pennsylvania

SBC News Kindred enhances White Hat Studios’ reach in New Jersey and Pennsylvania

Kindred Group has announced a partnership with White Hat Studios as the latter bolsters its reach in two US states. The slots provider will now see its portfolio of titles made available on Kindred-owned Unibet’s casino platform, such as Almighty Buffalo Megaways. The Malta-headquartered operator will deliver these alongside the White Hat’s jackpot system Jackpot Royale and its range of …

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Nils Andén: Kindred confident of Netherlands number one spot

Nils Andén, Kindred CEO

The impact of developments in the low countries over the past year has been felt by many international betting firms and Kindred Group is no exception to this, in both a positive and negative sense.  Group CEO Nils Andén, and CFO interim Patrick Kortman, outlined how market conditions in the Netherlands and Belgium had influenced Kindred’s Q2 financial performance in …

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Kindred begins 2023 turnaround on cost efficiency to drive profits  

Nils Andén, Kindred CEO

Kindred Group Plc has updated investors on a period of intense activity, in which its business has undertaken a change in leadership and implemented a strategic review of markets and operations.   Publishing its H1 2023 interim results, the group said it continues to focus on “gaining operational efficiencies to increase profitability”. Headline growth saw Kindred register Q2 group revenues of …

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