Tag Archives: Kindred Group

Year in Review Part Three – Firms look to Nasdaq whilst William Hill auction comes to a close

The third quarter of 2021 saw further regulatory developments across Europe, and one of the year’s biggest M&A saga’s concluded as 888 Holdings finalised the terms of its William Hill acquisition.  Sportradar, the Swiss sports data and technology company, successfully completed its public listing on the US Nasdaq stock exchange in September, with some assistance from basketball legend Michael Jordan. …

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Liv Biesemans, Kindred: No Google of gambling industry ‘anytime soon’

The past year has seen a number of major acquisitions – as well as some prominent failed ones – in the international betting and gaming scene, but the prospect of a ‘betting industry Google is not around the corner. This is according to Kindred’s Group Deputy General Counsel Liv Biesemans, who shared her views on M&A developments whilst also making …

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Kindred aims to support ‘delivery of concrete actions’ with Women in Racing tie-up

Women in Racing has announced a partnership with Kindred Group and the Racing Foundation, with the two organisations supporting its ‘Racing Home’ project.  As a result of the triple agreement, Nasdaq Stockholm-listed sports betting operator Kindred and the Racing Foundation will provide funding for the Racing Home initiative, which has an objective of being a ‘cultural leader in the sports …

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Kindred completes buyback programme with 942,000 shares purchased in December

Kindred Group has successfully completed the buyback of 942,000 shares between 1 December and 17 December, as part of its wider long-running buyback programme. The buyback programme, which was first initiated on 23 July 2021 by the company’s Board of Directors, has seen Kindred re-purchase a total of 4,652,000 shares at a price of 129.0 SEK per share, with Nordea …

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BGC lauds industry’s ‘huge contribution’ in community and social initiatives

The Betting and Gaming Council (BGC) has provided an overview of the gambling industry’s 2021 CSR initiatives, focusing on community outreach, economic and social contribution, promotion of equality and diversity, employee support and environmental initiatives.  A number of prominent companies were highlighted in the report, including bet365 Group, Flutter Entertainment, William Hill, Gamesys and Entain, whilst BGC members in general …

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EveryMatrix lauds ‘balanced portfolio’ delivering growth across all business segments

EveryMatrix

EveryMatrix has detailed a strong performance across its three main business verticals during the first nine months of 2021, outlining plans for further investments to support its US expansion.  Publishing its interim 2021 trading report (Q1-Q3 2021) – the B2B gaming technology provider reported year-on-year gross profits of €37.6 million, an increase of 35%, as Q3 registered a profit increase …

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Due diligence breaches see Unibet sanctioned by Danish authorities

Unibet has faced enforcement actions by the Spillemyndigheden, the Danish Gambling Authority, for breaches of anti-money laundering and due diligence requirements. The Kindred Group brand has been accused of failure to comply with due diligence rules and allowing a player to deposit DKK 1.4 million to his account between December 2016 and December 2018 without ‘sufficient knowledge about whether or …

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English speakers identified as most at-risk problem gambling group by Gambless

Gambless has recorded 3,500 self-assessment tests completed via its mobile app, revealing strong differences in problem gambling across international borders, with English speakers encountering issues much more than other linguistic groups. Publishing its first annual report, the Mindspa-funded and ORCHHA-certified international gambling harm prevention app found that English speakers, mainly from the US, UK, and Australia, recorded a 57% higher …

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KSA enforces toughest monitoring of unlicensed actors

Kansspelautoriteit (KSA) has stated that it is closely monitoring 25 unlicensed online gambling operators to ensure that they are not engaging with Dutch consumers.  The Netherlands Gambling Authority underlined that it had taken a new enforcement approach following October’s launch of the KOA Regime – bringing the Netherlands regulated online gambling marketplace into force. On 1 November, KSA announced that …

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