Tag Archives: Kindred Group

Five firms active in Denmark’s betting market have committed to a cash injection into the Danish Gambling Committee (DGC), a university research initiative into gambling harm. An initiative of the Research Clinic for Gambling at Aarhus University, the programme aims to begin its first research projects this year, continuing for a planned three-year period. Projects will focus on research into …

Kambi has fully repaid the €7.5m convertible bond held in its business by Kindred Group, enabling the B2B betting and gaming supplier to expand directional control. The bond was established as part of the terms of Kambi’s divestment from Kindred back in 2014, after which Kindred became a primarily B2C-focused company via its Unibet and 32Red holdings. Despite the divestment …

Kindred Group has a history of navigating regulatory changes across Europe, Group CEO Henrik Tjärnström informed investors in a webcast this morning, and remains confident in the face of impending reforms in the UK, Belgium and the Netherlands. A very British future Answering a question from SBC following the group’s Q1 trading update, Tjärnström remarked that the upcoming UK White …

Kindred Group cites a return to positive trading in Q1 2023 after a difficult 2022, with profit noticeably recovering from a major dip last year, but the firm has detailed that it will continue to assess ‘alternative options’ to maximise revenue. A recovery from dire 2022 The company updated its Stockholm Nasdaq-investors this morning that ‘encouraging improvements’ across the first …

Kindred Group has reported progress on its ‘Journey to Zero’ safer gambling goal, reporting its lowest-ever share of revenue from harmful gambling of 3%. This marks a 0.3 percentage point decrease on the 3.3% registered in Q4 2022, which has been the most consistent figure throughout the Group’s mission since inception back in 2021. When the goal was first adopted, …

Kindred Group has further strengthened its position in the US, signing an agreement with the Swinomish Tribe – a tribal casino operator – to secure entry in Washington State. The six-year deal with the Swinomish Indian Tribal Community will result in the Sweden-founded betting and gaming group rolling out Unibet-branded betting kiosks at its partners casino venues. Phase one of …

Following a £7.1m fine and an official warning against two of its UK businesses this morning, Kindred Group has placed confidence in its existing raft of sustainability measures. Issuing a response to the £4.2m and £2.9m penalties issued to 32Red and Platinum Gaming this morning by the UK Gambling Commission (UKGC), the betting group asserts that the failures responsible are …

​​Kindred Group will take “immediate actions to improve profitability” following 2022 difficulties, which saw its business witness double-digit declines across all core trading metrics.   A ‘difficult year’ had been previously outlined by Kindred leadership, as revenue declined by 15%, despite a performance bounceback in the fourth quarter, although this too fell short of group ambitions. In its trading update for …

Kindred Group generated 3.3% of its total revenue from harmful gambling during Q4 2022, the firm asserts, marking a return to form after the number rose to 3.8% in Q3. As it stands, the group’s percentage of revenue from harmful sources remains steady, having stood at 3.3% during the first and second quarters of 2022.  The firm set itself a …

Sustainability and safer gambling consultancy group SG:certified has confirmed Maris Catania as the latest member of its team. Catania will take on the responsibility of a Safer Gambling Senior Consultant with the firm, contributing to developing up-to-date and effective safer gambling content. Her areas of focus will include training, assessments, recommendations of best practices, benchmarking and research digests, whilst supporting …