Tag Archives: Kindred Group

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 …

Kindred Group Plc has published its Sustainability Report for 2021, updating investors and corporate stakeholders on the progress of its long-term CSR objectives and underlining a sustainable operating strategy.  Entering 2021, Kindred’s executive leadership team announced that the Stockholm-listed operator would become the first online gambling plc to report on safer gambling and sustainability metrics as a financial duty. The …

Gamban has expanded the international scope of its blocking software, launching an official Spanish language service available in multiple countries.  The service can be downloaded in all Spanish-speaking nations, but the online gambling blocking company has noted that in Spain, the gambling authorities and government have become increasingly focused on safer gambling.  Notably, the Spanish Competition & Markets Commission (CNMC) …

Kambi Group CEO Kristian Nylén has increased his personal shareholding in the company by 22,500 shares, as the firm seeks to secure greater control of its future strategic direction.  Nylén used the current exercise window to gain all of his 22,500 share options based on the 2018 buyback programming, thereby boosting his shareholding in Kambi from 720,000 to 742,500. The …

Kindred Group has faced significant regulatory hurdles in the Nordic markets over the past week, with two of its subsidiaries falling foul of authorities in Norway and Denmark.  Last week, the Norwegian Lotteries Authority informed the Nasdaq Nordic-listed gambling group’s Trannel International brand that it would be hit with a daily fine of NOK 1.2 million (€120,000) if it does …

Live table gaming studio, On Air Entertainment has secured deals with two UK-based online casino operators to expand its reach within the country’s regulated market. The partnerships, that include Betway and 32Red, will allow both companies to deliver the player-focused game to their UK players’ devices by gaining instant access to OnAir’s premiere blackjack offering. Furthermore, the latest move will see …

Kambi Group Plc has praised its diverse market make-up for  helping the sportsbook systems provider maintain year-on-year growth, irrespective of pandemic circumstances impacting its commercial pipeline.  Publishing its Q4 trading update, Kambi registered corporate revenues of €35 million, down 26% on corresponding 2020 results of €47 million. Q4 trading was matched against record-breaking 2020 comparatives for sportsbook clients. Performance was …

Kindred Group’s Board of Directors has made the decision to exercise the buyback programme first initiated last year, with the firm now able to repurchase up to six million of its own shares.  Running between 10 February and 12 May, the total share repurchases amount to a total of SEK 300 million and must not exceed this amount, whilst the …

Two pieces of draft legislation have been submitted to the Hungarian Parliament with the goal of liberalising the country’s betting market, effectively ending the monopoly of the state-operated Szerencsejáték Zrt. The legislation, titled no. 2022/66/HU and no. 2022/67/HU respectively, seek to establish a licensing regime for private operators based on two previous European Court of Justice (CJEU) decisions in favour …

Kindred Group has provided an update on its ‘Journey to Zero’ initiative, first introduced one year ago, which has seen the firm pledge to generate 0% of revenue from harmful gambling by 2023.  Publishing two separate reports, Kindred updated that harmful gambling revenue increased from 3.3% in Q3 2021 to 4% in Q4, although in the UK this figure decreased …