Tag Archives: Kindred

Kindred Group Plc has detailed a ‘solid start’ to the year’s trading, maintaining focus on growth in core European markets and Australia. Publishing its Q1 2024 trading update, the Stockholm-based online gambling group’s Q1 revenues stand equal with 2023 comparatives of £307m. Period trading reflected marked improvements in the Netherlands (+24%) and the UK (+20%), as Kindred’s Western Europe segment …

Kindred’s ‘Journey towards Zero’ campaign to eliminate revenue gained from at-risk players seems to have taken a step backwards in the initiative’s latest update.  The company reported “a slight increase” in revenue from players prone to gambling harm in the first quarter of 2024, reaching the 3.2% mark in gross winnings compared to Q4 2023’s 3.1%.  As a result of …

Française des Jeux (FDJ) Chairwoman and CEO Stéphane Pallez has praised the group’s first quarter performance as online sports betting and gaming revenues rose 9.5% YoY to  €141m as overall group revenues rose 7% to €710m and that it was “confidently pressing ahead” with its proposed €2.4bn acquisition of Unibet parent Kindred Group. Updating markets, FDJ noted that completion of …

Super Group has announced the appointment of Elen Barber as Chief Marketing Officer. Barber joins the holding company of Betway and Spin after spending over 13 years working for fellow operator Kindred Group.  On LinkedIn, Barber wrote: “I’m excited to share some news – I’m starting a new position as Chief Marketing Officer at Super Group (SGHC)! I am thrilled …

Groupe Française des Jeux SA (Groupe FDJ) has reached an agreement with Veralda for the purchase of 2.4m shares held in gambling group Kindred Group Plc  for SEK 122.5 a share.  The transaction officially marks the start of FDJ’s acquisition of Kindred, initiated in January which saw the Paris EuroNext gambling group tender a public offer of SEK 130 per …

Kindred Group has published its combined Annual and Sustainability Report for the 2023 financial year.  Providing an introduction to the company and its strategy and key value creation drivers, Kindred detailed its focus on expanding its share in locally regulated markets under the leadership of CEO Nils Andén. Emphasising the importance of navigating complex regulations to deliver compelling experiences to …

Groupe Française des Jeux (Groupe FDJ) has announced that it has received regulatory approval by Finansinspektionen, Sweden’s Financial Supervisory Authority, to proceed with its offer to acquire Kindred Group Plc. The Paris Euronext gambling group secures its Swedish market’s financial authorisation to formally launch its SEK 130 (€11.40) per share offer to acquire Stockholm-listed Kindred Group, a deal announced on …

Groupe FDJ lauds its improved operating efficiencies to overcome a year of stagnant results in its flagship Française des Jeux (FDJ) lottery offering. This morning, the Paris Euronext gambling group published its full-year 2023 accounts, declaring corporate revenues of €2.61bn, up 6% on FY2022 comparative income of €2.46bn. Corporate leadership underlined new efficiencies achieved in 2023, as FDJ’s recurring EBITDA …

Kindred’s responsible gambling initiative has picked up pace once more thanks to its collaboration with Sweden’s ATG and Svenska Spel.  The three operators, with the latter two being state-backed companies, started working together back in 2022 with the common goal of addressing the issue of problematic gambling behaviours in the Swedish market. Since then, the trio have been releasing joint …

Kindred Group PLC-owned Unibet has announced a new partnership with Optimove that will see the former fully optimising its CRM marketing activities.  The strategic investment into Optimove by Unibet shows a continued commitment to scaling retention and player lifetime as a key growth indicator for the business.  Through Optimove’s CRM Marketing solution, Kindred will be able to “measure and attribute …