Tag Archives: Kindred

Kindred lauds product excellence as uninterrupted H1 delivers record results 

Kindred Group Plc has registered record gains across its H1 metrics, following an ‘exceptionally strong business period’.  Publishing its H1 2021 interim results (period ending 30 June), the Stockholm listed online gambling group declared period profits of £160 million – up 575% on 2020’s corresponding H1 results of £27.8 million. Though performance comparatives were set against the peak COVID-19 impacts …

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Kindred launches ‘Bettor Time’ to achieve 0% harmful gambling revenue

Kindred has partnered with Zafty Intelligence and Assissa Consultancy Europe to launch its ‘Bettor Time’ app, as part of its wider commitment to generating 0% of revenue from harmful gambling by 2023. The Bettor Time app is designed to assist customers with staying in control of their gambling behaviour by monitoring app usage and alerting users to potentially harmful changes in …

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Sweden split on calls for the ‘moderation of gambling advertising’

Sweden’s Ministry of Finance has published a memorandum proposing that gambling advertising should be forced to carry a ‘moderation warning’, mirroring alcohol advertising. The amendment would take effect on 1 July 2022 if successfully implemented, and aims to ‘strengthen consumer protection’ by placing ‘higher demands’ on the production of responsible gambling advertising. Advising the government to amend “the requirement for …

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BGC members commit ‘vital funds’ to charities from Britannia Stakes profits

A group of Betting and Gaming Council (BGC) members have committed to donate all-profits from the Britannia Stakes, giving a ‘major’ financial boost to a selection of charities. Participating BGC members include bet365, BetVictor, Betway, Entain (Ladbrokes, Coral), Flutter Entertainment (Paddy Power, Betfair, Sky Bet), William Hill, Kindred (Unibet), Rank Group (Grosvenor Sport), the Tote and Fitzdares. “I am absolutely …

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Kindred launches revamped employee share scheme 

Kindred Group Plc has launched a new ‘All Employee Share Plan’ (AESP) which will allow its workforce to benefit from the success of the group through share ownership. The new AESP scheme will be made available to all current and future Kindred employees, with the exception of personnel registered as executive management of the Stockholm-listed online gambling group.  The scheme …

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Caesars initiates bidding contest for William Hill’s UK and European assets

Caesars Entertainment has announced that it will begin the bidding contest for the European and UK home assets of WIlliam Hill, formally completing its takeover of the heritage bookmaker last month.  Reported in The Telegraph, the sale will include all of William Hill’s high street shops – which number around 1,400 in the UK and Ireland – as well as …

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Focus on regulated markets drives Kindred Q1 growth

Focus on regulated markets drives Kindred Q1 growth

Kindred Group Plc’s focus on regulated European markets, alongside a return of a strong sporting calendar, has helped drive the operator’s growth during Q1 2021. Publishing its financial results for the three months ended 31 March, Kindred reported that EBITDA had jumped from £32.5 million in the corresponding period last year to £97.6 million – something which the operator group …

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Kindred adds ‘sustainability council’ to its boardroom duties

Kindred Group Plc has published its ‘2020 Sustainability Report’ outlining its progress on core objectives related to social responsibility, safer gambling, customer care, employee well-being and corporate governance.  2020 saw Kindred become the first publicly listed online gambling firm to disclose ‘transparent KPIs’ tracking the percentage of gross-win revenues derived from harmful gambling.  Transparent KPIs have been added to the …

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David Clifton, Licensing Expert: Vital Statistics – Measuring the extent of gambling reforms required in the UK

As the well-known saying goes, “there are three kinds of lies: lies, damned lies, and statistics”. It was wrongly attributed to the nineteenth century UK Prime Minister, Benjamin Disraeli, but that’s not going to stop me from using it as the starting point for this monthly round-up of UK gambling law and regulation. Fast forward 150 years from Disraeli’s time …

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Henrik Tjärnström: ‘No sleep till Kindred hits 0% harm’ 

Kindred Group’s pledge to incorporate ‘transparent safer gambling metrics’ as part of its financial reporting duty has been deemed a ‘leadership milestone’ by company chief executive Henrik Tjärnström. This week, Kindred became the first listed operator to publicly disclose information on its share of corporate revenues generated from ‘high-risk customers’, alongside further data tracking its group-wide safer gambling efficiencies. Tjärnström …

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