Tag Archives: Kindred

Henrik Tjärnström – Kindred will reap benefits of its ‘local appeal’

Speaking to Kindred Group Plc investors, Group CEO Henrik Tjärnström said that the Stockholm-listed online gambling group will demonstrate its capacity as it arrives at its ‘peak season’ of activity, entering the closing months of 2019. Tjärnström acknowledged a tough but anticipated H1 2019 trading period, in which Kindred has undertaken significant adjustments to realign its operations to be compliant …

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Kindred ups operating costs to accommodate for licensed realities

Publishing its unaudited 2019 interim report (January-June), Stockholm-listed Kindred Group Plc has detailed confidence in its long-term prospects, as the company continues to adjust to new regulated market demands across its operating territories. Despite competing against a tough comparative period featuring World Cup 2018 trading, Kindred continued its positive revenue momentum by recording year-to-date group gross winnings of £450 million …

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Kindred drops Spanish market pursuit

Kindred Group hits out at proposed Swedish measures

Stockholm-listed Kindred Group Plc has this morning confirmed that it will not pursue its licensing application for the regulated Spanish online gambling market. The European online gambling group details that it had begun its DGOJ licensing application process in December 2018. However, a strict deadline to adjust its platform provisions for Spanish market compliance requirements sees Kindred withdraw its application …

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Unibet ‘chess proposition’ triggers Norway drama

A potential tie-up between Norges Sjakkforbund (NSF) – Norway’s Chess Federation – and online bookmaker Unibet may turn into a political showdown for multiple national stakeholders. Norwegian media reports that NSF has been approached by Kindred Group Plc’s flagship sportsbook property Unibet, offering the federation a NOK 50 million (€5m) partnership – Norwegian Chess’ biggest ever sponsorship. Reacting to the news, …

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Kindred Group recognised as Top-30 UK employer

‘Best Workplaces’ a UK index measuring employer and employee wellbeing have named industry incumbent Kindred Group Plc as one of the ‘top 30 workplaces’. The Stockholm-listed enterprise has ranked as a top UK workplace, as a large company employing 250-to-1000 staff members. In its review, Best Workplaces described Kindred as maintaining ‘a great working environment’ for its ‘diverse workforce’, with …

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Home market costs sit heavy on Kindred Group’s 2019 opening

Stockholm-listed Kindred Group Plc reports a tough opening to its 2019 trading, as the online gambling group undertakes a series of adjustments related to its home market of Sweden. Publishing its unaudited Q1 2019 trading update , Kindred maintains its strong group revenue momentum recording ‘Gross winnings’ of £224 million (Q1 2018: £208m), However  Swedish market costs have impacted metric …

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Kindred moves to new Stockholm HQ with commitment to hiring 250 new employees

Kindred Group Plc has today moved to its new ‘state-of-the-art’ headquarters, located at the ‘AMF Urban Escape’ building in Central Stockholm. First announced in November 2017, Kindred’s relocation sees 350 Stockholm employees staffed in a purpose built, innovation-enabling 7,000 sqm office designed by AMF Fastigheter. Kindred has taken over two floors at the Urban Escape’s ‘Regeringsgatan 29 building’ starting April …

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GVC and Hero become the latest to join Swedish gaming association


GVC Holdings and Hero Gaming are the two latest gaming operators to join the Swedish industry association Branschföreningen för onlinespel (BOS) which encourages probity, integrity and social responsibility for operators. The membership is set to apply to all gaming brands under the GVC and Hero umbrellas, including GVC’s bwin, PartyPoker and PartyCasino. For Hero, this will cover its Casino Heroes, …

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Lotteritilsynet deepens Norway payment blackout

Norway’s gambling authority Lotteri-og Stiftelsestilsynet (Lotteritilsynet), continues its hardened stance against remote gambling operators, deemed to be illegally targeting national consumers. Upping its command on restricting remote gambling services, this weekend Lotteritilsynet revealed that it had ordered all Norwegian licensed banks to block payment transactions which could be identified for the purposes of online gambling. The Times of Malta reports …

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