Tag Archives: Kindred

32Red posts ‘Record Breaker 2016’ ahead of Kindred acquisition

The governance of 32Red Plc has declared a ‘record year for revenue and profits’ ahead of its £175 million acquisition by Stockholm-listed Kindred Group (deal confirmed 23 February). Presenting its full-year 2016 results, in what will likely be its last corporate update as a London AIM-listed enterprise. 32Red recorded corporate revenues of £62 million up 28% on corresponding FY 2015’s …

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£175.6m acquisition of 32Red expands Kindred’s multi-brand strategy

Henrik Tjärnström, CEO of Kindred Group, has said that his firm’s £175.6m acquisition of 32Red is consistent with the firm’s ‘multi-brand strategy and stated desire to grow our business in regulated and soon to be regulated markets’. 32Red will now join Kindred’s stable of brands which includes Unibet, Stan James, Maria Casino and Bingo.com. Commenting on the deal, announced this morning, …

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Henrik Tjärnström – Kindred success cannot be copied by competitors

Speaking to Kindred Group investors and corporate stakeholders, CEO Henrik Tjärnström described 2016 as a transformative year for the enlarged operator which has successfully incorporated new assets and expanded its existing verticals. Closing his firm’s most successful year in business, Tjärnström states that 15-brand Kindred Group (formerly Unibet Group Plc) has achieved its long-term goal of becoming a ‘true European …

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Enlarged Kindred Group hits all metric highs for full-year 2016

Releasing its unaudited year-end report, Stockholm-listed European sports betting operator Kindred Group Plc (formerly Unibet Group Plc) is likely break it all-time revenue and earnings performance for full-year 2016. The enlarged operator was able to post a further consecutive all-time revenue generating quarter of £152 million for Q4 2016 (Q4 2015: £111 million). Kindred would record a period underlying EBITDA of …

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