Tag Archives: Stockholm

Stockholm District Court dismisses Holknekt challenge against Kindred 

SBC News Stockholm District Court dismisses Holknekt challenge against Kindred 

The District Court of Stockholm has dismissed a legal challenge against Kindred Group related to the compensation of losses of gambling addict Per Holknekt. Renowned fashion designer and founder of online retailer Odd Molly, Holknekt began legal proceedings in July 2022 against Kindred Group and its relationship with subsidiary Trannel Ltd. Holknekt claimed that he was a VIP customer of …

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Betsson rewards investors €89m dividends to celebrate Jubilee 2023 results 

Betsson AB CEO Pontus Lindwall

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …

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Catena bets on Tech & AI upgrades to overturn dire FY2023 results

Catena Media

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

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Kindred hails improved customer interventions in latest Journey to Zero update

SBC News Kindred hails improved customer interventions in latest Journey to Zero update

Kindred Group Plc cites that improved customer interventions have led to a ‘slight decrease’ in revenue share generated from harmful gambling, recorded during the close of 2023. The Stockholm-listed gambling group continues to report on responsible gambling metrics and customer interventions on a quarterly basis as part of its ‘Journey towards Zero’- a social responsibility initiative launched in February 2021.  …

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Kindred faces high-profile customer liability lawsuit in Stockholm

SBC News Kindred faces high-profile customer liability lawsuit in Stockholm

Kindred Group faces a high-profile legal challenge in Sweden as Stockholm’s District Court begins the hearing of a lawsuit brought by Per Holknekt. The fashion designer and founder of Odd Molly has accused Kindred Group and its subsidiary Spooniker Ltd of “feeding his gambling addiction, which spiralled out of control”. Prior to the lawsuit, Holknekt admitted to Swedish media that …

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Kambi activates €2.8m buyback programme to enhance capital structures

SBC News Kambi activates €2.8m buyback programme to enhance capital structures

The Board of Kambi Group Plc has initiated a share repurchase programme following the mandate approved by investors of the Stockholm-listed sports betting technology group at the Extraordinary General Meeting (EGM) on 19 June 2023. Initiated on the morning of the announcement, the buyback programme will run until 21 May 2024, allowing investors to repurchase Kambi Group plc shares up …

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Kindred hires Bolin Communications to lead Swedish public affairs

SBC News Kindred hires Bolin Communications to lead Swedish public affairs

Kindred Group Plc has appointed Bolin Communications to serve as its new public affairs agency for Sweden.  Launched at the start of 2023, Bolin Communications is the new public relations and public affairs agency of Swedish media figurehead Jacob Bolin. Bolin is a former partner of Stockholm-based agency Fuze PR, responsible for campaigns, projects and stakeholder management related to politics …

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Kambi rebalances network in Q3 as new deals brighten future prospects 

SBC News Kambi rebalances network in Q3 as new deals brighten future prospects 

Kambi Group Plc has reaffirmed its long-term commercial prospects following strong Q3 trading in which it has secured transformative agreements with Svenska Spel and LiveScore Group. Publishing its Q3 2023 trading update, the Stockholm-listed sports betting technology group achieved corporate revenues of €42m, up 15% on Q3 2022 comparatives of €37m.  Headline growth was achieved despite Kambi registering a lower …

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Raketech ups  2023 guidance on ‘better-balanced product mix’

SBC News Raketech ups  2023 guidance on ‘better-balanced product mix’

Raketech Plc cites confidence in achieving its full-year 2023 financial and corporate objectives, following record-breaking Q2 results.  Publishing its latest trading update, Raketech sees its media network achieve all-time high quarterly revenue of €17.6m. The revenue result reflects a 56% increase on 2022 Q2 comparatives of €11.3m. The Nordic Nasdaq media group underscored “an organic growth of 56.0%” combined with …

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Catena launches new SEK 55m buyback programme

SBC News Catena launches new SEK 55m buyback programme

The board of Catena Media Plc has authorised the company to proceed with a new SEK 55m (€4.8m) share buyback programme. The transaction was ratified at an extraordinary general meeting held on 12 July 2023, following an initial resolution at the annual general meeting on 24 May 2023. Catena explained that “the purpose of the programme is to deliver shareholder …

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