Tag Archives: Stockholm

Evolution doubles 2021 profits as leadership aims to bolster new games pipeline

Evolution Gaming has surpassed the €1 bn mark in operating revenues recorded during 2021 –  buoyed by record-breaking Q4 results that registered double/triple digit growth across all core trading metrics. Publishing its full-year 2021 financial results, the firm registered Q4 revenues of €300m, up 69% on corresponding 2020 results of €177m. Revenue growth was attributed to a ‘continued global demand …

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Kindred clears Q4 turbulence to deliver record profits

Kindred Group Plc has navigated the significant headwinds of a tough fourth quarter trading period to deliver investors what it cited as ‘its strongest year to date’.  Publishing its unaudited 2021 results, the firm has registered full-year corporate revenues of £1.259bn, up 11% on corresponding FY2020 results of £1.130bn. 2021 headline performance was maintained despite significant events impacting Kindred’s year-end …

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Better Collective agrees on $12m incentive plan to retain Action Network talent

Better Collective AS has disclosed a new management incentive plan related to its acquisition of US media subsidiary Action Network. Last May, Stockholm-listed Better Collective closed its biggest M&A transaction to date by agreeing a $240 million deal to acquire Action Network – significantly bolstering the publisher’s US media presence. Better Collective’s Remuneration Committee has agreed terms on a management …

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Catena orders 10% buyback of Stockholm shares 

The board of Catena Media Plc has authorised the buyback of in excess of 7 million ordinary company shares, listed on the Stockholm Nasdaq exchange.  The order was granted as an outcome of an extraordinary general meeting (EGM) held on 14 July 2021, in which the board disclosed its plans to enhance the company’s “flexibility in distributing capital to shareholders …

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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 continues sustainability focus on ‘path to zero’

Kindred Group Plc continues to progress on its group-wide business sustainability objectives, despite recording a slight increase in revenues generated from harmful gaming.     Publishing its latest ‘safer gambling update’, the group saw its share of gross win revenues from high-risk players increase from 3.9% to 4.3% during the Q2 trading period.    Irrespective of the 0.4% increase, Kindred underscored that its …

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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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Kambi plans for red hot summer to follow record-breaking Q1 results  

Kambi Group Plc has celebrated a record opening to 2021 trading, as the Stockholm-listed sportsbook technology provider achieved double digit growth across all core operating metrics and KPIs, as a result of its significant sportsbook network growth.  Publishing its Q1 trading update, Kambi registered group revenues of €43.2 million – up 55% on the €28 million recorded in 2020. Updating …

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LeoVegas to challenge Spelinspektionen ‘poor AML’ judgement

LeoVegas AB has launched an appeal against the SEK 2 million penalty (€200,000) issued by Swedish gambling inspectorate Spelinspektionen related to “shortcomings in the work against money laundering and terrorist financing”. Spelinspektionen communicated that LeoVegas had failed to comply in ensuring the risk-based AML safeguards of Sweden’s ‘Money Laundering Act’.  The penalty notice specified that LeoVegas had failed to ‘risk …

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Catena notifies investors of a record Q1 opening performance 

Catena Media has revealed an ‘exceptionally strong opening’ to its 2021 trading, as the company anticipates Q1 2021 revenues to top the €40 million mark.  This morning, the Stockholm-listed affiliate marketing publisher released its Q1 pre-close trading statement, alerting investors that Catena would deliver a record quarterly revenue performance.  Updating investors, Catena estimated that its Q1 adjusted EBITDA will fall …

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