Tag Archives: Stockholm

Finansdepartementet – Sweden’s Ministry of Finance has submitted proposals to increase licence fee renewal duties, alongside a further demand for B2B licence requirements to be adopted as a market obligation.     A memorandum with proposals has been submitted for consultation until 9 May, and, if adopted to enter into force, a new licensing arrangement would be applicable from 1 March 2023. …

Kindred Group Plc has launched a global recruitment drive to expand its trading capabilities, as the Stockholm-listed online gambling group prepares to take ‘end-to-end control’ of its sportsbook platform This February saw Kindred announce its biggest-ever technology directive, choosing to build its own proprietary sportsbook solution in order to reduce its reliance on third-party suppliers. Marked as a headline objective, …

Catena Media Plc has underlined its long-term growth strategy and ongoing international expansion projects, as the Stockholm-listed affiliate publisher registers a full-year 2021 operating loss of €12.7 million.  The firm’s FY2021 earnings performance was significantly impacted due to the impairment of previously acquired German and French sports media assets totalling €49 million. Headline metrics saw Catena register corporate revenues of …

Gaming Innovation Group (GiG) has achieved ‘all-time–high’ metrics closing its end of year trading, as the Stockholm-listed B2B technology and media services provider returns to full-year profits and positive cash-flow.  Publishing its Q4 2021 trading update, GiG achieved peak revenues of €18.2 million, up 29% on corresponding 2020 results of €14 million. Period trading saw GiG’s Media Services unit continue …

LeoVegas AB has posted stagnant financial results, with corporate performance dogged by market exposures to changed regulatory conditions within the Netherlands and Germany. Publishing its Q4 trading statement, the firm saw its period like-for-like corporate revenues maintained at €98 million. The Stockholm-listed operator informed investors that “excluding Germany and the Netherlands”, period revenues would have increased by 26%. Q4 adjusted …

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 …

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 …

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 …

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 …

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 …