Tag Archives: Trannel

​​Kindred Group will take “immediate actions to improve profitability” following 2022 difficulties, which saw its business witness double-digit declines across all core trading metrics.   A ‘difficult year’ had been previously outlined by Kindred leadership, as revenue declined by 15%, despite a performance bounceback in the fourth quarter, although this too fell short of group ambitions. In its trading update for …

Kindred Group has announced that its Trannel International subsidiary will temporarily withdraw its brands from operating in the Norwegian market.  This afternoon, Kindred published a statement detailing that as an ‘act of good faith’ Trannel would comply with desist orders demanded by Lottstift – Norway’s Gambling Authority.  The long-running dispute between Kindred and Lottstift reached a boiling point this September, …

The Norwegian Lotteries Authority has warned Kindred Plc subsidiary Trannel International that it will be sanctioned with a ‘coercive fine’ of NOK 1.2 million (€120,000) per day if it does not cease its unlicensed activities immediately.  A statement issued by Lottstift – Norway’s gambling regulator – has confirmed that Norwegian authorities will take the toughest disciplinary approach against repeat offender …