Tag Archives: unibet

Ström’s Veralda sells 2% shareholding in Kambi Group 

SBC News Ström’s Veralda sells 2% shareholding in Kambi Group 

Veralda, the private investment fund of Swedish sports betting tycoon Anders Ström, has confirmed the sale of 675,000 shares in Kambi Group Plc. The share sale was executed yesterday, with Veralda divesting 2% of its current equity in Stockholm-listed Kambi for a purchase price of SEK 462 per share (€45). The transaction placed with private Swedish and institutional private investors …

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Kindred lauds its ‘strict discipline’ delivering record growth

SBC News Kindred lauds its 'strict discipline' delivering record growth

Kindred Group Plc has continued its run of delivering consecutive ‘all-time high’ quarter performances, with the group praising its scalable business model and operating discipline. Publishing its full-year 2020 results, the Stockholm-listed online gambling group achieved a record performance in customer activity, breaking the 1.75 million active player mark across its brand portfolio. High customer activity saw Kindred record all-time-high …

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Kindred adds transparent safer gambling metrics to group reports

SBC News Kindred adds transparent safer gambling metrics to group reports

Kindred Group Plc has become the first industry incumbent to publish its share of corporate revenues ‘derived from harmful gambling’. The Stockholm-listed online gambling group will publish its new ‘transparency metric’ as part of its safer gambling mandate, in which the company seeks to achieve – ‘zero per cent of revenues from harmful gambling by 2023’. Updating its corporate stakeholders, …

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Kindred promotes Andreas Reimblad to group sportsbook lead 

SBC News Kindred promotes Andreas Reimblad to group sportsbook lead 

Kindred Group Plc has confirmed the internal promotion of Andreas Reimblad who will assume the senior management position of Group Head of Sportsbook.  Reimblad will take over from former incumbent Erik Backlund, who was promoted to Chief Product Officer (CPO) of the Stockholm-listed online gambling group last year. Mirroring his predecessor, Kindred stated that Reimblad had proven his capacity and …

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Kindred closes 2020 trading with ‘strongest quarter ever’

SBC News Kindred closes 2020 trading with ‘strongest quarter ever’

Kindred Group Plc has has recorded its ‘strongest quarter ever’ after publishing a trading update on its Q4 2020 activities. Ahead of disclosing its full-year trading results on 10 February 2020, Kindred stated that it has recorded an ‘all-time high’ in group revenues, predicting figures of approximately £365 million – a 55% increase on the corresponding period in 2019.  The …

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Stefan Lundborg resigns from non-exec Kindred role pending SECA investigation

SBC News Stefan Lundborg resigns from non-exec Kindred role pending SECA investigation

Kindred Group Plc has informed investors that corporate advisor Stefan Lundborg has resigned from all duties as a non-executive director with immediate effect.  The resignation is related to Lundborg being investigated for ‘insider crime’ by the Swedish Economic Crime Authority (SECA), for which Kindred has offered its full cooperation with the public prosecutor and SECA agencies. Kindred stated that it …

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Unibet founder Anders Ström ends Kindred chairmanship

SBC News Unibet founder Anders Ström ends Kindred chairmanship

Kindred Group Plc has informed investors that company founder Anders Ström will not seek re-election as Non-Executive Chairman. Lauded as an industry figurehead, in 1997 Ström founded Unibet – Kindred’s original business enterprise – as a telephone betting service to take wagers for Swedish customers Ström issued the following personal statement on his decision not to pursue re-election: “Some years …

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Kindred Group aligns with Middlesbrough FC in community initiative

Image of Middlesbrough FC's Riverside Stadium

Kindred Group has donated its shirt sponsorship of Middlesbrough FC to the MFC Foundation as part of a new agreement with the Championship club to strengthen its links with community initiatives. The online gambling operator, which owns sports betting and casino brands 32Red and Unibet, is one of Boro’s principal partners. The two parties currently promote safer gambling practices through …

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Diverse Kindred eyes record closing to 2020 trading 

SBC News Diverse Kindred eyes record closing to 2020 trading 

Kindred Group has declared that its ‘diverse long-term business model’ and ‘cost focus’ will help the company deliver on all 2020 objectives, navigating a year of unprecedented business challenges.  Publishing its Q3 trading statement (period ending 30 September), Kindred has recorded group revenues of £280 million, reflecting a 24% increase on Q3 2019’s corresponding £226 million. Driving performance, Kindred stated …

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