Tag Archives: unibet

Betchoice hit with AUS$60k fine for illegal promotion tactics

Betchoice hit with AUS$60k fine for illegal promotion tactics

Betchoice, an Australian betting operator which trades as Unibet, has been fined AUS$60,000 by the New South Wales (NSW) regulator. Liquor & Gaming NSW determined that Betchoice had breached state gambling laws by including ‘inducements’ to gamble or open betting accounts via its promotional activity. The regulator asserted that these promotions came in the form of ‘price push’ offers, a …

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Unibet founder Anders Ström reveals C-level rifts on Kindred’s future

SBC News Unibet founder Anders Ström reveals C-level rifts on Kindred’s future

Anders Ström, the enterprise founder of Kindred Group (formerly Unibet Plc) has detailed rifts between him and the former C-level team of the business led by ousted CEO Henrik Tjärnström.  In an interview with Swedish business news source Dagens Industri, Ström – who founded Unibet in 1997 – expressed his dissatisfaction at “being kept in the dark” from key strategic …

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Nils Andén to lead Kindred after Henrik Tjärnström steps down as CEO

Kindred

Henrik Tjärnström has resigned as CEO of Kindred Group, with Nils Andén named as his replacement by the firm’s Board of Directors on an interim basis. The outgoing CEO first assumed leadership duties of the Stockholm Nasdaq gambling group in July 2010, having stepped up from his joint role as Deputy CEO and Chief Financial Officer, a position he began …

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Kindred enters New Jersey with ‘improved customer experience and flexibility’

SBC News Kindred enters New Jersey with ‘improved customer experience and flexibility’

Kindred has officially gone live with its proprietary tech platform in New Jersey after receiving approval from the state’s Division of Gaming Enforcement last month. Through a richer set of analytics and data, the Sweden-based online gambling operator has outlined how it will bring a safer environment, an improved customer experience to the customers, better analytics and greater flexibility. Henrik …

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Kambi gains full control by repaying full €7.5m Kindred bond

Kambi

Kambi has fully repaid the €7.5m convertible bond held in its business by Kindred Group, enabling the B2B betting and gaming supplier to expand directional control. The bond was established as part of the terms of Kambi’s divestment from Kindred back in 2014, after which Kindred became a primarily B2C-focused company via its Unibet and 32Red holdings. Despite the divestment …

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Kindred evaluates ‘merger or sale’ after Q1 revenue climbs to £306m

Kindred

Kindred Group cites a return to positive trading in Q1 2023 after a difficult 2022, with profit noticeably recovering from a major dip last year, but the firm has detailed that it will continue to assess ‘alternative options’ to maximise revenue. A recovery from dire 2022 The company updated its Stockholm Nasdaq-investors this morning that ‘encouraging improvements’ across the first …

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Kindred gets another transatlantic boost with Washington partnership

Kindred gets another transatlantic boost with Washington partnership

Kindred Group has further strengthened its position in the US, signing an agreement with the Swinomish Tribe – a tribal casino operator – to secure entry in Washington State. The six-year deal with the Swinomish Indian Tribal Community will result in the Sweden-founded betting and gaming group rolling out Unibet-branded betting kiosks at its partners casino venues. Phase one of …

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Kindred takes ‘important step’ for North America footprint with New Jersey approval

SBC News Kindred takes ‘important step’ for North America footprint with New Jersey approval

After receiving final approval from the New Jersey Division of Gaming Enforcement, Kindred gets set to launch its proprietary platform in the state. Introducing its services to New Jersey, the Sweden-based online gambling operator aims to provide an enhanced customer experience, better analytics and improved flexibility. The platform, expected to go live in mid-May, was approved by the Division of …

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Kindred reiterates safer betting focus in UKGC penalty aftermath

Kindred reiterates safer betting focus in UKGC penalty aftermath

Following a £7.1m fine and an official warning against two of its UK businesses this morning, Kindred Group has placed confidence in its existing raft of sustainability measures. Issuing a response to the £4.2m and £2.9m penalties issued to 32Red and Platinum Gaming this morning by the UK Gambling Commission (UKGC), the betting group asserts that the failures responsible are …

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Kindred’s 32Red and Platinum Gaming hit with £7.1m UKGC fine

Kindred’s 32Red and Platinum Gaming hit with £7.1m UKGC fine

The UK Gambling Commission (UKGC) has issued Kindred Group subsidiaries Platinum Gaming and 32red with a combined fine of £7.1m for social responsibility and anti-money laundering failures. Platinum Gaming, which operates Kindred’s flagship Unibet sportsbook brand, will pay £2.9m, whilst igaming brand 32Red will be charged the larger sum of £4.2m. The duo have also been issued an official warning …

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