Tag Archives: unibet

Regulus Partners casts its eyes to Nordic affairs, where two recent legal judgements portray a fragmented future for European gambling’s most lucrative marketplace… Two court cases decided last week affirm our view that Nordic grey markets are fast approaching some form of regulatory clarity. While Betsson won its case in Finland, Kindred lost in Norway, with the court ordering that …

Kindred Group has adapted its front-of-shirt sponsorship at Rangers FC to re-emphasise a safer gambling messaging. The news comes as the SPFL club launches its new kit range for the 2023/24 season. As the team brings in a new uniform, Kindred has brought in a new principal sponsor, as its Unibet brand replaces 32Red, with the latter moving to the …

Lottstift, Norway’s gambling authority, has claimed a ‘decisive victory’ in its long-running dispute against Trannel International Limited – the Nordic markets subsidiary of Kindred Group Plc.  On 1 June, the Borgarting Court of Appeal upheld Lottstift’s original judgement that the Trannel brands of Unibet, Mariacasino, Storspiller, and Bingo.com had offered illicit online gambling services to national consumers. The verdict sees …

Following a series of departures from the firm’s Board, Kindred Group is reportedly accelerating plans for a potential sale of the company to a larger gambling conglomerate. Bloomberg reports that the Stockholm-listed 32Red and Unibet parent company is evaluating merger or sale options with Morgan Stanely, PJT Partners Inc and Canaccord Genuity Group. The business news outlet further asserts that …

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 …

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 …

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 …

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 …

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 …

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 …