Tag Archives: unibet

Kindred Group will donate the shirt sponsorships of Middlesbrough and Rangers FC to help promote Safer Gambling Week (#SGWeek2022) taking place from 17-23 October. During Safer Gambling Week, the firm’s flagship brand of Unibet and UK online casino 32Red will be replaced by a “Zero % Misson” logo displayed on the front of Middlesbrough and Ranger FC matchday shirts. The …

The Norwegian Lottery Authority (Lottstift) has repeated its warning to Kindred Group subsidiary Trannel International that it must exit Norway’s online gambling marketplace or face severe consequences.   Restating its Q1 warning, Lottstift demanded that Trannel retire the brands of Unibet, MariaCasino, Storspiller and Bingo.com or face daily coercive fines of NOK 1.2m (€120,000) on Kindred’s Malta-based subsidiary. Should Trannel remain …

Ahead of its press conference on Capital Markets Day, Kindred has released updated financial targets for the next three years, including fiscal and market expansion objectives. In terms of headline monetary goals, Kindred is aiming to achieve revenue of £1.6bn by 2025, alongside an underlying EBITDA margin of 21-22% and a distribution policy of 75-100% of free cash flow. From …

Alleged ‘advertising infractions’ have landed Unibet a financial penalty of $48,000, charged by the Alcohol and Gaming Commission of Ontario (AGCO). The sportsbook brand, a division of Stockholm-listed gambling group Kindred, has been active in the Ontario betting and gaming space since April, having secured entry shortly after market launch. Like many European and US-based firms, Unibet has targeted an …

Kindred Group Plc investors have been notified that the board of the Stockholm-listed online gambling group has authorised a share buyback mandate to begin.  The buyback mandate had secured its approval at an Extraordinary General Meeting (EGM) held by Kindred’s board on 10 June 2022. From 1 August, Kindred will begin its share repurchasing scheme that will run until the …

Swedish Media reports that Kindred Group faces a high-profile Stockholm legal challenge summoned by fashion designer Per Holknekt.  Yesterday, Expressen.se reported that Holknekt, the founder of online fashion retailer Odd Molly, had filed a Stockholm Tingsrätt (Court District) lawsuit against Kindred Group and its Swedish subsidiary Spooniker Ltd. Holknekt is reported to seek SEK 10m (€1m) in damages, accusing Kindred’s …

Kindred Group Plc has reported a further frustrating quarterly trading period as business performance continues to be interrupted by short-term Euro market headwinds.  Publishing its H1 2022 interim trading results, the firm registered a 32% drop in year-to-date corporate revenues (B2C+B2B) to £485m (H12021: £716m). Reflecting a further trading period with no income generated from the Dutch market, Kindred reported …

Unibet has encountered operational issues in the Netherlands, just one month after securing re-entry to the country’s online betting market.  Bettors holding accounts with the Kindred Group sportsbook brand have apparently been experiencing ‘problems’ with bonuses provided by the operator.  Issuing an update, the Dutch Gaming Authority, Kansspelautoriteit (KSA), stated that it has been in contact with Unibet after receiving …

Franc Weerwind, the Dutch Minister for Legal Protection, has announced major reforms to betting advertising regulation in the Netherlands, according to local media.  Economy and business newspaper Het Financieele Dagblad (FD) reported that sports sponsorship for online games of chance along with ‘untargeted advertising’ of these will be prohibited as by the end of 2025.  Under the Minister’s plans, the …

Gross gaming revenue for the esports sector is expected to reach $960m by 2026, according to a new white paper released by Abios and Kambi.  The whitepaper, entitled ‘Bring esports into play’, discusses how sportsbooks can effectively engage and retain audiences within the esports space, as well as looking at the ways in which operators can “navigate different regulatory requirements …