Tag Archives: unibet

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 …

Kindred Group has announced that its flagship brand Unibet has become a community partner of AFC Ajax, Dutch football’s most historic and prestigious club.  Ajax will join Unibet’s roster of European football sponsorships, promoting safer gambling, mental health awareness, community engagement and social mobility/access to football. “Kindred Group plc (Kindred) and its flagship brand Unibet enter a commercial partnership with …

Kindred Group has confirmed that its flagship Unibet brand will withdraw its presence from the German market as of 1 July.  The Stockholm-listed operator has informed local authorities that it has chosen to cancel Unibet’s sportsbook and virtual slots licence applications to participate in Germany’s Fourth Interstate Treaty on Gambling (GlüNeuRStv) regime. “Our long-term strategic direction sets out locally regulated …

On Sunday, the Premier League will settle a season with more twists and turns than the WAGagatha Christie affair! With title, relegation and Euro places to be decided on the final day of play – SBC checks in on how bookmakers’ nerves are faring, pricing and predicting the curtain closer to the most vintage of football seasons… SBC: With the …

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …