Kindred Group generated 3.3% of its total revenue from harmful gambling during Q4 2022, the firm asserts, marking a return to form after the number rose to 3.8% in Q3. As it stands, the group’s percentage of revenue from harmful sources remains steady, having stood at 3.3% during the first and second quarters of 2022. The firm set itself a …
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Kindred targets 90% greenhouse emissions reduction by 2027
Kindred Group Plc has announced that its climate reduction targets have been validated by the Science Based Targets initiative (SBTi), a non-profit initiative created to drive climate action in the private sector. The Stockholm-listed gambling group has updated its greenhouse gas reduction targets, which were originally outlined in 2020. New targets, developed in cooperation with SBTi, sees Kindred committed to …
Read More »Kindred joins monopoly duo to share open data on Swedish problem gambling
Kindred Group has announced a first-of-kind initiative with Swedish state-owned monopolies ATG and Svenska Spel that will see the companies publish data on metrics related to Swedish problem gambling. The Trio, which accounts for more than half of Sweden’s regulated gambling marketplace, seeks to “contribute to a facts-based dialogue on what is being done to reduce gambling harm”. The initiative …
Read More »Kindred focused on 2025 vision as Dutch KOA storm finally clears
Kindred Group Plc details “signs of improved profitability and scalability” against continued 2022 headwinds impacting its financial performance across Western European markets. Publishing its interim results for January-September and a trading update for Q3, the Stockholm-listed online gambling group revealed that pan-European revenues were still struggling due to a long-term absence from the Netherlands. Q3 trading saw Kindred register a …
Read More »Kindred targeting £1.6bn revenue and multinational growth by 2025
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 …
Read More »Kindred harmful revenue steady at 3.3% as firm seeks to hit net zero goal
Kindred Group’s target of generating 0% of its revenue from problem gambling has somewhat stalled according to the firm’s latest report. The firm issued an update this morning revealing that total group share from problem gambling during Q2 2022 currently stands at 3.3%, the same as during Q1 2022 and in Q3 2021. On the other hand, the fact that …
Read More »Kindred launches Unibet in the Netherlands following KSA licence approval
Kindred Group has lauded its Dutch licence approval from Kansspelautoriteit (KSA) – the Netherlands Gambling Authority – as an ‘important part’ of the firm’s strategy to operate in locally licensed markets. As part of its gambling licence approval, Kindred will launch its flagship brand Unibet (Unibet.nl) into the Netherland’s regulated market. Anne-Jaap Snijders, Chief Commercial Officer, Kindred Group, stated: “We …
Read More »Kindred continues to support working parents with Women in Racing
Kindred has extended its partnership with Women in Racing on the Racing Home programme, which aims to educate stakeholders within the racing industry about motherhood and parenthood. Racing Home has now launched an online educational portal as well as a rehabilitation programme and a podcast series to further support working parents. This offers guidance to mothers returning to riding post-pregnancy, as …
Read More »Kindred cites increased intervention measures behind Q1 3.3% problem gambling rate
Kindred Group has detailed that its share of revenues derived from problem gambling fell further during Q1 2021 to 3.3%, as it continues to work towards its 0% target by 2030. Issuing an update, the international betting and gaming group revealed that its problem gambling revenue share had declined from 4% in Q4 2021, coupled with a 79.2% improvement rate …
Read More »Kindred expands core sportsbook partnership with Kambi
Kindred Group has announced two enhancements of its sports betting product, leveraging Kambi Group’s sports betting services whilst working to boost the scope of its own Kindred Racing Platform (KRP). The three-year deal between the Stockholm Nasdaq-listed gambling groups will see Kindred utilise Kambi’s B2B sports betting platform until the end of 2026 as it looks to roll out its …
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