Kindred Group Plc has navigated the significant headwinds of a tough fourth quarter trading period to deliver investors what it cited as ‘its strongest year to date’. Publishing its unaudited 2021 results, the firm has registered full-year corporate revenues of £1.259bn, up 11% on corresponding FY2020 results of £1.130bn. 2021 headline performance was maintained despite significant events impacting Kindred’s year-end …
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Kindred continues pledge towards 0% high-risk revenues
Kindred Group has provided an update on its ‘Journey to Zero’ initiative, first introduced one year ago, which has seen the firm pledge to generate 0% of revenue from harmful gambling by 2023. Publishing two separate reports, Kindred updated that harmful gambling revenue increased from 3.3% in Q3 2021 to 4% in Q4, although in the UK this figure decreased …
Read More »Kindred outperforms seasonal lags as Q4 roadblocks loom
Kindred Group Plc maintains growth across all metrics, despite its sportsbook unit trading against post-EURO and COVID-19 ‘normalisation effects’. Publishing its Q3 trading statement (period ending 30 September), Kindred registered group revenues of £298 million up 6% on corresponding 2020 results of £281 million. Revenue growth was attributed to the continued expansion of Kindred’s casino portfolio, which generated period gross …
Read More »Kindred hails the operational and academic progress of its Safer Gambling programme
Kindred Group Plc continues its progress towards reaching its group-wide corporate objective of ‘0% revenue from harmful gambling by the end of 2023’. Publishing its latest safer gambling update, the Stockholm-listed online gambling group saw its share revenue from harmful gambling decrease to 3.3% from 4.3% recorded during Q2 2021 trading. The results represent Kindred’s lowest % share since the …
Read More »Kindred to wait for KOA licence at cost of £12m per month
Kindred Group has confirmed that it will temporarily cease its Dutch market activities choosing to abide with the KOA regime’s new ‘cooling-off’ command as its business awaits licensing approval. The Stockholm-listed operator was not featured amongst the 10 operators granted licences by regulator Kansspelautoriteit (KSA), launching the Netherlands KOA regime this morning. Kindred accepted the decision but urged KSA to …
Read More »Flutter joins EGBA as organisation strengthens sustainability pledge
Flutter Entertainment has become the latest operator to join the European Gaming and Betting Association (EGBA). By joining the Brussels-based trade group, Flutter has reiterated its commitment to industry responsibility and safer gambling across the European betting and gaming sector, with the organisation representing EU licenced and regulated operators. The Dublin-based FTSE 100 company joins a range of prominent betting …
Read More »EGBA secures sustainability reporting commitment from European leaders
The leadership of Europe’s biggest online gambling firms have outlined their ‘collective ambitions’ to foster a stronger culture supporting safer gambling across all European markets. The leadership mandate was published by the European Gaming & Betting Association (EGBA) – the Brussels-based trade body charged with representing online gambling at an EU business and legislative level. A letter co-signed by John …
Read More »Kindred continues sustainability focus on ‘path to zero’
Kindred Group Plc continues to progress on its group-wide business sustainability objectives, despite recording a slight increase in revenues generated from harmful gaming. Publishing its latest ‘safer gambling update’, the group saw its share of gross win revenues from high-risk players increase from 3.9% to 4.3% during the Q2 trading period. Irrespective of the 0.4% increase, Kindred underscored that its …
Read More »Kindred secures remaining Relax shares to enhance igaming offering
Kindred Group is set to strengthen its igaming operations via a full takeover of Relax Gaming, acquiring the remaining 66.6% of the firm’s shares. Conducted at an implied value of €320 million for 100% of the shares on a cash and debit basis, the purchase will see Kindred pay an initial consideration of around €80 million, settled in cash upon …
Read More »Kindred launches ‘Bettor Time’ to achieve 0% harmful gambling revenue
Kindred has partnered with Zafty Intelligence and Assissa Consultancy Europe to launch its ‘Bettor Time’ app, as part of its wider commitment to generating 0% of revenue from harmful gambling by 2023. The Bettor Time app is designed to assist customers with staying in control of their gambling behaviour by monitoring app usage and alerting users to potentially harmful changes in …
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