Tag Archives: iGame

Kindred challenges Spelinspektionen penalty on player incentives

Stockholm-listed Kindred Group Plc has become the latest to fall foul of Swedish gambling inspectorate Spelinspektionen’s rules on customer bonusing and incentives. Spelinspektionen has confirmed that it has issued Kindred a fine totalling SEK 100 million (€9m) following an inspection undertaken across its Swedish brand portfolio. The regulator stated that Kindred’s flagship Unibet brand, as well as subsidiaries Maria Casino, …

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Enlarged Kindred Group hits all metric highs for full-year 2016

Releasing its unaudited year-end report, Stockholm-listed European sports betting operator Kindred Group Plc (formerly Unibet Group Plc) is likely break it all-time revenue and earnings performance for full-year 2016. The enlarged operator was able to post a further consecutive all-time revenue generating quarter of £152 million for Q4 2016 (Q4 2015: £111 million). Kindred would record a period underlying EBITDA of …

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Unibet on course for record year following consecutive ‘all-time high’ quarter performance

Stockholm-listed European sports betting operator Unibet Plc is on target to deliver its strongest ever full-year performance, following a consecutive ‘all-time high’ quarter performance for Q3 2016 (period ending 30 September). Updating the market, Unibet detailed that period group revenues had hit £142 million (Q3 2015: £83 million). Its strong revenue performance would see Unibet declare a period EBITA of …

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Unibet board considers holding company name change to ‘Kindred Group Plc’

Updating investors, Unibet Plc’s board has detailed that it is considering changing its holding company name from ‘Unibet Group Plc’ to ‘Kindred Group Plc’. The name change has been proposed in order to ‘improve synergy, clarity and flexibility’ for Unibet’s enlarged group, which following a number of European acquisitions is made up of online gambling assets; Unibet, MariaCasino, Bingo.com, Stan …

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Euro Delight! Unibet hits £38 million profits for H1 2016

Stockholm-listed European sports betting operator Unibet Plc, continues its strong 2016 momentum posting a consecutive ‘all-time’ revenue quarter in its latest interim results for Q2 and H1 2016 (unaudited period ending 30 June). Updating the market this morning, Unibet governance would detail that the company had recorded group revenues of £126 million for Q2 2016 (Q2 2015: £80 million), closing …

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Effective scalability and cost control sees Unibet hit ‘All-Time High’ quarter performance

European sports betting operator Unibet Plc has reported a strong opening to 2016, posting a ‘new all-time high’ in group revenues to £122 million representing a 61% uplift on 2015’s corresponding Q1 performance of £76 million. Unibet governance highlighted that the company was performing way above market rate, with EBITDA (Q1 2016: £28 million) and Profit (Q1 2016 £20 million) …

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iGame owners net €7.5 million Unibet earn-out!

Issuing a short statement, Stockholm-listed operator Unibet Plc has confirmed that it has paid out an initial €7.5 million (£5.9 million) to the former owners of iGame Group Ltd in accordance with its agreed August 2015 corporate acquisition terms. The €7.5 million earn-out relates to ‘first-stage’ performance benchmarks attached to Unibet’s €59 million buyout of iGame assets (acquisition completed in …

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‘All-time’ record breaking quarter sees Unibet close 2015 strongly

Stockholm listed betting operator Unibet Plc ended 2015 reporting an all-time record quarter performance for Q4 2015, which saw corporate revenues reach £111 million combined with underlying profits of £24.6 million. The operator’s strong year-end finish boosted 2015 results, as Unibet recorded FY corporate revenues of £354 million, up 13% on FY 2014’s £312 million. Publishing its unaudited year-end statement, …

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Unibet completes Stan James online acquisition

Unibet Plc Governance has confirmed the completion of its £19 million acquisition of UK bookmaker Stan James’ online assets. The Stockholm listed operator finalises its cash acquisition which was first announced on 10 July. Unibet Group plc will consolidate the online gambling business of Stan James Group plc as from today in its results. Unibet informed the market, that it …

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Unibet completes €59 million acquisition of iGame

Unibet has informed shareholders and the media that it has completed its acquisition of iGame Holding Plc. Unibet governance stated that all conditions and deal precedents had been met, allowing for the completion of Malta based iGame Holding and its assets. Unibet completes the €59 million (£42 million) cash deal for iGame which was first announced on 7 August. Stockholm …

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