Tag Archives: Kindred Group

Kindred closes 2020 trading with ‘strongest quarter ever’

Kindred Group Plc has has recorded its ‘strongest quarter ever’ after publishing a trading update on its Q4 2020 activities. Ahead of disclosing its full-year trading results on 10 February 2020, Kindred stated that it has recorded an ‘all-time high’ in group revenues, predicting figures of approximately £365 million – a 55% increase on the corresponding period in 2019.  The …

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EGBA: European gambling revenues drop by 23% in 2020

The gambling sector is continuing to reel from the effects of the global pandemic, as data from the European Gaming and Betting Association (EGBA) has shown that betting revenues are set to fall by 23% in 2020. The data, published in collaboration with H2 Gambling Capital, has found that Europe’s total gambling revenue will drop from €98.6 billion gross gaming …

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Stefan Lundborg resigns from non-exec Kindred role pending SECA investigation

Kindred Group Plc has informed investors that corporate advisor Stefan Lundborg has resigned from all duties as a non-executive director with immediate effect.  The resignation is related to Lundborg being investigated for ‘insider crime’ by the Swedish Economic Crime Authority (SECA), for which Kindred has offered its full cooperation with the public prosecutor and SECA agencies. Kindred stated that it …

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Kindred Group aligns with Middlesbrough FC in community initiative

Image of Middlesbrough FC's Riverside Stadium

Kindred Group has donated its shirt sponsorship of Middlesbrough FC to the MFC Foundation as part of a new agreement with the Championship club to strengthen its links with community initiatives. The online gambling operator, which owns sports betting and casino brands 32Red and Unibet, is one of Boro’s principal partners. The two parties currently promote safer gambling practices through …

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Kindred hits out at proposed Swedish measures

Kindred Group hits out at proposed Swedish measures

The Kindred Group has slammed the proposals to impose further restrictions on the Swedish gaming market, with the CEO Henrik Tjärnström warning that the measures would be a ‘step in the wrong direction’. In a statement, Kindred expressed concern over a lack of ‘notable connection’ between the pandemic and rates of problem gambling. The operator also noted that ‘the government’s …

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Diverse Kindred eyes record closing to 2020 trading 

Kindred Group has declared that its ‘diverse long-term business model’ and ‘cost focus’ will help the company deliver on all 2020 objectives, navigating a year of unprecedented business challenges.  Publishing its Q3 trading statement (period ending 30 September), Kindred has recorded group revenues of £280 million, reflecting a 24% increase on Q3 2019’s corresponding £226 million. Driving performance, Kindred stated …

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Kindred states ‘full commitment’ to Belgium by acquiring Blancas NV for £25m

Kindred Group hits out at proposed Swedish measures

Kindred Group Plc has reaffirmed its market-leading position within Belgium by agreeing to acquire Rank Group subsidiary Blancas NV for a total valuation of £25 million (cash and debt-free basis). Blancas NV is the operating firm of the ‘Casino Blankenberge’ located in the Belgium Flemish province of West Flanders and functions as one of nine casinos allowed by the Belgium …

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Kindred places technology as the core theme of 2020 Sustainable Gambling Conference

Kindred Group Plc has disclosed that its fifth annual ‘Sustainable Gambling Conference’ will encourage its executive delegates to explore the question of ‘how technology can support a more sustainable industry?’  Due to take place on 21 October, Kindred’s sustainability conference will take place as an online event to accommodate COVID-19 measures. Each year Kindred invites executive guests from health services, …

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Kindred upgrades consensus ahead of Q3 results

Kindred Group hits out at proposed Swedish measures

Issuing a market update, Kindred Group Plc has disclosed that ‘continued strong momentum’ recorded during Q3 trading has resulted in the company achieving ‘all-time highs’ in active customers and gross win revenues. Recording a ‘strong trading quarter’, Kindred anticipates that group Q3 2020 gross win revenues will be delivered at circa £280 million, up 24% on Q3 2019’s £226 million. …

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Kindred outlines new energy targets in line with Paris Agreement

Building on its commitment to be a socially responsible operator, Kindred Group has stated that it will aim to reduce business travel by 30% in line with the energy saving targets set by the Paris Agreement on climate change. The Paris Agreement was signed in 2016, and outlines protocols within the United Nations Framework Convention on Climate Change which deal …

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