Veralda, the private investment fund of Swedish sports betting tycoon Anders Ström, has confirmed the sale of 675,000 shares in Kambi Group Plc. The share sale was executed yesterday, with Veralda divesting 2% of its current equity in Stockholm-listed Kambi for a purchase price of SEK 462 per share (€45). The transaction placed with private Swedish and institutional private investors …
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Maarten Haijer of the European Gaming and Betting Association (EGBA) has warned that the industry must learn its lessons and adapt as it comes under increasing public scrutiny. The EGBA’s Secretary General recently spoken highly of Kindred Group’s move to make public the shares of its revenues made from customers at a high-risk of gambling harm. Kindred’s report found that …
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Drawing upon lessons learned can help build the foundation for strong future performance, explained Elen Barber, Chief Marketing Officer at Kindred Group. An exclusive interview with Barber kicks off the first 2021 edition of SBC Leaders, delving into all things marketing, sponsorship, regulation and responsible gambling. Yet as the magazine title would suggest, Barber is far from the only leader …
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Kindred Group Plc has become the first industry incumbent to publish its share of corporate revenues ‘derived from harmful gambling’. The Stockholm-listed online gambling group will publish its new ‘transparency metric’ as part of its safer gambling mandate, in which the company seeks to achieve – ‘zero per cent of revenues from harmful gambling by 2023’. Updating its corporate stakeholders, …
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Kindred Group Plc has confirmed the internal promotion of Andreas Reimblad who will assume the senior management position of Group Head of Sportsbook. Reimblad will take over from former incumbent Erik Backlund, who was promoted to Chief Product Officer (CPO) of the Stockholm-listed online gambling group last year. Mirroring his predecessor, Kindred stated that Reimblad had proven his capacity and …
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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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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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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 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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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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