Tag Archives: Kindred Group

The impact of developments in the low countries over the past year has been felt by many international betting firms and Kindred Group is no exception to this, in both a positive and negative sense.  Group CEO Nils Andén, and CFO interim Patrick Kortman, outlined how market conditions in the Netherlands and Belgium had influenced Kindred’s Q2 financial performance in …

Kindred Group Plc has updated investors on a period of intense activity, in which its business has undertaken a change in leadership and implemented a strategic review of markets and operations.   Publishing its H1 2023 interim results, the group said it continues to focus on “gaining operational efficiencies to increase profitability”. Headline growth saw Kindred register Q2 group revenues of …

Kindred Group chipped away at the proportion of its revenues derived from harmful gambling during Q2 2023, cutting the figure down from 3.3% to 3.1%. The Stockholm-listed operator, active in various markets via its Unibet sportsbook and 32Red igaming brands, set an objective of achieving 0% revenue from harmful gambling in H1 2021. As it stands, the 3.1% figure reported …

Kindred Group Plc has announced that Patrick Kortman will assume the role of Interim CFO, as the business continues to restructure its executive management team following key departures.  Kortman, who currently serves as Director of Corporate Development and Investor Relations, will assume the Interim CFO role from today (21 June). He is replacing Johan Wilsby, who will depart the Stockholm-listed …

Following a series of departures from the firm’s Board, Kindred Group is reportedly accelerating plans for a potential sale of the company to a larger gambling conglomerate. Bloomberg reports that the Stockholm-listed 32Red and Unibet parent company is evaluating merger or sale options with Morgan Stanely, PJT Partners Inc and Canaccord Genuity Group. The business news outlet further asserts that …

Betchoice, an Australian betting operator which trades as Unibet, has been fined AUS$60,000 by the New South Wales (NSW) regulator. Liquor & Gaming NSW determined that Betchoice had breached state gambling laws by including ‘inducements’ to gamble or open betting accounts via its promotional activity. The regulator asserted that these promotions came in the form of ‘price push’ offers, a …

Further C-level departures are due at Kindred Group, as Chief Marketing Officer (CMO)  Elen Barber and Chief Commercial Officer Anne-Jaap Snijders prepare to step down. The executives’ decision follows the conclusion of a review they were spearheading, which examined Kindred’s marketing and commercial operations. Areas of focus were local commercial requirements and market regulations, and increasing the firm’s flexibility. With …

The share buyback programme initiated by Kambi following the repayment of its convertible bond to Kindred Group is progressing well, according to an update from the firm. Issuing an update this morning, the Stockholm-listed explained that between 10-16 M ay a total of 92,500 of its own shares at a volume weighted average price of SEK 212.75 (€19). The total …

Henrik Tjärnström has resigned as CEO of Kindred Group, with Nils Andén named as his replacement by the firm’s Board of Directors on an interim basis. The outgoing CEO first assumed leadership duties of the Stockholm Nasdaq gambling group in July 2010, having stepped up from his joint role as Deputy CEO and Chief Financial Officer, a position he began …

Kindred Group Plc has announced this morning that Johan Wilsby will leave his position as Chief Financial Officer (CFO) later this year.  An executive search process has been initiated to find the successor of Wilsby who has served as CFO of the Stockholm-listed online gambling group since September 2020. “Kindred is a dynamic company and Johan has been instrumental in …