Tag Archives: Kindred Group

Seeking to maintain track on its policy of achieving ‘net zero’ revenue from harmful gambling by 2023, Kindred Group has signed a partnership with EPIC Risk Management. An extension of the Swedish multinational betting operator’s long-running partnership with the gambling harm minimisation consultancy, the arrangement will see EPIC analyse and improve the firm’s human intervention mechanisms.  The announcement comes shortly …

Kindred Group will donate the shirt sponsorships of Middlesbrough and Rangers FC to help promote Safer Gambling Week (#SGWeek2022) taking place from 17-23 October. During Safer Gambling Week, the firm’s flagship brand of Unibet and UK online casino 32Red will be replaced by a “Zero % Misson” logo displayed on the front of Middlesbrough and Ranger FC matchday shirts. The …

Defying a recent enforcement action by the Norwegian Lottery Authority (Lottstift), Kindred Group has stated that it will continue to operate as normal in the country.  In an interview with Swedish business news outlet Dagens Industri, Kindred CEO Henrik Tjärnström stated that the company will appeal the financial penalty and a cease and desist order.  The Swedish group operates in …

The Norwegian Lottery Authority (Lottstift) has repeated its warning to Kindred Group subsidiary Trannel International that it must exit Norway’s online gambling marketplace or face severe consequences.   Restating its Q1 warning, Lottstift demanded that Trannel retire the brands of Unibet, MariaCasino, Storspiller and Bingo.com or face daily coercive fines of NOK 1.2m (€120,000) on Kindred’s Malta-based subsidiary. Should Trannel remain …

Ahead of its press conference on Capital Markets Day, Kindred has released updated financial targets for the next three years, including fiscal and market expansion objectives. In terms of headline monetary goals, Kindred is aiming to achieve revenue of £1.6bn by 2025, alongside an underlying EBITDA margin of 21-22% and a distribution policy of 75-100% of free cash flow. From …

Kindred Group Plc investors have been notified that the board of the Stockholm-listed online gambling group has authorised a share buyback mandate to begin.  The buyback mandate had secured its approval at an Extraordinary General Meeting (EGM) held by Kindred’s board on 10 June 2022. From 1 August, Kindred will begin its share repurchasing scheme that will run until the …

Kindred Group’s target of generating 0% of its revenue from problem gambling has somewhat stalled according to the firm’s latest report.  The firm issued an update this morning revealing that total group share from problem gambling during Q2 2022 currently stands at 3.3%, the same as during Q1 2022 and in Q3 2021.  On the other hand, the fact that …

Unibet has encountered operational issues in the Netherlands, just one month after securing re-entry to the country’s online betting market.  Bettors holding accounts with the Kindred Group sportsbook brand have apparently been experiencing ‘problems’ with bonuses provided by the operator.  Issuing an update, the Dutch Gaming Authority, Kansspelautoriteit (KSA), stated that it has been in contact with Unibet after receiving …

Franc Weerwind, the Dutch Minister for Legal Protection, has announced major reforms to betting advertising regulation in the Netherlands, according to local media.  Economy and business newspaper Het Financieele Dagblad (FD) reported that sports sponsorship for online games of chance along with ‘untargeted advertising’ of these will be prohibited as by the end of 2025.  Under the Minister’s plans, the …

Kindred Group has announced that its flagship brand Unibet has become a community partner of AFC Ajax, Dutch football’s most historic and prestigious club.  Ajax will join Unibet’s roster of European football sponsorships, promoting safer gambling, mental health awareness, community engagement and social mobility/access to football. “Kindred Group plc (Kindred) and its flagship brand Unibet enter a commercial partnership with …