Ahead of the Premier League potentially severing or significantly limiting its ties with betting companies, Kindred’s UK General Manager has highlighted the positive impact such relationships can have. Writing for Politics Home, Neil Banbury laid out the case that betting partnerships can provide an avenue for promoting responsible gambling, reducing harm due to the ‘unique links’ clubs have to communities. …
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Kindred charged with SEK 10m lawsuit by Odd Molly founder
Swedish Media reports that Kindred Group faces a high-profile Stockholm legal challenge summoned by fashion designer Per Holknekt. Yesterday, Expressen.se reported that Holknekt, the founder of online fashion retailer Odd Molly, had filed a Stockholm Tingsrätt (Court District) lawsuit against Kindred Group and its Swedish subsidiary Spooniker Ltd. Holknekt is reported to seek SEK 10m (€1m) in damages, accusing Kindred’s …
Read More »Kindred H1 rocked by compounded KOA and Euro market drags
Kindred Group Plc has reported a further frustrating quarterly trading period as business performance continues to be interrupted by short-term Euro market headwinds. Publishing its H1 2022 interim trading results, the firm registered a 32% drop in year-to-date corporate revenues (B2C+B2B) to £485m (H12021: £716m). Reflecting a further trading period with no income generated from the Dutch market, Kindred reported …
Read More »Betway expands Trustly partnership to UK market
Betway has moved to bolster the payment options available to its UK customers, expanding the scope of its partnership with global account-to-account (A2A) transactions provider Trustly. The enhanced deal will see the Super Group online sports betting and gaming brand leverage Trustly’s open banking product, as the fintech service increases in popularity in the UK. For Trustly, the agreement marks …
Read More »Kindred withdraws Unibet from unviable German market
Kindred Group has confirmed that its flagship Unibet brand will withdraw its presence from the German market as of 1 July. The Stockholm-listed operator has informed local authorities that it has chosen to cancel Unibet’s sportsbook and virtual slots licence applications to participate in Germany’s Fourth Interstate Treaty on Gambling (GlüNeuRStv) regime. “Our long-term strategic direction sets out locally regulated …
Read More »Kindred launches Unibet in the Netherlands following KSA licence approval
Kindred Group has lauded its Dutch licence approval from Kansspelautoriteit (KSA) – the Netherlands Gambling Authority – as an ‘important part’ of the firm’s strategy to operate in locally licensed markets. As part of its gambling licence approval, Kindred will launch its flagship brand Unibet (Unibet.nl) into the Netherland’s regulated market. Anne-Jaap Snijders, Chief Commercial Officer, Kindred Group, stated: “We …
Read More »Former MGA CTO charged with money laundering and bribery
The Malta Gaming Authority (MGA) has confirmed that its former Chief Technology Officer (CTO) Jason Farrugia and his wife Christine Farrugia have been charged with a range of financial crimes. These include money laundering, accepting bribes, fraud and trading in influence by abusing his leadership position as CTO of the MGA, according to The Times of Malta. Additional charges include fraud …
Read More »Bookies Corner: Nerves on edge for epic Premier League curtain closer
On Sunday, the Premier League will settle a season with more twists and turns than the WAGagatha Christie affair! With title, relegation and Euro places to be decided on the final day of play – SBC checks in on how bookmakers’ nerves are faring, pricing and predicting the curtain closer to the most vintage of football seasons… SBC: With the …
Read More »Kindred continues to support working parents with Women in Racing
Kindred has extended its partnership with Women in Racing on the Racing Home programme, which aims to educate stakeholders within the racing industry about motherhood and parenthood. Racing Home has now launched an online educational portal as well as a rehabilitation programme and a podcast series to further support working parents. This offers guidance to mothers returning to riding post-pregnancy, as …
Read More »Kindred becomes a target of Corvex activist fund
Activist investment fund Corvex Management LP has disclosed to the Stockholm Nasdaq that it has built up a 10% shareholding in Kindred Group Plc. Corvex is led by seasoned activist investor Keith Arlyn Meister, a former principal of Icahn Enterprises – the private investment fund of US finance magnate Carl Icahn. The New York fund began to accumulate its 10% …
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