Tag Archives: Stockholm

GiG reduces 2020 losses clearing pathway to B2B dominance 

Gaming Innovation Group (GiG) has achieved all corporate transformation objectives laid out in 2020, helping the company achieve its long-term goal of becoming online gambling’s most valuable B2B technology supplier.  Citing continued operational efficiencies during Q4 trading, GiG recorded group revenues of €17.3 million – up 66% on corresponding Q4 2019’s €10.4 million. Q4 trading saw the Stockholm-listed technology group …

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Kindred lauds its ‘strict discipline’ delivering record growth

Kindred Group Plc has continued its run of delivering consecutive ‘all-time high’ quarter performances, with the group praising its scalable business model and operating discipline. Publishing its full-year 2020 results, the Stockholm-listed online gambling group achieved a record performance in customer activity, breaking the 1.75 million active player mark across its brand portfolio. High customer activity saw Kindred record all-time-high …

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Record-breaking Betsson rides out a ‘year of changes and challenges’

Betsson AB has reported an ‘all-time high’ record fourth-quarter performance, having recorded sustained growth despite ‘unprecedented challenges across all operating regions’. Publishing its full-year 2020 results, Betsson recorded Q4 group revenues of SEK 1,762 million (€175 million), up 37% on corresponding Q4 2019’s SEK 1,289 million. Record trading saw Betsson deliver ‘growth across all products and regions’ as Q4 online …

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Kindred adds transparent safer gambling metrics to group reports

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 promotes Andreas Reimblad to group sportsbook lead 

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 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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Kambi upgrades 2020 results following strong Q4 close

Kambi Group Plc has recorded a favourable closing to 2020 trading, leading the sports betting technology and systems provider to upgrade its full-year results.  During Q4, Kambi recorded a 2% increase in trading margin – up to 9.4% – as the technology group benefited from an ‘extended run of favourable sporting results, across multiple sports and all key markets’. The …

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LeoVegas returns to bond market securing long-term growth options

LeoVegas AB has announced its intention to issue a new senior unsecured bond, carrying a minimum value of SEK 500 million (€50m) and maximum liquidity of SEK 1.2 billion (€117m). Returning to market, LeoVegas’ board confirmed that it has appointed SEB and Swedbank to serve as joint bookrunners facilitating the transaction for institutional investors, who will be able to access …

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Svenska Spel trials ‘coupon free’ paperless purchase as next retail innovation 

Svenska Spel trials ‘coupon free’ paperless purchase as next retail innovation 

Svenska Spel has partnered with Swedish convenience store operator Pressbyrån to launch its new pilot project testing the capacity of ‘coupon free’ national lottery ticket purchasing for Swedish retailers.  Across four Pressbyrån stores located in Stockholm, Jönköping, Östersund and Kalmar, Svenska Spel will test out its new ‘coupon free’ in-store functionalities allowing a paper-free customer to instantly select their national …

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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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