Tag Archives: Stockholm

Customer & Product effective LeoVegas hits H1 2017 heights

LeoVegas

The governance of Stockholm-listed European online gambling operator LeoVegas AB has stated that it is confident of hitting its 2017 full-year targets and corporate expectations following a strong H1 period driven by ‘solid organic growth’. The mobile-centric gambling group would post H1 2017 (period ending 30 June) net-gaming revenues of €93 million representing a 55% increase on corresponding 2016’s €60 …

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Marketing & acquisition savvy Kindred Group gains H1 2017 performance rewards

Presenting its H1 2017 interim results (period ending 30 June), Stockholm-listed European online gambling operator Kindred Group Plc has reported ‘strong organic growth’ delivered through its marketing and acquisition investments. Kindred governance was pleased to announce a further consecutive interim period of corporate growth against a tough set of 2016 comparable metrics. The operator would report H1 2017 group revenues …

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Strategic product Investments reap H1 2017 rewards for Betsson AB

Stockholm-listed European online gambling group Betsson AB has detailed a strong six month opening to 2017, driven by ‘organic growth’ in its Scandinavian and Western markets, as the company continues to support its operations with strategic product investments. Presenting its H1 2017 trading update (period ending 30 June), Betsson would detail all ‘core metric gains’ on corresponding 2016 period performance, …

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Regulated market expansion sees NetEnt deliver H1 solid growth & profits

Publishing its H1 2017 interim trading results (period ending 31 June), Stockholm-listed industry content and games developer NetEnt has detailed a strong commercial momentum, recording growth across its core metrics. Updating investors, NetEnt governance stated that H1 had delivered ‘solid growth’ for its verticals, with the company hitting H1 revenues of SEK 805 million, up 15% on corresponding H1 2016’s SEK …

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Confident Aspire Global set for Stockholm Nasdaq listing

Malta and Tel Aviv-based industry white label and turnkey platform provider Aspire Global has been approved listing on the Stockholm Nasdaq First North Premier market. The firm now plans to make its initial public offering next Friday 7 July setting a target price of SEK 30 per share on the Stockholm Nasdaq. Aspire governance has detailed that it will initially …

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Aspire Global eyes Stockholm North Premier IPO

Issuing a short market update, Malta and Tel Aviv based industry white label and turnkey platform services provider Aspire Global has detailed that it has begun to seek a public offering listing on Stockholm’s First North Premier market. The news of Aspire Global seeking a Stockholm IPO, follows this month’s announcement that the company has appointed former Cherry Gaming CEO …

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Kindred commissions research project into Responsible Gambling Practices

Updating the market, Stockholm-listed European online gambling operator Kindred Group Plc has announced that it has commissioned two leading international researchers to investigate ‘gambling practices using anonymized customer data’ from its corporate assets. The study which has been commissioned for a period of three years, will seek to gain industry insight into player profiles, and user journey and interaction with Kindred …

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Kindred completes £175 million acquisition of 32Red

Updating the market, Stockholm-listed European online gambling group Kindred Group Plc (Kindred) has confirmed that it has completed it’s £175 million acquisition of 32Red Plc (deal first announced 23 February). The announcement sees Kindred acquire 97% of 32Red Plc’s shares, which will now move to fully delist from the London AIM exchange market. Kindred governance informs that it has attributed …

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Tough Opening…Currency impacts & increased tax duties hit Betsson AB’s Q1 2017 performance

Publishing its Q1 2017 interim results (unaudited period ending 31 March), Stockholm-listed European online gambling group Betsson AB has reported that its period earnings and profit results have been impacted by negative currency fluctuations, increased market taxes and player friendly results recorded by its sports betting division. Updating investors, Betsson would report a 10% increase in group revenues to SEK …

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Henrik Tjärnström – Kindred has UK sights following 32 Red acquisition

Presenting Q1 2017 results, Kindred Group CEO Henrik Tjärnström has stated his firm will move to become a UK market player following the acquisition of 32 Red Plc for £175 million (deal announced February 2017). Kindred’s leader was pleased to have secured his firm’s thirteenth online gambling brand, adding a further renowned asset to Kindred’s regulated market portfolio. Tjärnström told …

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