Tag Archives: Stockholm

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 …

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 …

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 …

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 …

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 …

Nordic Nasdaq-listed industry sports betting platform and software supplier  Kambi Group Plc (Kambi) has declared a difficult start to 2017, as the company’s operating profits and margin were hit by player friendly football results recorded during the final weeks of Q1 2017 (period ending 31 March).  The company had previously sent a communication to investors detail period impacts. Despite posting …

Stockholm-listed operator, Kindred Group Plc has declared a strong start to 2017 as the company benefits from an enlarged European sports betting and igaming portfolio of brands and assets. Publishing its ‘unaudited Q1 2017’ interim results Kindred would declare a consecutive ‘all-time’ high in group revenues of £153 million up 25% on corresponding 2015’s £122 million. Kindred governance detailed that …

The governance of Betsson AB has confirmed the appointment of Kaaren Hilsen as new Group Chief Financial Officer (CFO) replacing long-term incumbent Fredrik Rüdén who will depart the operator this coming August. Issuing a corporate communication, Betsson informs that Hilsen will join the firm’s executive team ‘no later than 1 November’. Hilsen joins the Stockholm-listed online gambling operator from Telenor …

Issuing a market update, the governance of Stockholm Nasdaq-listed Kambi Group Plc has detailed that its Q1 2017 operating margin has been impacted by a ‘high number of player-friendly outcomes’ in European football leagues. Kambi governance points to the 26 February as its nightmare day, when eleven highly backed favourites won their respective football matches. The platform provider further informs …