Tag Archives: Stockholm

Kindred Group Plc continues to progress on its group-wide business sustainability objectives, despite recording a slight increase in revenues generated from harmful gaming.     Publishing its latest ‘safer gambling update’, the group saw its share of gross win revenues from high-risk players increase from 3.9% to 4.3% during the Q2 trading period.    Irrespective of the 0.4% increase, Kindred underscored that its …

Kindred Group Plc has launched a new ‘All Employee Share Plan’ (AESP) which will allow its workforce to benefit from the success of the group through share ownership. The new AESP scheme will be made available to all current and future Kindred employees, with the exception of personnel registered as executive management of the Stockholm-listed online gambling group.  The scheme …

Kambi Group Plc has celebrated a record opening to 2021 trading, as the Stockholm-listed sportsbook technology provider achieved double digit growth across all core operating metrics and KPIs, as a result of its significant sportsbook network growth.  Publishing its Q1 trading update, Kambi registered group revenues of €43.2 million – up 55% on the €28 million recorded in 2020. Updating …

LeoVegas AB has launched an appeal against the SEK 2 million penalty (€200,000) issued by Swedish gambling inspectorate Spelinspektionen related to “shortcomings in the work against money laundering and terrorist financing”. Spelinspektionen communicated that LeoVegas had failed to comply in ensuring the risk-based AML safeguards of Sweden’s ‘Money Laundering Act’.  The penalty notice specified that LeoVegas had failed to ‘risk …

Catena Media has revealed an ‘exceptionally strong opening’ to its 2021 trading, as the company anticipates Q1 2021 revenues to top the €40 million mark.  This morning, the Stockholm-listed affiliate marketing publisher released its Q1 pre-close trading statement, alerting investors that Catena would deliver a record quarterly revenue performance.  Updating investors, Catena estimated that its Q1 adjusted EBITDA will fall …

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 …

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 …

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 …

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, …

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 …