Tag Archives: Stockholm

Commercial & Delivery effective Kambi records strong 2018 opening

Stockholm-listed, betting platform and software provider Kambi Group Plc has detailed a strong opening momentum for 2018. Publishing its Q1 2018 trading update (period ending 31 March), Kambi records a 15% increase in corporate revenues to €16.4 million (Q1 2017: €14.2 million), with the betting platform provider maintaining a high 7.9%  trading margin. Continuing its strong momentum from a record …

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High activity Kindred Plc reports strong opening to 2018

Stockholm-listed online gambling firm, Kindred Group Plc has reported a strong opening to 2018, as the multi-brand/ multi-market operator continues to benefit from its expansion strategy, supported by further ‘organic growth’. Publishing its unaudited Q1 2018 results (period ending 31 March), Kindred records a 36% group revenue uplift to £207 million (Q1 2017: £153 million). The positive revenue momentum, sees Kindred …

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Betsson launches first ever Spanish TV Campaign

Stockholm-listed online gambling group Betsson AB has announced the launch of its first ever Spanish market TV Campaign ‘Suecos, pero emocionantes (Swedish, but exciting)’, promoting Betsson.es. The European multi-brand operator launched its initial Spanish online gambling property last February and seeks to introduce Spanish audiences to its trusted flagship Betsson brand. “The TV commercial is intentionally non-conventional to stand out …

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Digital gains see Cherry AB up Q1 2018 forecasts

Issuing a market update, the governance of Stockholm-listed Cherry AB has informed that it expects its Q1 2018 revenue and earnings results to be ‘better than anticipated’. Upping its Q1 2018 forecasts, Cherry governance expects to deliver period corporate revenues of SEK 675 million, combined with a group EBITDA of SEK 188 million. The Stockholm enterprise details a significant improvement …

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French entry for Catena Media through ParisSportifs

Sports betting site ParisSportifs has had all affiliate assets acquired by Catena Media, as the firm continues its strategic expansion, with an eye on this summers Russian World Cup. Entering the French market through the purchase, with the initial price amounting to an upfront payment of €8.2m, the assets are set to be consolidated within Catena during this month. Of …

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Equality Agenda… Kindred joins All-in Diversity ranks

Stockholm-listed Kindred Group Plc becomes the latest betting enterprise to join the sector’s growing All-in Diversity Project, as part of the firm’s ongoing initiatives to develop inclusive and sustainable corporate frameworks. The All-in Diversity Project is an industry-driven, not-for-profit initiative which aims to deliver a new benchmark combined with better practices and standards for diversity within the global betting and gaming …

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Per Eriksson departs NetEnt AB leadership with immediate effect

Stockholm-listed industry games developer NetEnt AB, has disclosed that Chief Executive Per Eriksson has departed the company with immediate effect. This morning the NetEnt board released the following statement: “NetEnt has decided that Per Eriksson is to step down as president and CEO with immediate effect. The recruitment process will be initiated immediately, and a new CEO will be presented …

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Kindred Group wins Belgium digital VAT repeal

Stockholm-listed Kindred Group Plc has disclosed that it has secured a favourable ruling by Belgium’s Constitutional Court relating to its repeal of VAT charges on online gambling activities. Since 2016, Kindred has fought to repeal the Belgian government’s 2016 industry amendment, which demanded that licensed online operators pay an additional 21% VAT charge for their Belgian services. Challenging the Belgian …

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Betsson promotes Ronni Hartvig to Group CCO as company sharpens localisation strategy

Updating the market, Stockholm-listed online gambling group Betsson AB has confirmed the appointment of Ronni Hartvig as Chief Commercial Officer (CCO). Hartvig is promoted to the group-wide executive role, having most recently served as Managing Director of Betsson’s NordicBet property (2015-2017). A seasoned industry executive, Hartvig holds a deep understanding of industry operations; focusing on building sustainable player acquisition to …

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Smarkets forms ‘stats-led’ content partnership with Squawka

Online betting exchange Smarkets has moved to strengthen its football content coverage, announcing a strategic partnership with new Catena Media property Squawka (Squawka.com). Beginning this March, Smarkets and Squawka teams will combine resources to develop ‘stats-led content’ for football audiences on both portals. The in-depth content and match analysis will be pushed via multiple distribution channels including Twitter, Facebook, and …

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