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Legal
December 18, 2024
Swedish Court Rejects Operators’ Request to Have Fines Revoked
The Swedish Supreme Administrative Court has denied several operators’ appeals against decisions by the Spelinspektionen, the local gambling regulator. As a result, the violators will have to pay the fees outlined in their penalty orders. The Spelinspektionen’s penalties were issued against subsidiaries of the gaming companies ComeOn Group, Kindred Group, and Mr Green. ComeOn Group’s […]
Industry
November 26, 2024
Kindred Exits Poland Shortly After Graj Legalnie Scrutiny
Kindred Group, a prominent gaming company, has announced its exit from Poland. The company recently discontinued its casino and poker operations in the country and is now putting an end to its sports betting business there too. Kindred to End Its Business in Poland Kindred Group, which operates the Unibet brand in Poland, pulled back […]
Industry
November 22, 2024
Polish Gaming Association Accuses Unibet of Violations
Kindred Group is a recognizable company that is a parent to many popular betting and gaming brands. Currently, the company together with its subsidiary, Trannel International Ltd, offers its services via the Unibet brand to customers in Poland. However, this offering, according to one legal Polish group, is against the established online gambling regulations. As […]
Business
October 23, 2024
FDJ Initiates Squeeze-Out to Complete Full Takeover of Kindred
La Française des Jeux (FDJ), France’s and the Republic of Ireland’s operator of national lottery games, has begun the squeeze-out process to acquire the remaining shares of Kindred Group, solidifying its path toward full ownership. This follows the successful completion of its €2.45 billion ($2.64 billion) acquisition earlier this month, which saw FDJ secure control […]
Business
October 23, 2024
Kindred to Boost Harm Detection as High-Risk Revenue Rises
Kindred Group published its latest Journey Towards Zero report, highlighting a slight increase in its share of revenue coming from high-risk players. As a result, the online operator expressed its commitment to further improving its detection and intervention systems. Kindred’s High-Risk Revenue Increased Slightly in Q3 In the third quarter of 2024, the company’s gross […]
Sports
October 22, 2024
Kindred’s Unibet Extends Its NHL Partnership Deal in Sweden
Kindred Group’s flagship Unibet brand just renewed its partnership with the National Hockey League (NHL) in Sweden. This multi-year extension will cement the sportsbook as the leading provider of ice hockey betting in the country. Unibet Extends Its NHL Deal in Sweden As per the agreement, Kindred Group will remain an official partner of the […]
Business
October 18, 2024
FDJ Posts YTD Results as Moody’s Reiterates Good ESG Rating
La Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion” with a diversified and balanced profile. FDJ reported year-to-date revenue of EUR 2.01 billion ($2.18 […]
Business
October 17, 2024
Kindred Publishes Financial Update as Part of FDJ’s Takeover
Online gaming operator Kindred Group, has published a new financial update as part of its tender offer by the French national lottery operator La Française des Jeux (FDJ). Kindred is set to publish its full report on October 25. The Results Are in Line with Earlier Projections Kindred noted that the publication of its unaudited […]
Business
September 18, 2024
FDJ Secures Regulatory Approvals for Kindred Takeover, Sets Closing Date to October 2
La Française des Jeux (FDJ) is proceeding with its acquisition of Kindred Group. Having cleared all regulatory approvals, the former company provided a closing date for the deal. The French operator, however, must still secure additional approvals from Kindred’s investors. FDJ Will Close the Deal on October 2 The French group said that it has […]
Business
September 16, 2024
France Outlines Conditions for FDJ’s Acquisition of Kindred
The French competition regulator has approved the deal as long as FDJ agrees to follow certain conditions. FDJ to Keep Its Monopoly and Competitive Businesses Separate France seems favorable of FDJ’s takeover of Kindred, provided that the two companies agree to follow a number of conditions. In the wake of its first investigation into the […]
